TNAG-0506-FCO40-571-Review-of-narcotics-problem-in-Hong-Kong-1974 — Page 121

CONFIDENTIAL

MMEDIATE CYPHER/CAT A

GPS 1200

FM HONG KONG 060345Z

CONFIDENTIAL

NICK 18/10 NKK19/2

74

TO IMMEDIATE FCO TEI.NO 1195 OF 6 NOVEMBER/INFO PRIORITY HONG KONG GOVERNMENT OFFICE LONDON (FCO PLEASE PASS).

LAST REE.

NEXT

FOR HKIOD.

REF.

128

129

YOUR TELEGRAM 953. PARLIAMENTARY QUESTIONS.

(A) THE REPLY PROPOSED IN YOUR PARAGRAPH 2 IS AGREED, 246,484 HONG KONG BRITISH PASSPORTS WERE ISSUED BETWEEN 1ST JANUARY 1965 AND 31ST OCTOBER 1974.

(B) WE AGREE\YOUR SUGGESTED ANSWER IN PARAGRAPH 3 EXCEPT THAT IT WOULD BE PREFERABLE TO AVOID USE OF SILLARS' WORDS QUOTE TRANSFERRED TO LONDON UNQUOTE AND USE INSTEAD QUOTE INVESTED IN STERLING UNQUOTE. COMPARATIVE FIGURES AT 31ST MARCH FOR THE PAST 8 YEARS (1964-71) WERE:

3

HHK DOLLARS M.

YEAR

TOTAL ASSETS

CASH, FIXED DEPOSITS

GENERAL

AND INVESTMENTS IN

REVENUE

STERLING

BALANCE

1964.

978

379

762

1965

1047

520

823

1966

904

445

688

1967

935

436

710

1968

995

377

788

1969

1160

397

949

1970

1633

661

1426

1971

2285'

1167·

2066

TO WHICH CAN BE ADDED:

1972

1973

3006

3754

1844

2916

1274

3089

ON THE SENDING OF HONG KONG'S SURPLUSES TO LONDON FOR THE USE OF

H.it.G., WE SUGGEST

/QUOTE THE HONG KONG

CONFIDENTIAL