TNAG-0458-FCO40-523-Future-of-financial-and-economic-policy-of-Hong-Kong-1975 — Page 34

Sir

C

SECRET

w↓

Sir D Watson

FINANCIAL ADVICE FOR HONG KONG

1.

I attach a draft Personal letter to the Governor on the lines that we have discussed, amended in accordance with Mr Holland's minute (also attached), and of our own discussions with Mr Haddon-

Cave.

20 September 1974

cc

Mr Holland

✓ it will and

}

with copias of draft.

A C Stuart

Hong Kong & Indian Ocean Dept.

Should there not be a

reference to defence expenditure

where HMG

driving Hile

to find mmey for unproductive

purpose

out

moment when they

- as you say - also driving

for socied purposes. (?~ §3)

To find a welfare

Watson. (Personal)

See doo §5

SECRET

ha

Kun hilford

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