CODE 18-77

Mr Duffy, HKD

Reference......

Rer

MFA:

1.

LETTER TO GOVERNOR

I attach a draft letter from Mr Murray to the Governor.

2. I have not attempted to spell out in the letter the meaning of technical terms such as "cumulative market disruption". The Governor will be aware of what these mean. I should be happy to come and talk about anything which needs further explanation to anyone on your side of the house.

RECO

10 May 1977

REC

*

11 MAY 1977

HKK 121 6.6

JA Stern

European Integration Department

(External)

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