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would make clear as neces ry
so judge, they would not wish to dissuade you, and
necessary if asked publicly,
asked publicly, that while the
final decision was for you to make on the spot, they had been
by the lung ting within field
proposed, and had confidence
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circumstances
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aware of what was
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of the situation.
73.
h
in your judgement
If EXCO do not oppose outright and a majority record that
8 they would not advise against implementation, Ministers would be
9 prepared to leave the question of implementation and its timing
10 to your judgement and again would give you backing, with the
11 same public line as in para 2 above.
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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.
revenue
155. I can in any case give contingent approval for the transfer 16 of HK$250 million from the Exchange Fund to the general 17 amount in case you decide to go ahead with the abolition
18 withholding tax on interest on Hong Kong dollar deposits.
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20 HOWE
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