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Mr Wright

PS to PUS

STERLING AGREEMENTS

CONFIDENTIAL

9/2

پر سلام

41B

M: Stuart $1 spk

1. The week before last I wrote a "ginger" letter to Mr Fogarty

in the Treasury about the need to get on with contacts with

Sterling Area countries on the Agreements which are due to expire

towards the end of September. The immediate outcome of this

letter was the Guidance to posts which we felt to be necessary.

2. I have now received a very useful letter from the Treasury

which faces up to what has to be done. It is a good deal. 1

propose to send a considered reply to the Treasury later as soon

as we have discussed it among ourselves. In the meantime, I have

sent an immediate acknowledgement referring to the need to make

a submission to the Secretary of State on the position in general,

perhaps with particular reference to Hong Kong.

6 July 1973

cc:

Mr Holland

-Mr Wilford/Mr Stuart (HKIOD)

Miss Pestell (FRD)

CONFIDENTIAL

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PHR Marshall

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