CRET
paid fu by itn.
£2.2m pa) will be absorbed in Hong Kong public works votes,
thus reducing the size of the animal cash contribution (for
£6.3m.
presentational purposes) to 46.32% £6.30
krded
سلم
Up
to
heated
(b) An agreed proportion of the sun os a8.5m (bup any one year would be orked as a contribution to the
f
those
Services' capital works programme on the understanding that ever
works if no longer required by HMG) would become the property
of the Hong Kong Government.
7.
(c) The agreement would be subject to review only:
^
(1) if the strength of the present garrison were increased
or equivalent or decreased by more than one major Aray ukit
(ignoring temporary absences and the transitory effects
of roulement etc).
(11)
if, during the period of the agreement, there was a
substantial increase or decrease of 50% or more on
April 1970 prices in the capital works costs.
as
The Governor attaches particular importame to the capital
para 7(b)) works element (above) and to the introduction of the principle
Chạt new buildings will revert free to the Hong Kong Governlent
frame is ement for
If the Saxy¿cos over cease to Ec tam.
to e them. This will be an
important selling point for him in persuading his unofficial
advisers that they will be getting value for money.
8. In cash terms the offer represents a 70% increase on the current contribution. Be it amounts to only 32% of the costs
that are estimated to be incurred in Hong Kong in the first year
of the new agreement as compared with the 31% represented by
the current contribution in its first year of operation
(1967-68). similar comparison in terms of proportion of the
Colony's total recurrent reveme is 4.7% and 4.6%. In essence
therefore the offer restores the 1967 position.
SECRET
- 3-