RS 300
IMMEDIATE
CYPHER/CAT A
FM FCO 161623Z
CONFIDENTIAL
CONFIDENTIAL
TO IMMEDIATE HONG KONG TELO 185 OF 16 MARCH
1,
MR KENNETH BAKER MP (CONSERVATIVE
Bake C
to du par
CITY OF WESTMINSTER,
Bryan
ST MARYLEBONE) HAS PUT DOWN THE FOLLOWING THREE QUESTIONS FOR WRITTEN ANSWER:-
A) WHAT IS THE ESTIMATE OF THE RATE OF INFLATION ON THE GROWTH IN THE GDP FOR HONG KONG FOR THE FINANCIAL YEAR 1976/77?
B) WHAT IS THE PROJECTED INCREASE IN EXPENDITURE ON EDUCATIONAL SERVICES IN HONG KONG FOR THE FINANCIAL YEAR 1976/77?
C)
WHAT IS THE PROJECTED INCREASE IN EXPENDITURE ON HEALTH SERVICES IN HONG KONG FOR THE FINANCIAL YEAR 1976/77: AND HOW MANY MORE HOSPITAL BEDS ARE TO BE PROVIDED?
2. WE PROPOSE TO SUBMIT THE FOLLOWING SUGGESTED REPLIES:- A) THE GROWTH RATE OF GDP FOR 1976/77 IS ESTIMATED TO BE 15% IN CURRENT PRICE TERMS. 6% OF THIS IS ATTRIBUTABLE TO INFLATION.
B)
THE REVISED ESTIMATE OF EXPENDITURE ON EDUCATION IN 1976/77 IS HK DOLLARS 1294M AND ESTIMATED EXPENDITURE FOR 1976/77 IS HK DOLLARS 1376M. THE PROJECTED INCREASE IN EDUCATIONAL SERVICES IN HONG KONG FOR 1976/77 IS THEREFORE HK DOLLARS 82M. ADDITIONALLY, .COME DOLLARS 33M IS EXPECTED TO BE DRAWN IN 1976/77 AS LOANS FROM
THE DEVELOPMENT LOAN FUND TO ASSIST IN THE FINANCING OF NEW SCHOOL BUILDINGS AND FOR LOANS TO STUDENTS AT HIGHER INSTITUTES OF
EDUCATION.
April 1 HKK 280/1 f (B) 6 HILK250/2 K(C)
CONFIDENTIAL
/C) EXPENDITURE OF