По
N.. Moreton.
Ass 122
with (28
(27).
In making up
their minds about
Fakmą.
over
Hong Kong,
The size of the Colony's
sterling assets
immst Seem
to the Chcriere
misiquificant by comparison with the potential Annual earnings of sterling thro' Hang
Kong,
and
must operate to influence
them against
a
Fake-over.
This is the pound
that I think Hong Kong had it in mund
to make when they proposed to Mr. Mason The addition of these words.
have
and
There may
been some confusion of thought when it was decided to amend para 77 in thas
way.
2.
51- is of
conte
a
different point to
that with which para 77 is concerned
namely the strength of
our negotiating
position in the event that we are
with a
Fake-over
situation,
faced
(or "hand-over") The significance of
And
an
Sterling asset's
any negotiation's.
the
bargaming counter in
In such a
situation
The Chinese
may
attach
a greater
a
Juicul
importance to those asset's
windfall (after the best of the fruit has
been picked).
3.
S
Thwit
Without these
we can agree to the deletion.
words
The sentence in my view
tends in sufficient measure
to play down
The value of the sterling assets
negdiating counter,
Q
a
A draft-reply to
(27) is submitted below, br. 5: Carter,
2/2/69
No comments yet.
Private notes are available after approval.