CONFIDENTIAL
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FROM: S H Broadbent
DATE: 26 February 1992
cc: PS/Lord Caithness
PS/PUS
Sir J Coles
Mr Bone
Mr Ricketts, HKD Mr Davies, FED
Mr Burns
HONG KONG FINANCES
1.
Some of the budgetary figures in para 4 of my minute of 20 February were compressed, and thus wrong. The surplus for 1991/2 was estimated at HK$1.3 billions. The outturn is likely to be about HK$7 billions. The 1992/3 figure will be about HK$8 billions some HK$15 billions better than expected last year.
2.
The conclusions are unaffected.
SH Broadbent
CONFIDENTIAL
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