PR 35 4000025
香港政府
GIS
新聞處
DAILY INFORMATION BULLETIN
SUPPLEMENT
Wednesday, December 13, 1972
SPEECH BY THE HONOURABLE THE FINANCIAL SECRETARY
IN LEGISLATIVE COUNCIL ON WEDNESDAY, 13TH DECEMBER 1972
Mr. P.C. Woo:
Reply:
Yes Sir,
Is the Financial Secretary yet in a position to make a statement on his recent discussions in London on the
Sterling Guarantee Agreement and the security of Hong
Kong's sterling reserves?
Introduction
But, if I am to put my talks in London in November in perspective,
I am afraid I shall have to speak at some length. I do not apologize for
this. Our financial and monetary stability is fundamental to our well-being
and I can well understand that honourable Members and the public at large wish
to be assured that this Government has acted at all times to secure Hong Kong's
best interests. This is always our purpose though our actual performance is
sometimes under the control of prevailing circumstances and external events
over which no individual government can exercise very much influence.
Historical Background
May I begin, Sir, by reminding honourable Members of the historical
background to the Hong Kong dollar's link with sterling? Until 1935 Hong Kong
/had
Issued by Government Information Services, Beaconsfield House. Hong Kong. Tel: 5-233191