CONFIDENTIAL
when all major issues dealt with in the Green Paper have been
addressed.
N (Exodus of middle management personnel from the financial and
commercial sector because of failure to move ahead quickly with democratic government)
To be expected that some people will elect to leave Hong Kong. It has always been a transient society. But some will return and many will remain. Do not believe pace of development of representative government a particularly significant factor in their
decision.
CONFIDENTIAL
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