TNAG-0381-FCO40-427-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 268

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

PERSONAL

香港總督府

Das Andrew.

READ IN

REGISTRY No.31

1 OCT 1973

KK 244 | HKK 5/1

Palles will

Сталени

of Ak Like

helded &

on Stat.

GOVERNMENT HOUSE

HONG KONG

26th September 1973

CC. Mr Loude

Sir D. Watson

Mh. Molland

n

Mayshall

M Cambridge

Ente

163A

of 18 September. Mass Transit file

Many thanks for your letter You were quite right the

turned up separately.

The

may wish to

See, cap. the timing of Exlo's deliberations and the tone of the last paragraph

You are quite right also to follow the line of the talks with the Treasury having been cordial and constructive. position is that a situation has arisen that is not of Hong Kong's making, and which, as we warned the Treasury, we were powerless to prevent if they delayed making proposals until the last minute. This situation is one that renders it difficult for Hong Kong to qualify for the guarantee. Recriminations about this now would be fruitless

Ace 23/1

We will now put the position to Executive Council next Tuesday, and you will see our assessment set out in the Ex. Co. paper which will issue this week-end.

We of course want to be as helpful as we can during these critical months.

LART

REF

A.C. Stuart Esq.,

Foreign & Commonwealth Office.

Mu

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