TNAG-0379-FCO40-425-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 287

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LL. The PUS also wrote a personal letter to the Governor emphasising the hope that "serious and urgent consideration will be given to increasing the availability of Hong Kong paper to the banks."

5. The Gover or replied on 18 December, and I attach a copy of his letter, and of Mr Littler's letter of 3 January to Mr Payton, and Mr Payton's reply of 8 January, setting out their preliminary views.

Dhirty

D I Lewty

Financial Relations Deparment

15 January 1975

Mr Holland

Mr Stuart HKIOD