CONFIDENTIAL

of Britain's investment Asia.

3.

The bull points might also include a reference to PADS:

The Hong Kong Government's ambitious plans for the

construction of a new international airport and the expansion of

the container port (to cost £10 billion over the next 15

years) the largest infrastructure project of its kind in the

world should provide major new opportunities for British

companies.

4. We have recently asked Mr Heap to do some further work on this

subject, with the aim of producing a more detailed formulation of the value of British investment in Hong Kong. In the meantime,

however, we will ensure that Mr Brandon Bravo has all the up to date

material on this subject, including the Hong Kong Government's

latest Bull Points.

Rosalind Hand

RM Marsden

CONFIDENTIAL

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