GRS 130

MMEDIATE

RES

•CONFIDENTIAL

CYPHER/CAT A

REST

16 DEC 1974

FM FCO 131845Z

CONFIDENTIAL

TO IMMEDIATE HONG KONG TELNO 1097 OF 13 DECEMBER 1974

YOUR TELNO 1252:

1.

COMMEMORATIVE GOLD COIN

QUESTION TURNS ON WHETHER OR NOT REFERENCE IN ARTICLE 3(1) OF HONG KONG (COINAGE) ORDER 1936 TO

CAN BE HELD TO COVER 22-CARAT GOLD. ON THIS POINT AND CANNOT LET YOU HAVE

OTHER MIXED METAL'’

WE MUST TAKE LEGAL ADVICE

A DEFINITIVE REPLY TODAY.

2. AN ADDITIONAL PROBLEM COULD ARISE FROM HUNDRED-DOLLAR LIMITATION ON VALUE OF COIN IN ARTICLE 4(1): THIS IS FAR LESS THAN ACTUAL VALUE OF COIN WOULD BE. GRATEFUL THEREFORE

FOR INDICATION OF HOW YOU WOULD INTEND TO GET ROUND THIS PROBLEM.

3.

SUBJECT TO CLARIFICATION ON THIS POINT AND LEGAL POSITION,

MWE SEE NO OTHER OBJECTIONS TO YOUR PROPOSAL.

CALLAGHAN

FILES.

HKLOD.

FRD.

LEGAL ADVISERS

MR MALE

MA MARSHALL

SIR D. MAITLAND.

CONFIDENTIAL

PS.

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