what guarantee or further arrangements are you willing to offer us"
"What sort of compensation does Hong Kong want?"
An
"The compensation would be against any future devaluation of sterling which would mean a net loss in the value of Hong Kong's holdings. agreement perhaps to extend the Basle Facility which we have had for the last few years for shall we say a period of another six months or twelve months during which Hong Kong could diversify a further proportion of her assets".