FW
· CONFIDENTIAL
COCO
(actual compensation)
(9,795,000 )
As recommended by Bank
354,000
Bank recommendation corrected for 10%
394,000
(9,755,000)
deduction
Additions to end-
February holdings
limited to end-
February deficiency
(and 10% deduction
corrected)
475,000
(9,675,000)
F.K. JONES
9 July 1974
To
follow paragrash 2
There is also a reference to $13m as the MSH in a Memorandum for executive Council discussed on 11 December, (We made no mention of the misunderstanding in FCO telegram No. 12/1 of 12 December expressing pleasure that EXCO had Accepted the recommendations that Hong Kong should participate in the guarantee arrangements)
CONFIDENTI AL