TNAG-0377-FCO40-423-Defence-and-Oversea-Policy-Committee-review-of-UK-relations--1973 — Page 12

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NOTHING TO BE WRITTEN IN THIS MARGIN

CONFIDENTIAL

to stress that the new arrangement satisfies both

sides within the context of our unilateral offer.

For the longer term future, we can say that we are

consulting Hong Kong and the other sterling holders

on the possible types of arrangement that might suit

them for the post-March period if any new arrangement

is established.

CONFIDENTIAL

/HONG KONG