CONFIDENTIAL
AT A TIME WHEN ECONOMIC AND INDUSTRIAL CONDITIONS IN HONG KONG
ARE FACING UP TO INCREASING COMPETITION FROOM OTHER COUNTRIES IN
ASIA, WE CAN ILL OFFORD TO SUFFER ANY FURTHER LOSS ON OUR STERLING
RESERVES IN LONDON.
THE CIVIC ASSOCIATION THEREFORE RESPECTFULLY REQUESTS YOUR
EXCELLENCY TO BRING OUR VIEWS TO THE ATTENTION OF THE FOREIGN AND
COMMONWEALTH OFFICE IN LONDON AND OTHER CONCERNED PARTIES UNQUOTE.
4. FCO PASS COPY TO HONG KONG GOVERNMENT OFFICE LONDON FOR
HADDON-CAVE.
NO RMAN-WALKER
ORWELL DISTRIBUTION:
FRD HKIOD
- 3 3-
G
CONFIDENTIAL