CONFIDENTIAL
FM FCO
TO IMMEDIATE HONG KONG
TELNO 667
OF 15120OZ APRIL 92
CONFIDENTIAL
HINTS 102/5
Mr Gr
10
111346
MDHOAN 3084
My Home 21/4
YOUR TELNOS 718 AND 988: EXCHANGE FUND ORDINANCE: APPROVED INVESTMENTS
1. WE UNDERSTAND THE SENSITIVITIES AT YOUR END DESCRIBED IN SECOND TUR. IN THE CIRCUMSTANCES, APPROVAL IS GIVEN UNDER SECTION 3(2) OF THE EXCHANGE FUND ORDINANCE FOR THE PROPOSALS SUMMARISED IN PARAGRAPH 1 OF FIRST TUR. WE ARE GRATEFUL FOR YOUR WILLINGNESS TO SOUND A CAUTIONARY NOTE ON TIMING OF SUCH INVESTMENTS WHEN TELLING THE EXCHANGE FUND ADVISORY COMMITTEE OF OUR CONSENT.
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ADDITIONAL
7
SIR P CRADOCK NO 10.
MR WIGHTMAN CABINET OFFICE MR A CROCKETT BANK OF ENGLAND
MR C ELSTON BANK OF ENGLAND
MR O PAGE BANK OFENGLAND
MR P GRAY HMT
MR J P MCINTYRE HMT
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