TNAG-0379-FCO40-425-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 241

CONFIDENTIAL

21

A CENTRAL BANK FOR HONG KONG

1. I have discussed with Mr Wilford Sir Duncan Watson's minute of 8 March. He suggested that, subject to your view, the next step might be for you to discuss the question with Sir Duncan. If you agree, may I leave it to you to suggest time and place?

9 March 1973

Copy to: Mr Wilford Sir D Watson

п. Со

17. Crowson 12. Goodfell

to ses

is

да

Dest

A C Stuart

Hong Kong & Indian Ocean Department

ih.

So Danca Watan

today!

should hap

on Il background. He thinks that we

over

a

clove wated on I wasting of a)K H-K fast +

и

1) Il banks in what will wirililly stay be

A

messy

& mcntain situation at least room I next serund

induce ll HK Yout mouths. The montantis may

Is more,

however gingerly, in I direction

to be in Unintent of HK.

7/14/16

3.

belain

CONFIDENTIAL