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* UKPO 52 EPD847
080 : DEFENCE:
HONG KONG, OCT 6, REUTER--HONG KONG IS TO CONTRIBUTE ABOD 40 MILLION STERLING OVER THE NEXT FIVE YEARS TOWARD'S THE COLONY'S DEFENCE, FINANCE SECRETARY MR C.P. HADDON-CAVE ANNOUNCED TODAY.
HE MADE THE DISCLOSURE IN A SPEECH TO THE LEGISLATIVE COUNCIL FOLLOWING THE CONCLUSION OF TALKS BETWEEN HONG KONG AND BRITISH GOVERNMENT OFFICIALS ON A NEW AGREEMENT ON THE COLONY'S DEFENCE CONTRIBUTION.
MR. HADDON-CAVE SAID THE ACTUAL CASH CONTRIBUTION TO BE PAID WOULD BE 12 MILLION STERLING--REPRESENTING ABOUT ONE- TENTH OF THE OVERALL ESTIMATED COST OF ALMOST 140 MILLION STERLING WHICH THE BRITISH GOVERNMENT WILL PAY TO MAINTAIN THE GARRISON IN HONG KONG OVER THE SAME PERIOD.
THE REMAINDER OF THE NEW AGREEMENT WAS MADE UP BY TWO CONTRIBUTIONS IN KIND, HE SAID.
REUTER GJW/HAA
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