CONFIDENTIAL

Mr J A B Stewart (HKD)

HONG KONG STANDING COMMITTEE

1.

IN

... 61

2 u APR 1977

Nkk Olall

w mitten

Jelly

My. Dulfy

May I refer to your minute to Mr Murray of 5 April 1977.

68

Dim

ight.

2. From my standpoint, I see the Standing Committee as monitoring Hong Kong's progress in the application of the economic, financial and social principles and policies agreed in the Planning Paper. On these aspects I would not have thought that we have strayed beyond our terms of reference. On a few occasions we may naturally have discussed details of their economic policies, but I do not think we can be accused of straying into irrelevances. We have, of course, still to discuss their Budget, whether inside or outside the Standing Committee.

18 April 1977

Amen Sm B

Adrian Smith

Senior Economic Adviser

2

CONFIDENTIAL

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