UNCLASSIFIED
143403
MDLIAN 9718
INCREASE IN DUTY WAS IN LINE WITH INFLATION. SWIRE BOTTLERS HAVE SAID WHOLESALE PRICES OF SOFT DRINKS WILL BE REDUCED. THE BUS COMPANIES ARE PLEASED WITH THE EXEMPTION FROM DUTY ON DIESEL OIL.
5. OVERALL REACTIONS HAVE BEEN FAVOURABLE. THE SOUTH CHINA MORNING
POST HEADLINE IS 'MACLEOD PITCHES AT THE MEN IN THE STREET' WHILST
THE STANDARD HEADS ITS COVERAGE 'THE STAY SAFE BUDGET OF THE TOUGH WEE SCOTSMAN'.
HEAP
YYYY
MAIN
56
DISTRIBUTION
59
.HONG KONG AGREEMENT
.(RESTRICTED)
HKD
PUSD
FED//HD
LEGAL ADVISERS//MS BARRETT
.AND MS BROOKS.
NEWS D
PLANNERS
RAD
PS/LORD CAITHNESS
PS/MR LENNOX-BOYD
SIR J COLES
MR BURNS
ADDITIONAL
3
ECON ADVISERS//MR BROADBENT HMT//MR MCINTYRE
BANK OF ENGLAND//MR ELSTON
NNNN
2
PAGE
UNCLASSIFIED
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