TNAG-0382-FCO40-428-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1974 — Page 108

NOTHING TO BE WRITTEN IN THIS MARGIN

Registry No.

DEPARTMENT

HW

CONFIDENTIAL

HKK 5/1

PRIORITY MARKINGS (Date)

XXK

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Despatched

Date and time (G.M.T.) telegram should

reach addressee(s)

642+1

W/2++

SECURITY CLASSIFICATION

XDapX SexrXt

XXcket

Confidential

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Xxvediate}

Priority

XUbars find

PRIVACY MARKING

In Confidence

[Security_classification"

-if any

[ Privacy marking

-if any

[Codeword-if any]

Code Cypher

Draft Telegram to:—

Addressed to

GOVERNOR HONG KONG telegram N.............

No.

(Date)

And to

16.11.73

repeated for information to

And to:-

CONFIDENTIAL

GOVERNOR HONG KONG

..(date)

Repeat to:

Saving to:-

Distribution:-

Files

HKIOD

FRD

Mr Youde

Sir D Watson PS/Mr Royle

Copies to:-

Saving...............

FOLLOWING PERSONAL TO GOVERNOR FROM MR ROYLE:

STERLING: LETTER FROM P C WOO

1. We discussed the possibility of a "warm"

message when you were here in September, and agreed

that we might reconsider the possibility if an

appropriate occasion arose.

2. The mutually advantageous position reached over

sterling seems to me to be an obvious peg on which to

base such a message. I am also aware that P C Woo

expects a written reply to the letter to be signed

on behalf of UMELCO (Hong Kong telegram number 954)

on this subject.

3. Do you agree that a letter on the lines of MIFT

to Woo would be helpful and that we should encourage Woo to release it to the press? I shall

be glad to have your comments.

CONFIDENTIAL