- X
Restricted
Foreign & Commonwealth
Office
6
File
26 March 1993
P Ackroyd Esq
MRED
ODA
94 Victoria Street
London SW1
HKB 091/3
RECEIVED IN REGISTRY
30 MAR
DESK OFFICER INDEX
PA
J
13
REGISTRY Action Taken
London SWIA 2AH
Telephone: 071-2702651
Dear Mr Ackroyal,
DEVELOPMENT CENTRE WORK PROGRAMME: PROPOSED 1994 SHORT TERM STUDY ON "CHINA'S FUTURE OUTLOOK AND THE HONG KONG DOLLAR"
1.
Further to our telephone conversation, I attach copies of telegrams from Hong Kong and Peking setting out their views on the OECD proposal. You will see that these telegrams have already been copied to UKDel OECD.
2.
We can fully appreciate Hong Kong's reluctance to go along with this study, and in particular their concern that the study would focus on the Hong Kong dollar. But we would have no objection to a study which focused more on China's reform experience and Hong Kong's role as China's door to the outside world. In this context, it would be more appropriate to look at the Chinese monetary and exchange rate policy than the Hong Kong dollar.
3. I would be grateful if you would take the above into account in replying to UKDel OECD.
your micvely
Nigel Wad
N Whitney
Hong Kong Department
CC:
S Chakrabarti Esq
APD, ODA
L Bristow-Smith Esq
FED, FCO
JC Millett Esq
ERD,
FCO
Ms S O'Connell
ERD, FCO
C Lane Esq
Economic Advisers
ackroyd26.3/LETTERS/NJH
Restricted