HKK 10017.
REELED IN REGI Y NO. 51
20 OCT 1983
REMETRY
DESK OFFICER
INDEX
PA
Action Taken
#6F0057/17--
0000
00.PEKING
PEYING
87
•
ху
1027/17
нко
GR 80
CONFIDENTIAL
FM HONG KONG 170952Z OCT 83
TO IMMEDIATE FCO
TELEGRAM NUMBER 1539 OF 17 OCTOBER
INFO IMMEDIATE PEKING (PERSONAL FOR AMBASSADOR)
PERSONAL FOR CLIFT (HONG KONG DEPT) FROM GOVERNOR
EXCHANGE STABILISATION SCHEME
1. THE NEW SCHEME WAS WELL RECEIVED BY THE PRESS OVER THE WEEKEND. IT WILL TAKE A FEW DAYS FOR THE MARKET TO SETTLE DOWN BUT TODAY WAS NOT BAD. THE CLOSING RATE WAS HK DOLLARS 7.960 AND STERLING 11.94 TO 12.02. THE HANG SENG INDEX WAS UP 33.04 POINTS TO CLOSE AT 771.53.
2. WE WILL SEND A FURTHER REPORT TOMORROW.
YOUDE
NNNN