TNAG-0448-FCO40-513-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1974 — Page 115

CONFIDENTIAL

51

PA

Sterling

征

Foreign and Commonwealth Office

London S.W.1

9 April 1974

V L St Clair Esq Il Treasury

HONG KONG

Dear Bill

Thank you for your letter of 9 April enclosing a draft telegram to liong Kong.

2. In view of Hong Kong telegram ilo. 406, we think ve aight take this opportunity to make crystal clear thet ve me si by "accidental" breaches if only to forestall difficulties in This would muca e re-esti conexion with the new Declaration. of paragraph 2 of your draft and some changes in paragraph 7.

3. I attach a suggested redraft. There are also on or two, minor changes we are proposing in some of the other pre- graphs.

Lout

4. Tony Aust is happy with these proposed changes; though they do not take account of an addition:1 polut topping up) on which he has been in touch with Kingsley-Jours.

breu

m

Mus

ever

L

Man Cambidge

SJG CABRIDGE Financial Relations Department

cc: RE Barber Esq

Bank of England

Co

M. Sand follow < (back 6)

HKIOD

CONFIDENTIAL

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