2'd
HKA 233/1
S1851\gr1
To: From:
cc:
1.
Nigel Whitney; HKD
David Hughes; GAD
R T Foster; GAD
3 November 1992
HONG KONG HMOCS STERLING SAFEGUARDS
I
Thank you for the faxed draft of your options paper. have not looked in detail at the draft itself. However, I enclose the cutlines of 4 tables and the titles of 5 graphs that could support the paper. Will you please circulate them with the draft? This material will take a few days to prepare. Please ask colleagues whether any of these tables or graphs can be dropped.
2. You could introduce the results in option A with words as follows: "The costs to HMG of all the options depend on future HK$:UK£ exchange rates. Estimated costs for option A are shown in Table 1, for a range of alternative assumptions about future exchange rates. Graphs 1-3 show the likely timing of expenditure on option A, for alternative assumptions about future exchange rates."
INWIYUDJA SUNLOU INAWNYGAOS 9:91 26. E0 AON
589)