TNAG-0379-FCO40-425-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 21

SECRET

VED IN

R-CUPY N 51 - 27001973

AKK5/1

BANK OF ENGLAND

73

13th July 1973

Discussed of te making

27 July

Jay

on

was of aced that

be raken

[Dear Mary,]

no

П.

for os pãe

Goodfellow te

I will not have

to deal with

d

action could

this as present

#

Hong Kong

ва

We undertook to consider what further advice could be given to Hong Kong regarding an appropriate exchange rate policy current and prospective conditions. With a view, hopefully, to facilitating discussion between ourselves, I have tried my hand at the attached memorandum which attempts, firstly, to describe the underlying situation in Hong Kong and, secondly, to point to some of the options open to her.

I have sent a copy of this letter and its enclosure to Hugh Lee and David Holland.

[Yours sincerely,]

(Signed) DOUGLAS STONE

M.

1

驽

19/7

Mrs.Mary Hedley-Miller. [H.M.Treasury,

Great George Street, S.W.1.]

Please

возад

ht

love you

b FRD + HKLOD;

Aarvations

of

this propen.

2015