COVERING CONFIDENTIAL

Seen

Mr J Stewart (HKD) o/r

1.

LAST

.cc:

(23)

P.

Mr M Stewart Mr D Lipsey

28)

Jello

BE

на

тыш

RE

캐하

(Special Adviser)*

31 MAR 1977

4KK 100/

You asked for an appraisal of the latest Hong Kong Budget for tabling before a restricted Standing Committee, and passing in an appropriate form upwards and to the Governor for his comments.

2.

This is attached in the form of an assessment.

25 March 1977

ти

Wnon fun D

Adrian Smith

Senior Economic Adviser G 75/G

8815

COVERING CONFIDENTIAL

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