CODE 18 - 77

Mr JA B Stewart (HKGD)

Reference.......

CONFIDENTIAL

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Julis

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cc:

MJ Stewart (Special Adviser) Mr Maud (FRD)

HONG KONG : 1977 BUDGET

1. As agreed at the Standing Committee on 19 May 1977, I attach a draft letter for you to send on our behalf to the Financial Secretary, Hong Kong, which covers the technical aspects and supplements the general letter Mr Cortazzi will be sending to the Governor.

2. As I have incorporated some of Mr Michael Stewart's original points I am sending a copy to him.

25 May 1977

PS:

I shall bo

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Adrian Smith

Senior Economic Adviser

G 72/G

8815

or leave 30/5 to 10/6

CONFIDENTIAL

REG REGI.

17 JUN 1977

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38

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