TNAG-0448-FCO40-513-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1974 — Page 26

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CONFIDENTIAL

Mrs Denza Legal Advisers

STERLING GUARANTEES - HONG KONG

1.

I now attach a further Treasury summary dated 9 July on the above subject and would be grateful for you preliminary views.

2.

I might add that first thoughts in the Department are that we should pay the full amount to Hong Kong.

11 July 1974

c.c.

Mr Crowson HKIOD

Viir

B N Connelly

Financial Relations Dept

CONFIDENTIAL

M...Goodfern

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