TNAG-2470-FCO40-3594-Budget-of-Hong-Kong-1992 — Page 14

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FilCONFIDENTIAL CU

3

5.

As

result, the CPG will be able to take some

credit for having induced HKG to make bigger concessions to

Nevertheless, the CPG's real goals are:

ordinary people.

(a)

To maximise continuity of Budget policy and

minimise changes prior to 1997;

particular,

in

(b)

!

To prevent HKG from "over-spending";

and

(c)

То exert a restraining influence over HKG by

Lu

invoking

the Basic Law hence, Ping's reference

し

to the Basic Law.

ANALYSIS

6.

Luo's analysis brought nothing new to the usual

deep suspicions of HKG motives

thinking.

which inspire

much CPG

The main point of interest is the clear

indication that the CPG is worried about the SARG's ability

to achieve

record.

G.F

82

economic

and

financial

CONFIDENTIAL

growth to match HKG's