TNAG-1590-FCO40-2175-Appointment-of-Sir-David-Wilson-as-new-Governor-of-Hong-Kong-1987 — Page 46

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(11) FOR 1985-86 A SURPLUS OF DOLLARS 1.4 BILLION WAS RECORDED. A SURPLUS OF DOLLARS 348 MILLION WAS FORECAST FOR THE 1986-87

BEDGET. INDICATIONS ARE THAT THE SURPLUS MIGHT BE GREATER THAN

ORIGINALLY ESTIMATED.

(E) THE NUMBER OF ADDITIONAL FOREIGN BANKS GRANTED LICENCES IN 1986 SHOULD BE ELEVEN, NOT TEN AS MENTIONED IN MY PREVIOUS TELEGRAM.

AKERS-JONES.

YYYY

HMLNAN 7209

LIMITED

HKD MR. WILSON

2

CONFIDENTIAL