you wannan 2009 I t
SECRET
FM FCO
TO IMMEDIATE HONG KONG
TELNO 439
OF 26164OZ FEBRUARY 90
SECRET
HKB 026/11
(17
003222
STRYMDHOAN 3913
RECEV 1.
27 FEB 1990
EGISTRY
INDEX
don Taken
STRICTLY PERSONAL FOR GOVERNOR FROM PAUL, HKD
YOUR VISIT TO LONDON: 8-9 MARCH: CALL ON SIR P MIDDLETON
1.
ROBIN MCLAREN HAS JUST WRITTEN TO YOU ENCLOSING A PAPER BY THE BANK OF ENGLAND SETTING OUT THE ARGUMENTS FOR AND AGAINST ESTABLISHING A CENTRAL MONETARY INSTITUTION IN HONG KONG. THE PAPER, WHICH REPRESENTS FAIRLY PRELIMINARY THINKING HERE, CONCLUDES THAT ON BALANCE THE ADVANTAGES OUTWEIGH THE DIFFICULTIES. AT A RECENT MEETING, CHAIRED BY SIR PETER MIDDLETON, AT WHICH THIS PAPER WAS CONSIDERED, IT WAS SUGGESTED THAT IT WOULD BE HELPFUL IF THE TREASURY AND THE BANK OF ENGLAND COULD HAVE A JOINT MEETING WITH YOU DURING YOUR FORTHCOMING VISIT TO GO OVER THE GROUND. SIR PETER MIDDLETON IS WILLING IN PRINCIPLE TO CHAIR SUCH A MEETING WHICH COULD TAKE PLACE ON THE AFTERNOON OF 9 MARCH.
2. BEFORE TAKING MATTERS FURTHER, I SHOULD BE GRATEFUL TO KNOW IF YOU WOULD WELCOME SUCH A MEETING AND WHETHER THE PROPOSED
TIMING WOULD BE CONVENIENT.
HURD
YYYY
ΜΑΙΝ
16
LIMITED
HKD
MR GILLMORE
NNNN
DISTRIBUTION
16
MR MCLAREN
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