ARGIN

Dd.033009 Gp.863

- 3-

All the indications are that there has been

little movement of capital from the Colony. It

is understandable that in the early stages there

have been

should be a few cases in which there some

few/cases

hesitation about proceeding with investment plans

both within and from outside Hong Kong. But

there is no evidence that this has been, or is

today, a significant factor.

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