TNAG-1624-FCO40-2238-Relations-between-Hong-Kong-and-China-1987 — Page 141

布政司署

香港下亞厘畢道

CONFIDENTIAL

本署檔號 Our Ref.:

PA CR 1/1916/82 SF'A'

來函檔號 Your Ref:

Hib 020/1

R Footman Esq

Hong Kong Department

FCO

Dear Robert,

-

191

GOVERNMENT SECRETARIAT

LOWER ALBERT ROAD HONG KONG

Mr Footman Copied to Simon grey

Thanks. I suggest labinet frie

Assessment shift,

you telephone 2 October 1987

Mr Paul John Halton (Cabinet Alice) 14/0

abourx)

You may be intinsted in W‰%

the first pazar attached, and the summary of the second paper.

2. Do you think the Wabinet ofhie would

wish to see the first paar (x below

China Relations Committee

mass? N

It has been the practice in the past for me to forward 710 to Hong Kong Department the economic reports discussed by the China Relations Committee, which are produced by the Economic Analysis Division of Economic Services Branch and fed through the China Economic Committee. See, for example, my letter

of 16 July to Richard Lavers.

I am happy to enclose the latest two reports discussed by the CRC on 2 October. They are:

Developments in Hong Kong China Economic Relations, second quarter of 1987; and

China's foreign exchange control and its external sector balance.

As usual, any comments which you or copy addressees have are welcome direct to Economic Services Branch, with a copy to

me.

I also enclose copy of a memo and related paper, also produced by EAD (but not yet discussed at the CRC), on Hong Kong's contribution to China's foreign exchange earnings. You may wish to consider whether it would also be worth passing a copy of this paper to the Cabinet Office.

Yours ever, this

(C T Wood)

Assistant Political Adviser I

cc Dr P G Wood, Peking

R Fletcher-Cooke Esq, FED, FCO

N Hallett Esq, Economic Advisers, FCO R Holloway Esq, CMG, BTC, Hong Kong DS (ES) 2 - w/out enclosures

CONFIDENTIAL