SECRET

DSR 11C

&

show considerable ignorance of or indifference to a number

of basic points which at present contribute to Hong Kong's

success. For example they appear to assume that, simply

by stating that an independent currency will continue, it wil

so happen. They ignore the elements of confidence which are

vital to the value of a currency. In general they fail to

convince Hong Kong people that the free social system and

equality under a predictable system of law would in fact

continue.

5.

So far however we have not reacted publicly to this

Chinese propaganda. In our view it is the talks that count,

not what is said outside them.

6.

In keeping with your advice and the views of

Sir P Cradock and Sir E Youde we do not want to feed points t

the Australians, to put to the Chinese. We hope that this

background may help them in putting across their own point

of view, if they wish.

7.

We are informing Sir A Duff. You will no doubt be

in touch with him about his own contacts with Australian

intelligence officials, in which he will concentrate on our

assessment of the Chinese position.

8.

We agree that the Governor and Sir P Cradock may

speak to the Australian Commissioner and Ambassador

to parow 2 to 6

h

respectively on similar lines, (Hong Kong telno 437).

SECRET UK EYES A

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