TNAG-0379-FCO40-425-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 80

WOH

Our reference: Your reference:

Treasury Chambers

Great George Street, London S.W.I Telephone: Whitehall 1234, ext. 460

58

2F RMSA 12/91/01

31 July 1973

Dear Cacheune

HONG KONG

HK KS/1

Following our meeting in the Treasury on Friday last, I have secured authority

for a further £40 million of diversification by the Hong-Kong Commercial Banks, in certain circumstances, and for a telegram in the terms

58 Fof the draft attached.

I should be grateful if this could be despatched, if you see no objection.

Your

ham

Mrs M E Hedley-Miller

Miss C Pestell

Financial Aid & Policy Department Foreign & Commonwealth Office.