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THE GUARDIAN
cutting dated
11 0 JUL 10
19
Cha
Sufin
HK
Hongkong talks
Talks took place at the Treasury yesterday on the future of the £100 millions sterling balances held in Lendon by Hongkong.
A Treasury official would not comment on a report by the Far Eastern Economic Review, which said that a high-handed response to Hongkong's efforts to gain a renewal of the Basle guarantees protecting it against the losses caused by sterling devaluation would trigger off social unrest in the colony and cause "bankruptcy" to Britain.
A spokesman said that no decisions were made in the meeting.
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