TOP SECRET I made, and that the proposed new policy would probably represent no loss to the United States in any case. Secretary Wilson exp: :ssed agreement with the President's view. The National Security Council: a. Discussed the proposed revision of paragraph 80 of NSC 5701, prepared by the NSC Planning Boand, and the Planning Board's justification for such revision (transmitted by the reference memorandum of July 31, 1957); in the light of the views of the Joint Chiefs of Staff (transmitted by the reference memorandum of Y . August 7, 1957). Adopted the revision of paragraph 80 of NSC 5701 referred to in a above. NOTE: 3. The action in b above, as approved by the President, subsequently circulated to all holders of NSC 5701. we b>. SIGNIFICANT WORLD DEVELOPMENTS AFFECTING U. S. SECURITY The National Security Council: Noted and discussed an oral briefing by the Acting Direc- tor of Central Intelligence on the subject, with specific reference to recent Soviet moves in the Communist world; the Omani rebellion; and political stability ‘in Iran. 4. U. 8. POLICY ON HONG KONG (HSC Action No. 250-b; Memo for NSC from Executive Secretary, subject: "Review of Current National Security Policies Adopted Prior to 1953", dated April 30, 1954; NSC 5429/5; NSC 5717; Memo for NSC from Acting Executive Secretary, subject: "U. 5. Policy on Hong Kong", dated August 5, 1957) Mr. Cutler briefed the Council on the important features of the proposed new policy with respect to Hong Kong (NSC 5717), in a REPRODUCED AT THE DWIGHT, D. EISENHOWER LIBRARY the course of which he noted that the Joint Chiefs of Staff had approved the proposed policy statement recommended by the NSC Planning Board. (A copy of Mr. Cutler's briefing note is filed in the min- utes of the meeting.) , The President inquired what so many Americans were doing in Hong Kong. Were they mostly Government personnel? Mr. Cutler replied that besides Government personnel there were a considerable -3- TOP SECRET AMEnett .