TNAG-0379-FCO40-425-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 82

sterling by the commercial banks would be avoided, we are willing to authorise the withdrawal from the Exchange Fund by the commercial banks of a maximum of £20 million in August 1973 and £20 million in September 1973, these sums to be distributed among the banks as he judges best.

6.

We shall be glad to talk to Haddon Cave in London and should be prepared to see him at any time. But we think that the best time for a visit would be the second week in September.

(15557) Dd.896646 202m 8/71 G.W.B.Ltd. Gp.863

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