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As to the possibility of tko re-establisksănt- the previous! sterling link when a new fixed parity for sterling is introduced, wa recommend that this question should be given careful consideration- before any decision is taken. The structure of the Hong Kong economy suggests that motiring would be gained from such a change.

suggoata-that-Toʻtiring

Again 'you will want to excoming this in the light of your interests

and of all that has happened since stering Storted.

5 We

accept that

for

you to take these decisions if the

nature of 'th

array iments to

follows the expiry

of the Starting

already.

Agreement

were k

known.

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the position

still as described in the third paragraph of

of 16 Felmay, t

med whe

Please behere keere's

to you,

Will let you

know as doon

there is any change.

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