1.
11
RESTRICTED
KONG. IT SAID THAT UNCERTAINTY OVER THE FUTURE AND SPECULATION WERE THE MAJOR FACTORS CONTRIBUTING TO THE DECLINE OF THE HONG KONG DOLLAR. THE EDITORIAL CALLED FOR (UNSPECIFIED) CONCRETE ACTION BY THE CHINESE AND BRITISH GOVERNMENTS.
5. THE PRO-KMT, KUNG SHEUNG DAILY NEWS WARNED THAT CHINA WOULD SUFFER GREAT LOSSES THROUGH THE SUSTAINED WEAKNESS OF THE HONG KONG DOLLAR. THE PAPER HELD THAT PEKING SHOULD TAKE ACTION TO STABILISE THE LOCAL UNIT.
YOUDE
THIS TELEGRAM WAS NOT
ADVANCED
FUTURE OF HONG KÓNG
HEMELIMIN
HD/HKD FD/FED
ED/PLANNING STAFF
HD/PUSD
PS
PS/ME HURD
PS/LORD BELSTEAD
PS/FUS
STR J BULLARD
MR GIFFÅRD
MR DONALD
MAWRIGHT
2
COPIES TO
SIR I SINCLAIR LEGAL ADVISEER MR BURROWS LEGAL ADVISERS
MR ROBERTS
MR MARTIN
MR FLOWER
NEWS D
ASSESSMENTS STAFF CABINET OFFICE
PUSD
MR COLES NO 10 DOWNING ST.
SIR A PARSONS
NO 10 DOWNING ST.
RESTRICTED HONG KONG GOVT OFFICE, LONDON