TNAG-0329-FCO40-365-Briefs-for-UK-officials--visits-to-Hong-Kong-1972 — Page 39

NOTHING TO BE WRITTEN IN THIS MARGIN

regulat

used for the purpose of regulating the exchange

value of the currency - Stipulates that the Fund,

or any part of it may be invested in securities

approved by the Segretary of State. There are

no administrative directions which require the

keeping of the reserves, if placed in the UK, in

the hands of the Crown Agents. The Hong Kong

Government has of course complete freedom to spend

the reserves should the need arise.

१.२३

3.