TNAG-1137-FCO40-1417-Hong-Kong-annual-review-for-1981-1982 — Page 8

CONFIDENTIAL

FOR

HONG KONG: ANNUAL REVIEW/1981

18 February 1982

SUMMARY

Bold / Economic

A better year than expected, with exports increasing and real wages rising (paragraphs 2 and 3).

2. Inflation, and the money 'supply (paragraph 4).

3.

Easing of the property boom (paragraph 5).

Sota/ Protectionism

ん。

Negotiation of bilateral agreements

with the US and EEC the biggest single

problem of 1982 with potentially serious

implications for UK/AK relations (paragraph 7).

Bold/ United Kingdom/Hong Kong bilateral

5. The relationship healthy inspite, of

some jolts (paragraph 8).

6. University fees (paragraph 9).

4. The Nationality Bill; the outstanding

question of description in passports and on immigration forms (paragraph 10).

Bold/Hong Kong Domestic.

8. Sound budgetary position and progress Capl

with government programmes (paragraph 11). 9. Uncounted illegal immigrants (aragraph 12(a)).

10.

Difficulty of absorbing ex-illegal immigrants (paragraph 12(b)).

CONFIDENTIAL

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