TNAG-0379-FCO40-425-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 109

(15927) Dd.896736 400,750 1/72 G.W.B.Ltd. Gp.863

File No.

Department

HKIOD

Drafted by

(Block Capitals)

Tel. Extn.

FOR

COMMS. DEPT.

USE

OUTWARD

TELEGRAM

DESKBY

(Date)

Despatched

POSTBY..

(Time)

Z

Security Classification

SECRET

Precedence

XY 42

PREAMBLE

(Time of Origin)

Z (G.M.T.)

(Restrictive Prefix)..

(Caveat/

Security Class....... SECRET

Privacy Marking)

DEYOU DEDIP

(Codeword)

(Deskby)

Z

TO PRIORITY GOVERNOR HONG KONG

Tel. No.

of.......

(precedence)

AND TO (precedence/post)

AND SAVING TO

REPEATED TO (for info)

(post)

..Z

N

Ꮓ

Distribution:-

Files

ИKIOD FRD

SAVING TO (for info)

Flay A

Or Darshall Dr Holland

Copies to:-

[TEXT]

Following strictly personal for Governor from Mr Royle.

My telegram No 675.

1.

know that you are very concerned about the future

of the Sterling Agreements between us. You will

appreciate that in the present disturbed international

monetary situation it has not been easy for us to form a

view;

but I can assure you that we have your problems

very much in mind.

2.

I-feet

Whatever happens in the Sterling Agreements

that it is not too early to begin thinking about the more

fundamental questions of what overall financial structure

will best serve the interests of Hong Kong. I do not want

Moreover we need to avond

/costs.

to suggest answers at this stage; indeed we must at all arousing fears in Mary Kory that the UK is, for it's own purposes, by ing to