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2.3 stars
14/21
Mr Boss
Exceptional
Hong Kong's Exchange control procedure is in many ways. In particular, for the present purpose, the Hong Kong dollar circulates freely throughout South China. It is I think
nable that this free criculation
ang
어
the
Hong long dollar (in wrritory where the US dollar is for less easy to obtain) is namly responsible for the unfavourable sterling, I cross rate in the Far East. This
sterling un favourable cross rate in turn is directly responsible for loss/opmany
Exports to U.S.A. eti which and routed through Thong long. If there is to be an
onea
isené
--
7 macceds
barer bonds of the present magnitude it will swell the total of Hong Kong's issues ercalating in South China and in my view can only result in further depression of the cross rate and further aggravation of the leakage of Export moceeds.
Klebin Shank
16111
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