CONFIDENTIAL

I

7. If the Treasury continue to maintain their line we will

ask Hong Kong for their considered views and then take up the argument with the Treasury at a higher level, emphasing the political factors, and if necessary go to Ministers. will speak to Mr Davis, the Assistant Secretary responsible

in the Treasury to emphasise the importance we attach to

this question.

даагий

21 February 1986

CONFIDENTIAL

A C Galsworthy

Hong Kong Department

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