TNAG-1641-FCO40-2288-Budget-of-Hong-Kong-1987 — Page 4

Thanks

RESTRICTED

Amazing figuris. Lucky Honghay

Minista

Kary.

10017241)

Mr Layden KD

R

FROM: A M Layden, HKD

DATE:

17 March 1987

the hect

P/Mr Renton

\ cc:

Mr Gillmore

Sir D Wilson

По при

HONG KONG: BUDGET 1987/88

1.

The Economic

Advisers

have prepared

a useful

analysis of the budget. I submit a copy of this analysis

which Mr Renton may be interested to see.

2.

Although Economic Advisers rightly make a number of

cautionary points about Mr Jacobs first budget, it remains

an impressive record of a prosperous and expanding economy.

A M Layden

17 March 1987

Hong Kong Department

AT PAPER

RESTRICTED