TNAG-2247-FCO40-3230-Business-interests-in-Hong-Kong-Cable-&-Wireless-1991 — Page 197

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Reference

stake) and the Guangdong Posts and Telecommunications Bureau (1%). It represents one of Britain's biggest investments in Hong Kong; the territory accounts for half of the world wide profits of Cable & Wireless group, though it is the group's policy to reduce this proportion over time.

ALAN MURRAY