TNAG-0379-FCO40-425-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 132

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6. WE TOO MUST ALSO CONSIDER SELLING PART OF OUR GENERAL ACCOUNT STERLING POSITION FORWARD AND, IN THE VERY NEAR FUTURE, WE MUST DECIDE ON THE DISPOSITION OF THE GOVERNMENT'S RESERVES AFTER 24TH SEPTEMBER. WE SHALL, OF COURSE, LET YOU AND THE BANK KNOW BEFOREHAND WHAT WE HAVE IN MIND.

MACLEHOSE

ORWELL DISTRIBUTION

FRD HKIOD PS

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