REPRESENTATIVES TO DO SOME FORCEFUL TALKING BACK IN THE COMING
WEEK AND 'PRESS WITH DETERMINATION' DEMANDS FOR HONG KONG TO DECIDE
FOR ITSELF HOW TO DISPOSE OF ITS HOLDINGS AND TO BE GIVEN GREATER
MEASURE OF PROTECTION FOR THAT PROPORTION OF RESERVES THAT ARE
RETAINED IN STERLING.
1...
'STAR' IN EDITORIAL UNDER HEADLINE 'TRICKY TONY' QUESTIONS
WHETHER HADDON-CAVE IS RIGHT IN DENYING THAT EXTENSION DECISION
WAS 'FAIT ACCOMPLI' OR IN POSITION. EDITORIAL SUGGESTS THAT
DELAYING DECISION UNTIL HADDON-CAVE WAS ON ROUTE BACK TO HONG KONG
WAS A DELIBERATE TRICK TO BRUSH OFF HONG KONG'S DEMANDS. IT
WOUNDERS WHERE HONG KONG COULD GET IN ARGUING BACK IF NEW ZEALAND
AND OTHER STERLING HOLDERS ACCEPT THE BRITISH DECISION AND ALLEGES
THAT IN ORDER TO 'SAVE THEIR OWN POLITICAL NECKS AND THEIR STERLING ASSETS' THESE OTHER HOLDERS ARE 'JUST AS LIKELY AS BRITAIN TO WANT
TO USE HONG KONG AS A PROP FOR BRITAIN',
*
?
#
CHINA MAIL IN FRONT PAGE STORY SURMISES THAT THERE IS A SERIOUS RIFT DEVELOPING BETWEEN HADDON-CAVE AND BRITISH TREASURY OFFICIALS.
ATTEMPTING TO READ BETWEEN THE LINES OF HADDON-CAVES STATEMENT AND RECENT DEVELOPMENTS IT CONCLUDES THAT HE HAS AGAIN BEEN SNUBBED'.
REPORT CONCLUDES THAT THE 'CHRONIC STATE OF BRITAINS ECONOMY
IS OF LITTLE CONSOLATION TO HONG KONG FACING SERIOUS LOSSES OF
RESERVES BECAUSE OF WEAKNESS OF STERLING'.
2.
/FOUR OUT
OF