aef1.cp/84.1/sb/let1.20.3

HM Treasury

Richard Margolis Esq 18A Broadwood Park 38 Broadwood Road Hong Kong

Dear Richard

HONG KONG

IT MON

HKA 233/

(HMOCS)

(WILG

Thank you for your letter of15 March.

Parliament Street London SWIP 3AG Telephone 071-270

Bcc: My Rayson

My wordticid

4719

154

My Store (PCO/HKD)

24 March 1992

рал

25/3

indications

I look forward to seeing your report. There have been of some interest in schemes of the kind which you examined, and we look forward to seeing future developments in this area.

I am sure that you will not expect me to comment on the wider observations in your letter, except to say that we see your study as being relevant to the concerns of all Hong Kong civil servants.

Your

Qa

London Bo

a

MRS S D BROWN

Switchboard 071-270 3000

Fax 071-270 5653

Telex 9413704

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