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4 IN EITHER EVENT I SHOULD OF COURSE BE GRATEFUL FOR A FULL ACCOUNT OF THE BASIS OF YOUR DECISION FOR USE IN PARLIAMENT AND
ELSEWHERE.
5. I CAN IN ANY CASE GIVE CONTINGENT APPROVAL FOR THE TRANSFER OF HK DOLLARS 250 MILLION FROM THE EXCHANGE FUND TO THE GENERAL REVENUE AMOUNT IN CASE YOU DECIDE TO GO AHEAD WITH THE ABOLITION OF THE
WITHOLDING TAX ON INTEREST ON HONG KONG DOLLAR DEPOSITS.
HOWE
NNNN
DISTRIBUTION
LIMITED
HKD
HD/ERD
PS
PS/MR LUCE
MR DONALD
SIR I SINCLAIR
MR GIFFARD
MR DONALD
X
COPIES
MR BURROWS, LEGAL ADVISERS.
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