TNAG-2256-FCO40-3240-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-gene-1991 — Page 48

Redacted Under FOI

Exemption Sec 27(1)(a)(c)(d)

SECRET

32B

0137

MDHIA.. 90%

CONTINUE TO BE TO CONTROL PUBLIC EXPENDITURE SO THAT, OVER A PERIOD OF YEARS, THE GROWTH RATE IN GDP AND THE GROWTH RATE IN PUBLIC EXPENDITURE WILL REMAIN CLOSE TOGETHER. BUT I OBVIOUSLY CANNOT GIVE ANY SPECIFIC ASSURANCE ON TAXATION.

15.

MARCH.

16.

11

-

THE APPROACH ABOVE IS IN LINE WITH DISCUSSION IN EXCO ON 19

SEE MIFT FOR COMMENT ON THE SUM TO BE EARMARKED (PARAGRAPHS

13 ABOVE).

WILSON

YYYY

MAIN

7

NO DISTRIBUTION

HD/HKD

HD/FED

PS

NNNN

DISTRIBUTION

7

PS/LORD CAITHNESS

PS/PUS

SIR J COLES

MR BURNS

PAGE

SECRET

4