Sterling Reserves
Question: Do you think that sterling will be dealt a further blow
if Hong Kong diversifies our sterling reserves?
Minister: No, I don't think so. You are free to place your
You are
balances wherever you think fit. You have decided, like
a great many other countries, that London is the best and
most rewarding place to place, both on the question of
reward, the question of durability and safety. advised to do so, but the decision is for you.
very confident about the future of the United Kingdom, both on the question of reserves, balance of payment, and every other economic factor.
I am
*****
19.