TNAG-0242-FCO40-278-Conduct-of-Hong-Kong-commercial-relations-1970 — Page 21

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

Радой,

سه

I agree

M

Hong Kong would pick up more on the foreign swings than she

would lose on the U.K. round-abouts. But would she in fact

lose anything?

4.

It may be Mr. Carey's point is that his Department should

be exempt from any obligation to consider whether action they

took here would have effects on other H.M.G. interests in

Hong Kong, i.e. from our point of view economic and political

stability, or perhaps from the Treasury's point of view on

Hong Kong's sterling balances. I agree that on the plan

outlined in Mr. Carey's minute there would be an onus on other

Departments to prove that action proposed by the Ministry of

Technology would have such a deleterious effect on other U.K.

interests that it should be modified to take account of them.

But,so long as Ministers are responsible to Parliament for

everything that goes on in Hong Kong,I don't see how in the

last resort this could be granted and we should have to reserve

our position on this, though in practical terms it may not be

very meaningful at the moment so long as Hong Kong's present

shortage of labour exists.

5.

complete freedom of action for Mintech

Though Mr. Hughes has pointed out that if this

arrangement were proceeded with we would have to extend it

beyond textiles, I would hope that, if examination of the

full consequences took a long time, it would be possible to

deal with textiles on its own. After all, they are the main

point of difficulty in political terms with Hong Kong at the

moment.

Любрат

(L. Monson)

12 June, 1970.

c.c.

Mr. Gallagher

Mr. Heath

Mr. Laird

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