M
3575
Mr Hoare Mr Hum
Mr C
Potio
476
лю
SECRET
25
Reference HKK 090/4
M.W.
@
Mr. Forsenter. Beim
RELIVED IN FLOREN met7 OCT 1983
Ра
Ox
INDL<
Ак HK Econoppple
HONG KONG ECONOMY AND RECENT HKG POLICY
W25
/ A
1.
You will wish to see Mr Hallett's useful minute of 29 September which amplifies Hong Kong telno 11 to Ottawa. Mr Clift may be particularly interested to see the side-lined paragraph.
2.
Mr Hallett's analysis points up that some of the corrective measures being contemplated by HKG might be difficult to enforce. Relevant in this context would be;
use
3.
(a) any proposal to prohibit the rate of foreign currency
in domestic transactions and;
(b) any attempt to penalise those borrowing Hong Kong dollars (for speculative purposes) on the security of foreign currency deposits.
Some of the other measures can be viewed only as short-term options (intervention of the Exchange Funda on a substantial scale) or as measures with a negative as well as positive aspect, (increased interest rates).
30 September 1983
They live).
السلام
C Priest (Mrs) Hong Kong Department
A helpful note which lashed BIDO produce for the benefit of some of us laymen.
Who 3110
CODE 18-77
SECRET