SECRET
Mr Wilford
S. Ration.
NUCLEAR POWER STATION FOR HONG KONG
RECEIVED IN REGISTRY Ho, 51
20 AUG 1974
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1. Thank you for letting me see these papers. Mr Laughton has not yet got in touch with me and perhaps will not now do so.
cause me no pain.
2.
May I nonetheless make one comment on your letter to Sir Murray MacLehose? I can see that if links are made clumsily between the power station and the future there is indeed a risk of embarrassment and possibly of weakening of public confidence. But is there another side to the story? What assumptions do we make about economic inter- dependence between Hong Kong and China and how this will evolve between now and the 1990s? I take it that this is a problem that will become increasingly relevant as Hong Kong expands and the implications of future arrangements become more and more a matter which business judgement has to take into account. The lead time on major projects is now so long that by the end of this decade tycoons will be more and more concerned with this general point.
3. It may be, I suppose, that there will be some form of asymmetric development in Hong Kong in the sense that there will be a willingness to continue economic activity on which you can amortise your capital quickly and hesitation about anything in the more fundamental sectors of the economy.
12 August 1974
витрими
PHR Marshall
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long-term ecamic
relations with China, the political
SECRET
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period will con time
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Women Wathen
11/8
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