TNAG-2473-FCO40-3600-Asian-Development-Bank-liabilities-of-Hong-Kong-1992 — Page 41

File No.

Drafted by→→ Typed by- Date-

DRAFT

CONFIDENTIAL

Page.

10

continue to enjoy

a high degree

of autonomy in managing its own

affairs;

retain control of its monetary

and fiscal policies;

retain its Own currency, freely

convertible and

without exchange

controls:

retain free movement of capital;

and

have an independent taxation

system; an independent judiciary;

and a fully elected legislature.

17.

separate

Hong Kong will also continue its

participation in

some

27

organisations, including the

international

GATT and, of course, the Asian Development

Bank.

18.

These are the

constitutional

foundations

for Hong

Kong's future

success.

It

is these foundations which

CONFIDENTIAL

1