CONFIDENT IAL

2

5.

It is worth noting that the Treasury were informed

last November that the Governor was likely to favour

Mr. Haddon-Cave over Mr. Fogarty and did not demur. (They

mi

sent Mr. Fogarty round to see him about his chances but told

him first that they were not likely to be high).

Informal

and strictly confidential consultations with the senior

member of the Bank of England most concerned with Hong Kong

was emphatic that Mr. Haddon-Cave was the better man (Flag E).

6.

If Lord Shepherd agrees therefore, I propose to

endorse the Governor's proposal that

(a)

Mr. Haddon- Cave should be earmarked for

the succession to Sir John Cowperthwaite

(b)

we should aim to announce this in the

autumn and

(c)

in the meantime make arrangements with the

Treasury and Bank of England for his being

attached to those two bodies to strengthen his

knowledge of the monetary field.

шыбрали

(L. Monson)

17 February, 1970.

CONFIDENT IAL

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