DWF F 027/10
LIM 169/10
00 FCO
DO HỒNG KÔNG
GRS 160
SECRET
DEDIP
FROM PEKING 10120OZ JUL 84
TO IMMEDIATE FCO
TELEGRAM NUMBER 1359 OF 10 JUL
INFO IMMEDIATE HONG KONG
IMMEDIATE
но/нко
NO DISTRIBUTION
FOLLOWING STRICTLY FOR CLIFT HONG KONG DEPT. FROM GOVERNOR
YOUR TELNO 1257
1.
I AM AFRAID I WAS DISTURBED RATHER THAN REASSURED TO SEE THE DISTRIBUTION GIVEN TO MY TELNO 1972. I HAD UNDERSTOOD
THAT ALL MY FINANCIAL TELEGRAMS WOULD BE SEEN ONLY BY A
VERY SMALL GROUP OF NAMED OFFICIALS (IN HONG KONG THIS EXCHANGE
OF TELGRAMS IS DISTRIBUTED ONLY TO THE FINANCIAL SECRETARY AND MY PRIVATE SECRETARY).
2.
I AM CONTENT THAT THE F.S. SHOULD SEND YOU GENERAL COMMENT
ON HOW THE SYSTEM IS WORKING. (AS IN PARA 3 LOF MY TELNO 1972).
BUT I REGRET THAT I AM NOT PREPARED THAT HE SHOULD SEND DETAILS
OF THE EXTENT OF GOVERNMENT INTERVENTION. IN ANY CASE, SUBJECT TO THE FINANCIAL SECRETARY'S VIEWS, THIS COULD GIVE ONLY A PARTIAL PICTURE SINCE IT WOULD NOT TAKE ACCOUNT OF HONG KONG
BANK INTERVENTION (AND WE HAVE NO AUTHORITY TO RELEASE
INFORMATION ON THAT) NOR OF OTHER MEASURES TAKEN BY THE FINANCIAL
SECRETARY E.G. TO AFFECT INTEREST RATEDS.
3. I THINK YOU WILL, IN ANY CASE, FIND THAT OUR COMMENTS ON THE
OVERALL WORKING OF THE SCHEME WILL MEET MINISTERS NEEDS.
EVANS
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