CONE AD
C W Fogarty Esq CB
HM Treasury
Great George Street LONDON SW 1
Foreign and Commonwealth Office
London S.W.1
6 July 1973
Dear
Christophy,
HONG KONG:
BANKING REFORM
I have received a copy of Stanley Payton's letter to you of 3 July, covering a paper on this subject. We welcome this paper, which seems to me to raise a number of issues which are important and which will require very careful handling. Moreover, they are issues which have a bearing on the separate, but clearly related, problems arising from whatever may be decided on the Sterling Agreement. We would be glad to participate in the discussions which Stanley Payton has suggested.
I copy to Stanley Payton.
Yam
Dant
D G Holland
Silent copies to:
Mr Marshall Mr Stuart
Miss Pestell
CONFIDENTIAL
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