CONFIDENTIAL

1

Government had not so proceeded.

Hong Kong was just coming out of recession and the Review Committee was just about to start delibera- tions. However, a general outline of budget strategy considerably before the budget would have greatly helped the Department in preparing a report to Ministers on the subject. He felt sure Lord Goronwy-Roberts would wish to discuss this subject.

Distribution

HKD OLA

Economists Dept

Mr Male

Mr Larmour

Hr Cortazzi

Sir Murray MacLehose

:.

CONFIDENTIAL

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