*
CONFIDEN..AL
REPRESENTATIVE GOVERNMENT
6. THE NUMBER OF REGISTERED VOTERS NOW STANDS AT OVER 1.3 MILLION. THERE ARE SLIGHT INDICATIONS THAT SOME POTENTIAL CANDIDATES MAY BE RELUCTANT TO STAND AGAINST PEOPLE ENJOYING OFFICIAL CHINESE SUPPORT. NEVERTHELESS, THE NUMBER AND CALIBRE OF CANDIDATES WHO EXPRESS A WILLINGNESS TO STAND IS FOR THE TIME BEING ENCOURAGING. THE COMMUN- ISTS ARE PRESSING AHEAD WITH THEIR OWN CAMPAIGN TO PERSUADE POTENTIAL
SUPPORTERS TO REGISTER FOR 1985 DISTRICT BOARD ELECTIONS.
7. PEOPLE ARE INCREASINGLY SAYING THAT THE MOST IMPORTANT THING ABOUT ANY PROPOSED CONSTITUTIONAL CHANGE IS WHETHER PEKING WILL
ACCEPT IT.
ECONOMIC INDICATORS
8. THE ECONOMIC INDICATORS REMAIN GOOD EXPORTS HAVE CONTINUED TO GROW, AND UNEMPLOYMENT AND INFLATION TO FALL. THE HONG KONG DOLLAR HAS RECENTLY BEEN UNDER SOME PRESSURE RESULTING FROM THE STRENGTH OF THE US DOLLAR, BUT APPEARS TO HAVE WEATHERED THIS. THERE ARE SOME SIGNS OF AN UPTURN AT THE LOWER LEVELS OF THE RESIDENTIAL PROPERTY MARKET. THERE ARE INDICATIONS THAT INVESTMENT IN PLANT AND MACHINERY MAY HAVE PICKED UP SLIGHTLY. MANUFACTURERS ARE GENERALLY OPTIMISTIC ABOUT BUSINESS PROSPECTS OVER THE NEXT FEW MONTH
S
(EXCEPT OF COURSE FOR THE GARMENT MANUFACTURERS AFFECTED BY RECENT US MOVES ON TEXTILE IMPORTS).
9. IN GENERAL THEREFORE THE COMMUNITY AS A WHOLE IS SURPRISING CALM AND REALISTIC GIVEN THE IMMENSE IMPORTANCE OF THE AGREEMENT SOON TO BE ANNOUNCED FOR THEIR OWN INDIVIDUAL FUTURES AND THE FUTURE OF HONG KONG AS A WHOLE.
BUCKINGHAM PALACE
YOUDE
FUTURE OF HONG KONG
COPIES TO:-
LIMITED
HD/HKD
HD/FED
HD/PLANNING STAFF
HD/PUSD
DEP HD/PUSD
RESEARCH D (MR WALKER)
LEGAL ADVISERS (SIR J FREELAND) PS
PS/LADY YOUNG
PS/MR LUCE
PS/PUS
SIR W HARDING
SIR C TICKELL
MR GOODALL
MR DEREK THOMAS MR. BOYD
PS/LORD PRESIDENT OF THE COUNCIL PS/HOME SECRETARY
PS/CHANCELLOR OF THE EXCHEQUER
PS/LORD PRIVY SEAL
PS/SECRETARY FOR TRADE & INDUSTRY
COPIES TO:- (VIA ADR)
MR ROBERTS NEWS DEPT
MR BICKFORD LEGAL ADVISERS MR FIFOOT LEGAL ADVISERS MR POWELL NO 10 DOWNING ST.
MR INGHAM NO 10 DOWNING ST. .
MR MARTIN ASSESSMENTS STAFF CABINET OFFIC
MR CARTLEDGE CABINET OFFICE
MR COLVIN
CABINET OFFICE
PS/S OF S FOR DEFENCE
PS/ATTORNEY GENERAL
SIR P CRADOCK ROOM K195
SIR P CRADOCK NO 10 DOWNING ST. SIRE YOUDE (ROOM KIA5A)
CONFIDENTIAL
No comments yet.
Private notes are available after approval.