SECRET
SPEAKING NOTE
(For discussion outside the main meeting.)
1.
REFORM AND FINANCIAL MANAGEMENT AND INSTITUTIONS IN HONG KONG
Although HMG continue to attach importance to the need
for reform of the monetary institutions in Hong Kong, the
Minister should do no more than remind the Governor of this
if a suitable opportunity arises. We would not wish to risk
Hong Kong's consideration of our general offer (on the Sterling
Agreements) being prejudiced by Hong Kong's sensitivity on
the reform question being upset.
2. It will be for consideration when and how the question
of reform might best be followed up substantively.
SECRET
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