File No.ME...9/393/1..
FRD
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OUTWARD
Security Classification CONFIDENTIAL
Precedence ROUTINE
Department
Drafted by
(Block Capitals)
D I LEWTY
TELEGRAM
G 206
Tel. Extn..
DESKBY
FOR
COMMS. DEPT.
(Date)
Despatched
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USE
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PREAMBLE
(Time of Origin}
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CONFIDENTIAL
(Restrictive Prefix)................ (Caveat
(Security Class. }
Privacy Marking)............
[Codeword)
ORWELL
(Deskby)..............
ROUTINE
TO..........
(precedence)
HONG KONG
(post)
Tel. No.
of.
AND TO (precedence/post)...
AND SAVING TO...........
REPEATED TO (for info)..
SAVING TO (for info)....
..Z
...Z
i
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tribution:-
ORWELL
-144
나나
FRD
HKIOD
pies to:-
[TEXT]
YOUR TEL NO 594:
STERLING GUARANTEE
1. We regret that misunderstanding persists about
the provision relating to accidental breaches.
2. Part of the problem seems to derive from your
view that HMG has sought to restrict the application
of the term accidental breach contained in para 2 of our Tel No 1209 of 26 November 1973 (described
in what follows as the November formula).
there has been no intention on our part to restrict it
In fact,
in any way.
3. You suggest in para 5 of your telegram that
the November formula would have accommodated
any breach (not involving a deliberate reduction in sterling holdings) which resulted from a fall
/in