CONFIDENTIAL
look at these problems in a gobal context.
6.
Although Hong Kong were among the Governments
anxious to conclude a new agreement the balance of the
CFM were in favour of leaving things as they are until
next year when, if as is expected sterling has then been
refixed, the situation should be somewhat clearer.
This decision has been communicated formally by the
Chancellor to Commonwealth Governments including the
Governor, Hong Kong. Deliberately nothing was said about
compensation.
COMEDENTIAL
NOTHING TO BE WRITTEN IN THIS MARGIN