13. THESE MEASURES ARE DESIGNED TO STABILIZE THE EXCHANGE VALUE OF THE HONG KONG DOLLAR, AND THUS TO PROVIDE A CLIMATE FOR GROWING PROSPERITY WITH RESTRAINED INFLATION. THE GOVERNMENT HAS CONFIDENCE IN THE STABILISED EXCHANGE RATE. SO CAN THE PEOPLE OF HONG KONG. LET US NOW GET ON WITH OUR BUSINESS''.
STATEMENT ENDS.
YOUDE
MONETARY
HKD
ERD
FED NEWS D
Ps
PS/ LADY YOUNG
PS/ MR LUCE
SIR J BULLARD
MR WRIGHT
MR GIFFARD
MR DONALD
CABINET OFFICE
COPIES TO
SIRI SINCLAIR
MR BURROWS,
SIR A PARSONS.
MR COLES
LEC
ADVISERS
NO IODST
MR WALKER, RES D, DAB.
BANK OF ENGLAND.
3