TNAG-0382-FCO40-428-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1974 — Page 107

W/24/2014

FROM

A C Stuart

Telephone No. Ext.

egistry

HKK 5/1

DRAFT SUBMISSION

Type 1 +

SECURITY CLASSIFICATION

Tim Segret. Secret

Confidential.

tricted. Unclassifed.

PRIVACY MARKING

To:-

Mr Youde

Sir D Watson

PS/Mr Royle

In Confidence 1.

FLAG A

712

FLAG B

тох

FLAG C

folio 156

W/ 242

ཚ

До

ing

Department

HKIOD

We appear to have reached a satisfactory agreement

with the Hong Kong Government over the level of their

sterling held in London, covered by the Sterling

Agreements, How would therefore seem an appropriate

moment to reply to the letter signed by Mr P C Woo on

This also

considera

behalf of UMELCO, which formed the basis of his talk

with Mr Royle on 14 September.

2.

When Mr Royle saw Mr Q W Lee in Singapore the

As indicated

latter inferred that Mr P C Woo had expected to hear

from the Minister. A reply would fill that bill

especially if Mr Woo were authorised to make it public

I recommend accordingly. In these circumstances, if

the Governor agrees, it could in effect also be the

warm public message that we have been considering

sending to Hong Kong (my submission of 20 September).

3. I attach two draft telegrams to the Governor.

FRD agree.

(3001) Dd.145244 400m 8/73 L.Ltd. Gp.839

NOTHING TO BE WRITTEN IN THIS MARGIN