(17259) Dd.897459 250m 12/72 G.W.B.Ltd. Gp.863 (16941) Dd.897300 250m 9/72 G.W.B.Ltd. Gp.863

NOTHING TO BE WRITTEN IN THIS MARGIN

Registry

SECURITY CLASSIFICATION

Top Secret.

Secret.

Confidential.

Restricted.

PRIVACY MARKING

-In Confidence

DRAFT

To:-

(For

SPEAKING

NOTE

Type 1 +

FROM

outside

Telephone No. Ext.

discussion

La main

meeting)

Department

Flus

Uniel

includes

Comments

FRD.

by

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

(on the Stacking Agreements) offer being preju ice 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.

Mr.

9.

SECRET

(3001) Dd.145244 400m 8/73 L.Ltd. Gp.839

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