CONFIDENTIAL

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4. I commented on and countered where necessary some of these suggestions. We are, of course, as you have pointed out, already acting on several of them and some of what

recommends is on the right lines. I do not think that he is fair in underestimating the local skill in Hong Kong in stabilising the financial situation.

зака

Antony Acland

THIS IS A COPY

THE ORIGINAL HAS BEEN CLOSED FOR

40 YEARS UNDER FOI EXEMPTION No.

27 (4)......

CONFIDENTIAL

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