TNAG-0381-FCO40-427-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 262

HONG KONG'S ONLY COURSE ''IS TO EMBARK ON ITS OWN PLAN OF DIVERSIFI-

CATION RISKING IF NECESSARY A PUBLIC SHOWDOWN WITH THE BRITISH

GOVERNMENT''

THIS COURSE ''PLACES BRITISH CIVIL SERVANTS EMPLOYED IN HONG KONG

GOVERNMENT IN AN UNENVIABLE PREDICAMENT VIS A VIS WHITEHALL, YET

THEIR OVERRIDING LOYALTY MUST BE TO THIS COMMUNITY AND ITS WELL-BEING

EDITORIAL CONCLUDES ''GUARANTEE HAS NOT FULFILLED ITS FUNCTION IN

THE PAST AND IS NOT LIKELY TO IN THE FUTURE''

ASTON.

ERWELL DISTRIBUTION.

FRD HKIOD

2.