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continue to enjoy

a high degree

of autonomy in managing its own

affairs;

retain control of its monetary

and fiscal policies;

retain its Own currency, freely

convertible and

without exchange

controls:

retain free movement of capital;

and

have an independent taxation

system; an independent judiciary;

and a fully elected legislature.

17.

separate

Hong Kong will also continue its

participation in

some

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organisations, including the

international

GATT and, of course, the Asian Development

Bank.

18.

These are the

constitutional

foundations

for Hong

Kong's future

success.

It

is these foundations which

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