PERSONAL

CONFIDENTIAL

Reference..........

Mr. Stewart's reply, is filed in his cabinet.

:50)

Mr J A B Start (HKGD)

minole

CC:

Mr M Stewart Mr Maud (FRD)

(Private Office : o/r)

HONG KONG : BUDGET

NEC

.ED IN

REGIRY No. 51

19 AUG 1977

#KK 100/2

We have agreed that I would establish a dialogue with the Financial Secretary, Hong Kong, on technical aspects of their Budget.

1.

2.

I should therefore be grateful for comments on my draft attached.

16 August 1977

siren Sumin

Adrian Smith

Senior Economic Adviser

G 72A/G

8815

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