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OFFICE OF THE EXCHANGE FUND HONG KONG:GOVERNMENT 24th Floor, Admiralty Centre, Töwer 2, 18 Harcourt Road, Hong Kong.

CONFIDENTIAL

MinBlalı

Date :

21.1.92

FACSIMILE TRANSMISSION LEADER SHEET

Total number of pages including this leader sheet:

24

From: Norman T.L. Chan

To:

Deputy Director

(Monetary Management)

Peter Ricketts, Esq. Hong Kong Department, Foreign & Commonwealth

Office

Our Ref:

Message:

дут ра

ли

My Cox Muzali

Fax No.:

agree.

Whe

291, we have HMT

Comments he submit. The

pre

Disclosure of the Size of

the Ristretts fi

The arguments look quite good,

though we

sud not use the FS's

"accountability with the Chunere

weakening executive etc.

the Exchange Fund I are contex but HMT have not yet

14

pronounced.

As promised in para. 1 of our Telno 175, I enclose the relevant Exchange Fund Advisory Committee papers for your reference.

Ken argument Ind of fuose used

Level

is Had one could'nt raid the EF in an

Armageddon Scher's without the proceeds

Showing up

same other accoral rumediately

7291-

kallan

(Norman T. L. Chan)

Pl de Mr JP Mc Intyre, HM Treasu (immed)" this CD Elston

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Bank of England

the 5 broadbent, Ec Aduses

24.

CONFIDENTIAL

Mov

2411

FAXNOS(852) 865 3346

TEL. NO.: (852) 865 07425

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