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political risks I have outlined above are too great to be

subordinated to a dispute about relatively small sums of

money. I do not propose to enter into any detailed discussion of figures: that is for the negotiators of the

two sides. I very much hope that, with flexibility and goodwill on both sides a, reasonable solution can be However as you know time to short.

found. But If the present deadlock persists, proper

Ministerial discussion of the wider issues will be needed

before decisions are taken which will have a profound impact on Hong Kong and on British interests there.

Earl of Caithness

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