::
Regist. pl. attach pps. exp. N. Stewart's letter of S
16 June
2. I Thompson - should the Stewart be advised to
This ~ Hong Kong?
CONFIDENTIAL
розре
Mr.
الاساسية
812319.
in. Thompsoni con
Mr JAB Stewart
ewart (HKGD)
22
53
dc:
Mr M Stewart Mr Maud
(FRD)
HONG KONG : ECONOMIC DIALOGUE
1.
(Special Adviser)
26 Дорь:)
Mm
2214.
HKK 100/2
RECEIVED IN REGISTRY NO. 51
I attach a letter I have received from eaffres 217 SEP 1988reply to mine of 24 August 1977 (also attached for convengeNCOFFEER REGISTRY Haddon-Cave (FS).
INDEX
PA
Action Take...
2.
I would comment:
No 1 G
(a)
such a limited response is hardly encouraging when viewed against the expectations of a technical dialogue where anticipated that differences might be alleviated;
it was
Whea
faul's
(b)
we asked if there were any doubts as to the Secretary of State's views on public expenditure; as there has been no response we can assume that it is fully understood;
(c)
we have drawn an inadequate response as to the priorities in their eyes between the various means of deficit financing reference to elsewhere;
merely a
Rel.to FIFA
(d)
3.
equally we have drawn no response on our suggestion for an alternative budgetting procedure whereby new expenditure planned could be developed and costed independently from revenue rather than treated as a residual to be afforded if revenue permits.
Understand! from Econ they bel
You may wish to have these points in the back of your mind for your forthcoming visit. If you would like me to renew our attempt to get a real dialogue going perhaps you will let me know.
Woven Junir
(
Senior Economic Adviser
22 September 1977
Adrian Smith
CONFIDENTIAL
Eboo
k.
157.