TNAG-0380-FCO40-426-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 75

ORWELL:

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STERLING RESERVES,

HONG KONG STANDARD TODAY CARRIES REPORT BASED ON 'SELTABLE SOURCES' THAT HONG KONG HAS SENT COUNTER-PROPOSALS' ON EXTENSION OF GUARANTEE, REPORT DOES NOT GIVE DETAILS BUT SEES THE CALLEGED) FACT OF THEM AS EVIDENCE OF VITAL DIFFERENCES BETWEEN BRITISH TREASURY AND HONG KONG,

2.

HADDON-CAVE IS REPORTED TO HAVE DECLINED TO CONFIRM WHETHER PROPOSALS HAVE DEEN SENT BUT SAID THAT MESSAGE RECEIVED FRON LONDON LAST WEEK HAD NOW ADVANCED TO THE STAGE OF DIALOGUE VITICH HE MUST ASSUME WOULD DE CONCLUDED ONE WAY OR THE OTHER BY 24

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