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Classification and Caveats
SECRET
Z CZC
RS
2
GRS
.ASS
3 SECRET
AVEATS
4
SKBY
5 3001OOZ
AFCO
L'ADD
I. NO
¡
A
FM FCO 29143OZ DECEMBER~83
TO IMMEDIATE HONG KONG
TELEGRAM NUMBER
Precedence/Desk by
IMMEDIATE 30010OZ
FINANCIAL CONTINGENCY PLANNING
9
STRICTLY PERSONAL FOR GOVERNOR FROM CLIFT
10
11
1
12
since
13
Douglas Blye will of course have reported to you already on his discussions with the Treasury and Bank of England.
d
Treasury have been doing further thinking,
The
for
14 Littler has written to the PUS suggesting a number of matters 15 which should be given further consideration.
16 2.
were
Littler raises the possibility that, financial
17 conditions in Hong Kong to deteriorate seriously, for instance
18 a s a result of a turn for the worse in the talks, the
#
19 Hong Kong authorities might be drawn into considering more 20 extensive support operations for Hong Kong banks.
21
22
23
The Treasury
and the Bank of England are worried about possible contingent financial liability.
3.
The Treasury realise that the right course of action on any 24 particular case could well depend on circumstances. But in The Treasury 25 Littler's: view we should not simply await events.
are
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telegram
Catchword
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asking
File number
Dept
Distribution
HKD
Drafted by (Block capituls)
R D CLIFT
Telephone number
233 3184
Authorised for despatch
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Time of despatch