TNAG-0622-FCO40-770-Budget-of-Hong-Kong-1977 — Page 78

A

Зі

GRS 150

FRIORITY

EN CLAIR

FM HONG KONG 200840Z

UNCLASSIFIED

REL

RS.

2 J Arkall

LART

HKK 100/2

33

Hi

TO PRIORITY F C O TELEGRAM NO 400 OF 20 APRIL INFO PRIORITY HONG KONG GOVERNMENT OFFICE LONDON.

FOR STEWART FROM HADDON-CAVE.

BUDGET DEBATE.

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FURTHER TO THE EXCHANGE OF TELEGRAMS RESTING WITH YOUR NO 287, I AM SENDING SIX COPIES OF OFFICIAL SPEECHES, INCLUDING MY WINDING-UP SPEECH, TO YOU TO-DAY BY BAG NO A47.

2. MY SPEECH CONSISTS OF A SERIES OF REPLIES TO SPECIFIC POINTS

RAISED BY MEMBERS. THE ONLY POINT OF ANY REAL SUBSTANCE IS THAT I HAVE DECIDED TO PROPOSE A REDUCATION OF THE CLAWBACK APPLICABLE TO SUPPLEMENTARY BASIC ALLOWANCES FROM 208 TO 15% AT A COST TO THE REVENUE IN 1977-78 OF A MODEST DOLLARS 10 MILLION.

MACLEHOSE

FILES

HK & GD

COPIES TO:

HONG KONG GOVERNMENT OFFICE