Classification
SECRET
OUT TELEGRAM
ZCZC
1
Z CZ C
TC
2
SECRET
CAVEAT
3
FM
4
FM FCO
ΤΟ
5
TO IMMEDIATE HONG KONG
TELNO
6
TEL NO
OF
7
OF 03160OZ FEBRUARY 1992
AND TO
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Caveat
Da
Precedence
IMMEDIATE
INFOR PRIORITY PEKING, UKRER JLG HONG KONG
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PERSONAL FOR GOVERNOR
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PEKING PERSONAL FOR AMBASSADOR
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UKREP JLG HONG KONG PERSONAL FOR PAUL
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14
YOUR TELNOS 124 AND 175: CONFIDENTIAL FINANCIAL DIALOGUE
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1.
We have no comments on the proposed agenda items A or B.
2. On item C, the proposed new liquidity adjustment facility,
we think it would be preferable to await the outcome of the
present review of monetary arrangements with which Bank of
England officials are assisting, before reaching definite
conclusions on this and briefing the Chinese in detail. Could
you please consider this further: perhaps it would be best just
to give the Chinese an indication of preliminary thinking?
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///
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EXCHANGE FUND
//
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3. On agenda item d, we
await the outcome of the
also think definite decisions should
review mentioned in para 2. Subject to
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hewitt/tibber
despatch by:
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Telephone no
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03.02.91
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Bas 270224/8107414 50m 3/88 P
YF86