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and for goods already in transit at the material timo.
Thorcaftor Hong Kong
exports would be treated on tho sano basis as cxports from the mainland of
Consideration would also have to be given to the consequences for
China.
the import arrangomonts for cotton toxtilos.
Conclusions and Recommendations
11.
In summary, our conclusions and rocommondations aro as follows:
In the context of a forced evacuation
(1) Thoro would be no possibility of protocting United Kingdom
proporty in the form of fixed physical assets such as buildings
(paragraphs 1 to 3 above).
(2) It would be necessary to block tho substantial sterling balances
hold by the Government and residents, chiofly banks, of
Hong Kong. This could bo dono within 24 hours. The groatost
caro would be nocossary in public prosontation (paragraphs 4 to 7
above).
Wo would nood subsoquontly to ostablish critcrie undor which sums
might bo roloased from the blocked balancos, but it is noîthor
nocossary nor practicable to dotormino those criteria in advanco
(paragraph 8 above).
(4) On the commercial policy front in the context of an ovacuation,
whilo inmodiato action would not bo ossential, it would probably
bo nooded within a for wooks at most (paragraph 10 above).
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