TNAG-0448-FCO40-513-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1974 — Page 22

電报掛號 CABLE ADDRESS "AFOIN" HONG KONG

VIEWYM TELEX NO.: HX 4776

大家海鲜 OUR REF.:

EF.25/11(73)

* Your Ref.:

REF.

THE TREASURY

HONG KONG

香港務司署

3rd June 174

JUN 1974

The Chier of the Economic Intelligence

Department,

Bank of England,

Threadneedle Street,

London EC2R 8AH,

England:

Dear Sir,

received, Tay, 17.7.74

I submit with this letter the sterling guarantee advice as on the last working day of April 174.

2.

You know from our recent exchange of telex messages that an adjustment has had to be made to the non-sterling reserve Figure reported in attach-

In view ment (b) to my letter dated 6th May 1974.

I am

of the importance of this return in establishing the MSH for the last working day of March 1974, also submitting with this letter an amended advice (};).

3.

I should be most grateful if you would, as soon as possible, confirm:

(a)

(5)

that for the purpose of establishing the MSH that the lower of the reserve figures' described in (b) and (c) of paragraph 3 of the Declaration made at London on 18th March 1974 is £79,210,009; 70% of £386,014,000;

and

that in order to arrive at the balan 5 eligible for guarantee in accordance with paragraph 4 (1)(a) of the Declaration the maximum that must be deducted from R will not exceed £38,414,000; 10% oi £384,142,000 (see my telex number 1 dated 30th May 1974).

Your Puinfully

Doug Co. wardlys

(D.W.A. BI72, thebuntun' General

· Encls

DWAB: hg

Arsmuntant General