FATA-FERUNT
RESTRICTED AND PERSONAL
Telephone 2-2587
Deputy Governor's Office
Government House, Bermuda
620
Your ref. HKG 102/1
Our ref. DGO 5/15
WE Quantrill Esq
Hong Kong and General Department Foreign and Commonwealth Office
Dear Quantrill,
8 June, 1978
LATE WIA) Jill, whis
See 23
ISSUE OF NUMISMATIC COINS IN THE DEPENDENT TERRITORIES
mvi
R. BU for abra,
RW
The Governor has asked me to write in reply to your letter of 22 May on this subject.
2.
As you may know, he has, in local circumstances, no powers to determine what issues shall be made: the Government and the Monetary Authority are responsible for taking all the necessary decisions.
1%%%
3.
He might, of course, be able to influence them, by making some of the points made in your letter and in the enclosure to it. But as these were marked "Personal" we can only presume that you would prefer us not to pass on their contents which effectively precludes the exercise of influence.
4. In any case, exercising it hardly seems likely to be neccesary here: Bermuda's financial position is so strong, and those concerned are so well able to judge what is reasonable in a matter of this kind, that advice would be superfluous. Moreover the Monetary Authority have Bank of England staff on secondment, to manage their affairs, who must be presumed to be advising them already.
yours ever, Peter Lond ногд
G P Lloyd
Deputy Governor
RESTRICTED AND PERSONAL
thka 102/1
RECEIVEDSTRY NO. 51 13 JUN 1978
DESK OFFICER INDEX
PA
No.ny22
Nv. Pny zz
: REGISTRY
Action Taken
во