TNAG-2103-FCO40-2995-Future-of-Hong-Kong-exchanges-with-the-Chinese-on-the-Basic--1990 — Page 21

Article 106

CONFIDENTIAL

Handed over by Sir A. Donald to Chen Ziying on 15 March 1990

Suggest to amend to read:

"The HKSAR shall on its Own deal with financial

matters, including disposing of its financial resources and

drawing up its budgets and its final accounts.

upon its financial policies, the

In deciding

HKSAR shall take account

of the desirability of balancing expenditure and

over

a

revenues

the practice of previous period of years and of

years of relating the growth of expenditure to the growth

of the gross domestic product. The HKSAR shall report its

and final accounts to the budgets

Government for the record through the Chief Executive."

Central People's

CONFIDENTIAL