Effective boundary conditions for the electromagnetic field of the slow surface waves of a thinwalled annular plasma in a metal waveguide are derived and justified. With the boundary conditions obtained, there is no need to solve field equations in the plasma region of the waveguide, so that the dispersion properties of plasma waveguides can be investigated analytically for an arbitrary strength of the external magnetic field. Examples are given that show how to use the effective boundary conditions in order to describe surface waves with a normal and an anomalous dispersion. The boundary conditions are then employed to construct a theory of the radiative Cherenkov instabilities of a thin-walled annular electron beam in a waveguide with a thinwalled annular plasma. The single-particle and collective Cherenkov effects associated with low-and high-frequency surface waves in an arbitrary external magnetic field are studied analytically. The method of the effective boundary conditions is justified in the context of application to the problems of plasma relativistic microwave electronics.