Reference

when it was made clear to the Hong Kong authorities that it

HMG

was not possible for the UK Government to offer any special assistance to Hong Kong. At present the Hong Kong authorities

are considering their position in relation to their most immediate problem, that of their relationship with the

commercial banks. As all OSA countries, including Hong Kong,

are being

will very shortly be informed, the Chancellor has concluded

in the light of first round discussions that there is a majority view

general consensus in favour of deferring further consideration

of this question until next year, nearer the time when

decisions are necessary.

To...

DD 897152 154596 500M 2/72 GM 3643:2

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