HKK 5/38
Enter (23A 16 / +ii + +
COLONIAL SECRETARIAT
LOWER ALBERT ROAD
HONG KONG
6th December 1974
Mr. Hadden-Cave has asked me to write to you
about your letter to Derek Jones, dated 9th October 1974.
17.
While we do not wish to condone the business methods
Нарима
of WCCI outlined in your letter, from our point of view we believe that there may be an advantage in employing the Royal Mint to manufacture proof and specimen coins and a specialist organization to sell them. I should perhaps add that the Royal Mint have already agreed to take part in such an arrangement.
The point you make in paragraph 3 of your letter was taken into account at an early stage in our discussions with McGrath of WCCI and he has agreed in writing to offer a one year contract. We hope, therefore, to be in a much stronger position than other countries have been to ensure that the Hong Kong Government obtains a reasonable share of the profits as the market for proof coins develops.
C.S. 41A
Yau Suky,
خداحامد
(D.W.A. Blye)
Accountant General
A. C. Stuart, Esq., CPM,
Hong Kong & Indian Ocean Department,
Foreign and Commonwealth Office,
London, S. W. 1,
ENGLAND