TNAG-0379-FCO40-425-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 211

IMMEDIATE

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70 IMMEDIATE FCO TELNO 427 OF 20 APRIL.

1973

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FINANCIAL SECRETARY HAS RECEIVED FOLLOWING MESSAGE FROM MR PETER TAPSELL M.P. OF JAMES CAPEL AND CO WHOM WE ARE THINKING OF EMPLOYING FOR THE MANAGEMENT OF PART OF OUR NON-STERLING INVESTMENT PORTFOLIO. THE MESSAGE READS AS FOLLOWS:

BEGINGS:

PERSONAL TO PHILIP HADDON-CAVE FROM PETER TAPSELL.

ARE YOU PLANNING TO ATTEND THE COMMONWEALTH FINANCE MINISTERS' CONFERENCE IN LONDON IN JUNE? PEKING HAS INVITED ME TO TOUR CHINA FOR THREE WEEK MINIMUM STARTING 9 JUNE. I AM IN TWO

MINDS WHETHER I CAN SPARE THIS AMOUNT OF TIME AWAY FROM LONDON. IN PARTICULAR, I WOULD NOT WISH TO MISS YOU IF YOU ARE COMING TO THE CONFERENCE. COULD YOU VERY KINDLY LET ME KNOW.

BEST WISHES PETER TAPSELL.

ENDS.

2. WE DO NOT FOLLOW THE REFERENCES TO THE FINANCE MINISTERS CONFERENCE IN JUNE IN LONDON AS CUR UNDERSTANDING IS THAT IT IS TO BE IN DAR ES SALAAM IN SEPTEMBER (1.E. BEFORE THE IMF/IBRD ANNUAL MEETING IN NAIROBI LATER THAT MONTH). I SHOULD BE GRATEFUL FOR CONFIRMATION (A) THAT ARRANGEMENTS FOR THIS YEARS COMMONWEALTH FINANCE MINISTERS CONFERENCE ARE UNALTERED AND (B) THAT, FOR

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