2 March 1993
SECRET
HKB
100/3
RECEIVED IN REGISTRY
30 MAR 1993
100/3
Foreign & Commonwealth
Office
14
DESK OFFICER
JP McIntyre Esq
IN TX
PA
REGISTRY Action Taken
London SWIA 2AH
HMT
Telephone: 071-
Dear Paul,
HKG RESERVES
1. The Governor told Lu Ping during his October visit to Peking that he would give him advance warning of any changes in the reserves. Enclosed is a copy of a letter which the Governor has sent to Lu Ping which indicates the revised forecast for the fiscal reserves at 31 March 1997 (please note that the letter was slightly amended before it was handed over to indicate which financial year each of the columns refers to). This information will be made public tomorrow as an appendix to the Financial Secretary's Budget Speech
2. I am copying this letter to Chris Elston at the Bank of England.
Your ever
Nigel
NC G Whitney
Hong Kong Department
cc
C D Elston Esq, Bank of England
SECRET
hkg.ADM.JRB