TNAG-0761-FCO40-965-Budget-of-Hong-Kong--1978-1979-1978 — Page 61

SECRET

116

H+K 100/2

21 FFB 1978

DESK OFFI

INDEX

Draft to issue

مرها

Jas

Mr Stewart HKGD

No

HONG KONG: BUDGET 1978/9

Lord Goronwy-Roberts has seen your submission of 14 February and has commented as follows:

1.

"Defensible but not inspiring. No significant

redistribution:

even the application to banks

of the taxation in interest is more than counter balanced in the long term by the abolition of stamp duty. I agree the two drafts."

20 February 1978

C.C.

Mr Murray

Mr Cortazzi

Mr M Stewart

Mr Hurst

Mr Smith (SEA)

SECRET

Mata Joven

JL Jones

P/Lord Goronwy-Roberts