HKK

10017

20 CLT 183

47 See (98

GRS 120

CONFIDENT-KAL

CONFIDENTIAL

AMENDED DISTRIBUTION 7.10.83

FM HONG KONG 060900Z OCT 83

TO PRIORITY F C O

TELEGRAM NUMBER 1434 OF 6 OCTOBER.

PLEASE PASS TO BANK OF ENGLAND.

TO GOVERNOR, BANK OF ENGLAND FROM FINANCIAL SECRETARY, HONG KONG,

I AM MOST GRATEFUL TO YOU FOR HAVING AGREED TO CHARLES GOODHART COMING OUT HERE THIS WEEK TO ASSESS OUR EXCHANGE RATE OPTIONS. THE ADVICE WHICH HE AND PERETZ HAVE OFFERED HAS BEEN INVALUABLE.

2. AS YOU MAY BE AWARE, WE ARE CONCERNED TO HAVE SUFFICIENT, EXPERIENCED PERSONNNEL ON HAND TO COPE WITH THE TRANSIT-ON TO THE NEW SCHEME, SHOULD THE DECISION BE TAKEN NEXT WEEK TO PROCEED. IM UNDERSTAND THAT GOODHART HAS SPOKEN ABOUT THIS TO DAVID HOLLAND, WHO HAS INTIMATED THAT PETER ALLSOPP COULD POSSIBLY BE MADE AVAILABLE FOR THREE WEEKS FROM THIS WEEKEND.

ALLSOPP WOULD BE DEAL FROM OUR POINT OF VIEW, AND IN WOULD THEREFORE BE GREATLY INDEBTED TO YOU IF YOU COULD MANAGE TO RELEASE HIM FOR THIS PERHOD.

HADDON-CAVE

MINIMAL

HD/HKD (1)

HDIERD (MRAPPLEYARD)

ՐՏ,

PS/MRLUCE

PS I PUS MRG IFFARD MREVANS MR DONALD

COPIES то

GOVERNOR, BANK OF ENGLAND PS/CHANCELLOR

TARY

PS ECONOMIC SECRETARY PERMANENT SECRETARY SIRT BURNS

MR LITTLER

MRIN WIN

MR LAVELLE

CONFIDENTIAL

TREASURY

Share This Page