TNAG-0381-FCO40-427-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 19

w/209.

Mr Stuart

CONFIDENTIAL & PERSONAL.

(209)

HONG KONG: MONETARY MANAGEMENT AND INSTITUTIONS

I attach a paper on this subject. For reasons which I have

explained to you, I am submitting it simultaneously to Mr Royle

under cover of a minute which stresses that it is a personal effort

which has not yet had the benefit of comments of officials in the

FCO, nor of officials outside the FCO.

PS The

peresmal addendum which I

nating t

you

2 November 1973

is attached.

Alb.

c.c.

Mr Marshall Mr A. Smith

CONFIDENTIAL

D G Holland