TNAG-0379-FCO40-425-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 210

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TO PRIORITY GOVERNOR HONG KONG TELEGRAM NUMBER 412 OF 26 APRIL. 73

YOUR TEL NO 427: STERLING AGREEMENT,

1. MR TAPSELL IS UNDER A MISUNDERSTANDING. THE PLACE AND DATE OF

THE 1973 COMMONWEALTH FINANCE MINISTERS' MEETING ARE AS YOU UNDER-

STOOD TE DAR ES SALAAM IN SEPTEMBER,

2. WE APPRECIATE THAT IT WOULD HELP YOU TO KNOW MORE ABOUT POSSIPLE

FUTURE STERLING AGRCEMENTS. WE WILL BE APPROACHING YOU DIRECT WHEN

WE CAN, BUT WE ARE NOT YET ABLE TO PROPOSE A DATE. YOU WILL HAVE

SEEM FROM THE CHANCELLOR'S RECENT MONTHLY MESSAGE THAT CERTAIN

IDEAS HAVE BEEN MOOTED IN EUROPE AND HE HAS GIVEN ASSURANCES THAT

THERE CAN BE NO QUESTION OF ANY NEW ARRANGEMENTS FOR THE RESERVE ROLE OF STERLING, OR ARRANGEMENTS AFFECTING THE STERLING BALANCES, WITHOUT FULL CONSULTATION,

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MR KEEBLE

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