CONFIDENTIAL

Mr Hull

Economists Department

HKK 12 616/1.

4КК

225

421

HONG KONG AND THE FA

1. At the Standing Committee meeting it was agreed that once the final figures under the bilateral agreement were available, you would be asked to assess their effect on Hong Kong's economy.

2. You have already carried out this exercise on one, earlier, set of figures but I now enclose what purport to be the final figures. I would be grateful if you could update the earlier exercise.

20 December 1977

J Thompson

CONFIDENTIAL

K 245

Hong hong & General

Lenartment

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