2.
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China for so long as that is required by the needs of exchange control within the sterling area.
It should be possible to discontinue the temporary controls mentioned in (e) and (f) above with the resumption of more or less normal conditions.
3.
Both Malaya and British Borneo, although they do not adjoin China, have some limited economic interests in that country. They both share Hong Kong's interest in the control of Chinese immigration and the control of remittances from the colonial territories to China. In the case of Malaya and critish Borneo however, it is likely that the control over immi ration will need to be of a more permanent character.
4.
There is one further matter which is of great economic importance to Hong Kong, but is not mentioned above, since it is peculiar to Hong Kong and may not be appropriate for inclusion in a paper relating to a common empire policy. If, however, it is at all possible to include the question in this paper, it is felt that this should be done.
is
5.
The question is that of the tenure of the New Territories. At present these Territories are held on a 99 years lease which expires in 1997. A period of some 50 years which will be the extent of the unexpired period of the lease upon the liberation of Hong Kong manifestly much too short a period on which to base long-term reconstruction plans. It is hoped, therefore, that a favourable opportunity will be taken to secure at least a prolonged term arrangement with China which will assure the Colony of the non-interruption of the many public services dependent on the New Territories supply, airfield, certain port facilities and will permit of business confidence in development.
Water
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X
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