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consideration.
We are thus no further forward and possibly
have taken some steps back. We shall now see whether we can agree a form of words with the Treasury which will allow our
options paper to be put to Ministers in a way which will permit decisions to be made.
3. The Governor is likely to press all the harder for the
quick introduction of the compensation scheme, in advance of
resolving the question of sterling safeguards. We and the
ODA are by no means convinced this will be either quick (the
Treasury have previously said they see the various elements as a package) or buy us much time with HMOCS officers.
I was
a
gitzy tal Mr Margolis
still tinks there is some life i
his idea. The difficulty of
Constructing
a scheme which
would come anywhere near
Satisfying Monoes are formirtable -
and expensive.
CHAAGG/2
Will ustao. Stare
M V Stone
Paludk
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