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4. AT THE CLOSE OF TRADING IN HONG KONG TODAY THE HONG KONG DOLLAR STOOD AT 8.10 AGAINST THE US DOLLAR AND 12.17 AGAINST THE POUND.
5. AS REGARDS THE OTHER CHARGES MADE BY THE COMMUNIST PRESS IN REACTING TO THE PM'S COMMENTS TO U.S. JOURNALISTS, THE MAIN POINT TO MAKE IS THAT ALL TAXES LEVIED IN HONG KONG, AND ALL OTHER REVENUES RAISED BY THE HONG KONG GOVERNMENT ARE USED IN HONG KONG FOR THE BENEFIT OF THE PEOPLE OF HONG KONG. THE BRITISH GOVERNMENT TAKES NO REVENUE FROM THE TERRITORY. NOR DO BRITISH FIRMS AND BUSINESSMEN ENJOY ANY SPECIAL STATUS IN HONG KONG. THEY COMPETE ON EQUAL TERMS WITH LOCAL AND OTHER OVERSEAS BUSINESSMEN HIN WHAT IS PROBABLY THE MOST OPEN MARKET IN THE WORLD.
YOUDE
FUTURE OF HONG KONG
COPIES TO
LIMITED
HD/HKD
STR IAN SINCLAIR
MR BURROWS
HD/FED
MR ROBERTS
HD/PLANNING STAFF
MR MARTIN
HD/PUSD
PS
PS/LADY YOUNG
PS/MR LUCE
PS/PUS
SIR J BULLARD
MR GIFFARD
MR DONALD MR WRIGHT
MR FLOWER
MR COLES
SIR A PARSONS
MR WALKER
LEGAL ADVISER
LEGAL ADVISER
NEWS D
ASSESSMENTS STAFF
CABINET OFFICE
FUSD
NO 10 DOWNING STREET
NO 10 DOWNING STREMET RESEARCH D OAB 2/82
2
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