Monetary Authority

878 8187 .02

Hong Kong Monetary Authority 香港金融管理局

30th Floor, 3 Garden Road, Central, Hong Kong Tel : (852) 878 8110

fax:

(852) 878 8167

Mr. David Peretz

UK Executive Director in IMF/IBRD

c/o HM Treasury

(65)

Capes rank to

John Cunliffe

21 October 1993 Chuir Athunde

HKC 031/10 нис

1. 1993

Dear Mr. Peretz,

As James is tied up with meetings this afternoon, I am writing to update you on our discussion with Erik Friis.

We met with Friis at lunch and went through with him our suggested amendments to the draft invitation letters and MOU. He did not have much comments as the drafting of these documents did not fall within his province. He handed over to us a draft memorandum on the provision of services and facilities, which we are now studying. We will fax a copy to you if it can be finalised

tomorrow.

Friis mentioned that the Chinese EDS have indicated that they have some comments but details are not known yet. Whether Thahane will visit HK next week will depend on whether the drafts can be agreed by the end of this week.

We would be grateful if you would keep us posted of developments on your side.

I

am copying this to Nigel Whitney of HK Department of FCO for his information.

Yours sincerely,

Weathe

(Eddie Yue)

Senior Manager (Monetary Policy)

TOTAL P.02

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