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Copy no. of 4 copies
3.
Clause 91(c): In the opening sentence of this summary the economy is described as vulnerable "to commercial policy changes in the free world", though this is not specifically stated in paragraphs 3 to 19. We think it might be better to redraft the opening two sentences of this paragraph (c) as follows: "But Hong Kong could become a major liability if. as expected, its economy begins to run down towards the end of the lease in 1997 or as a result of Chinese pressures Clause 91(7): Last line insert the words "as it may" after the word run down".
Under recozzendation (3) last line delete the word "to" and Insert the words "ite expected".
I am sending a copy of this letter to Nicholls and also to Mackay here in the Treasury.
(R.H.J. Steel)
c.c. No. 1 Mr. Mackay
No. 2 Mr. Nicholls No. 3 2FD 24/115/01
No. 4 Mr. Steel (spare!
Reproduction copy no. Mr. Moreton
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