TNAG-1249-FCO40-1563-Press-reports-on-the-future-of-Hong-Kong-1983 — Page 97

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5. MOST HNDEPENDENT PAPERS QUOTED SENIOR UNOFFICAL MEMBER SIP S Y CHUNG'S REMARKS YESTERDAY THAT AT LEAST 80 PER CENT OF LETTERS TO UMELCO ON THE FUTURE OF HONG KONG WERE IN SUPPORT OF THE RETENTION OF THE STATUS QUO. THE REPORTS INCLUDED HIS ASSERTION THAT QUOTE : FAIRLY ACCURATELY REFLECT THE PEOPLE'S VIEW UNQUOTE.

6. AN ARTICLE BY PHILIP BOWRING IN THE LATEST (27 OCTOBER) EDITHON OF THE FAR EASTERN ECONOMIC REWEW HIT OUT AT THE BANK OF CHINA'S LUKEWARM REACTION TO THE FINANCIAL SECRETARY'S ANNOUNCEMENT OF MEASURES TO STABILISE THE EXCHANGE RATE OF THE HONG KONG DOLLAR. BOWRING ARGUED THAT THE BANK OF CHINA WAS IN THE HANDS OF POLITICALLY MOTIVATED CADRES WHO FAILED TO UNDERSTAND THAT SO-CALLED SPECULATION AND THE FREE MARKET WERE INSEPARABLE. CLEARLY, HONG KONG COULD NOT EXAST IN ITS PRESENT FORM 4F SUCH PEOPLE HAD MUCH TO DO WITH THE RUNNING OF T.

HADDON-CAVE

FUTURE OF HONG KONG

COPIES TO

LIMITED

SIR IAN SINCLAIR

MR BURROWS

HKD

HD/FED

MR ROBERTS

HD/PLANNING STAFF

MR MARTIN

HD/PUSD

PS

PS/LADY YOUNG

PS/MR LUCE

PS/PUS

SIR J BUILLARD

MR GIFFARD

MR DONALD

MR WRIGHT

MR FLOWER

MR COLES

SIR A PARSONS

LEGAL ADVISER

LEGAL ADVISER

NEWS D

ASSESSMENTS STAFF

CABINET OFFICE

PUSD

NO 10 DOWNING STREET

NO 10 DOWNING STREET

MR WAIKER RESEARCH D OAB 2/82

MR GOODALL, CABINET OFFICE

SIR PHILIP MOORE, BUCKINGHAM PALACE

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