Read 27/u/91
SMITH NEW COURT
PLC
chopt
with
Mr Furness. По
Haaleci-
+
From The Rt Hon Peter Walker MBE MP
McCoy: Hos
xis in
in sibéké Psa aj k
~2
10/ki
26th November 1991
encouraging, caught to waite
achmented je
and
attached
Gina Fanning showed me the letter you kindly sent on 11th November.
T#39/M
I am not sure of the document which you refer to as produced by Smith New Court. Certainly in our research we have discussed with the main banks in Hong Kong and elsewhere their assessment of the upside and downside risks of Hong Kong in the coming decade. The general attitude is whilst of course there is a downside risk, it is as nothing if compared with the potential growth as Hong Kong becomes more linked with China in the future.
I enclose a recent research note we did on the surrounding territories and the expansion taking place there.
With every good wish,
R.A. Burns, Esq.,
AUSS,
Foreign & Commonwealth Office,
London SW1 2AH.
Обита
PETER WALKER
SMITH NEW COURT HOUSE P.O. BOX 293
20 FARRINGDON ROAD LONDON ECIM 3NH
TELEPHONE: 071-772 1000
FAX: 071-772 2937 TELEX: 884410 STX: 73877
REGISTERED IN ENGLAND NUMBER 762949