TNAG-1242-FCO40-1555-Future-of-Hong-Kong-1983 — Page 164

CONFIDENTIAL

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movement of even a significant part of such a substantial sum (over Hong Kong $120 billion) would be extremely serious for the Hong Kong financial system and would almost certainly be accompanied by a run on the banking system by local depositors.

14 September 1983

P S BEETHAM-ROGERS

(Assess

Assessment Stuff,

Caburet office).

3

CONFIDENTIAL