SECRET
BE DIVERTED OUT OF HONG KONG WITH RESULTANT EFFECT ON THE VALUE OF THE HONG KONG DOLLAR AND BUSINESS CONFIDENCE GENERALLY. ONCE SUCH A PROCESS HAS STARTED IT WOULD RAPIDLY GATHER MOMENTUM AND BE HARD TO STOP.
IF BUSINESS CONFIDENCE FAILED IN HONG KONG, THE GOVERNMENT'S REVENUE WOULD DROP AND IT WOULD BE UNABLE TO MAINTAIN EITHER THE DEVELOPMENT OF INFRASTRUCTURE OF THE LEVEL OF PUBLIC SERVICES.
MACLEHOSE
LIMITED
D
HRG D
FED
PS/MR BLARER
SIRE YOUDE
MR DONALD
2
SECRET