TNAG-0380-FCO40-426-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 65

RESTRICTED

Reference KKS

Mr Crowson

Mr Stuart

По n.

PA

2

Yes. This is the agreed

Goodfellow / 13/12

отп. Hollando

Aos 13/90

ed purpose

VISIT TO HONG KONG OF THE CHIEF ECONOMIC ADVISER

1. As you know, David Holland has proposed visiting Hong Kong in October.

2. On the assumption that there will be insufficient time to raise this matter in any detail during the talks Mr Royle will have with the Governor on

11 September, I suggest that consideration be given to using Mr Holland's visit as a chance to discuss the question of financial management and institutions in Hong Kong with both the Governor and Financial Secretary. Within the FCO it is really only Mr Holland who can argue the technical points which we regard as important and which might persuade the Hong Kong authorities to look at our suggestions rather more favourably than they do at present. We know that Mr Haddon-Cave is extremely opposed to any change in the financial management in Hong Kong. We also know that the Governor supports him. It is important, therefore, that both are tackled on this subject. suspect that the Governor at any rate may be more prepared to listen when he is at his home base and with someone (Mr Holland) who during his visit will have an opportunity to appreciate the problems from the Hong Kong point of view.

3.

FRD support this recommendation.

I

كا الكم الله

10 September 1973

M A Goodfellow

You mice

rollet that

The Holland! Jokow

virit was mantious bingly this morning.

This scau

~ good way & tackle the problem

2.1. ho

DD 145177 219242 500M 4,73 GM 3643/2

RESTRICTED