TNAG-0380-FCO40-426-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 159

Mr Wilford

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STERLING AGREEMENT: HONG KONG

1. You suggested a letter to the Treasury conveying the

gist of Hong Kong telegram No 931, without the elements that

would raise temperatures. FRD are less worried (Miss Pestell's

minute attached) but even if we include the reference to the

"undertaking" to consult in March, I think there is merit in a

faintly bowdlerised version. It also enables us to pass on the

news that Mr Haddon-Cave will be here at the end of the month.

2. As Mrs Hedley Miller is away I can myself write to

Mr St Clair and Mr Stone. Draft attached.

22 August 1973

Copy to:

Miss Pestell FRD

Mr Holland

A C Stuart

Hong Kong & Indian Ocean Department

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