TNAG-0381-FCO40-427-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 69

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WANT TO SUGGEST WHAT FORM THE ARRANGEMENTS SHOULD TAKE.

WE MUST, .

OF COURSE, TAKE INTO ACCOUNT THE LONGER TERM POSSIBILITY THAT NEW ARRANGEMENTS FOR THE STERLING BALANCES WILL EMERGE IN THE PROCESS OF REACHING AGREEMENT ON INTERNATIONAL MONETARY REFORM.

3. I SHALL BE VERY CAD TO KNOW YOUR THOUGHTS ON THESE MAITERS

AND IT YOULD HELP ME TO HAVE THEM AS SOON AS POSSIBELE.

DOUCLA STONE

FILES

RD HKLOD

PSIMR. ROYLE

MR. MARSHALL

ML. HOLLANDA MR. YOUDE

COPIES TO:

MR WL ST. CLAIL TREASURY MR RE BARBER

BAE

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