From: The Rt. Hon. Sir Keith Joseph, Bt., C.H., M.P.

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The Rt. Hon. Mrs. Margaret Thatcher, M.P., Prime Minister.

22nd December 1986.

PRIVATE AND CONFIDENTIAL.

Dear Margaur.

When we talked on December 19th I expressed to you the thought that the country's prosperity and employment would gain significantly if we could bring in more entrepreneurs, and that our economic and moral duties might permit us to encourage the settlement here of suitable people from Hongkong.

It would be sensible to limit those whose entry might be facilitated by setting, for instance, a financial threshold, so as to admit those particularly whose propensity for wealth creation and therefore job

has been proven.

creation

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You agreed that I should write to you so that you might, at a suitable time, explore the pros and the cons and the possibilities.

As I told you, I had discussed the idea with David Young, who was enthusiastically in favour.

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