TNAG-0449-FCO40-514-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1974 — Page 21

IMMEDIATE

CYPHER/CAT A

GPS 1200

FM HONG KONG 060345Z

CONFIDENTIAL

CONFIDENTIAL

......

Para(s)

JAKK 18/10

Аккую

0:1

74.

TO IMMEDIATE FCO TENO 1105 OF 6 NOVEMBER/INFO PRIORITY HONG ·

KONG GOVERNMENT OFFICE LONDON (FCO PLEASE PASS).

FOR HKIOD.

YOUR TELEGRAM 953. PARLIAMENTARY QUESTIONS.

95

кос

(A) THE REELY_PROPOSED IN YOUR PARAGRAPH 2 IS AGREED, 246,484

HONG KONG BRITISH PASSPORTS WERE ISSUED BETWEEN 1ST JANUARY 1965

AND 31ST OCTOBER 1974.

(B) WE AGREE YOUR SUGGESTED ANSWER IN PARAGRAPH 3 EXCEPT THAT IT

WOULD BE PREFERABLE TO AVOID USE OF SILLARS' WORDS QUOTE TRANSFERRED

TO LONDON UNQUOTE AND USE INSTEAD QUOTE INVESTED IN STERLING

UNQUOTE. COMPARATIVE FIGURES AT 31ST MARCH FOR THE PAST 8 YEARS (1964-71) WERE:

HHK DOLLARS M.

YEAR

TOTAL ASSETS

CASH, FIXED DEPOSITS

GENERAL

AND INVESTMENTS IN

REVENUE

STERLING

BALANCE

1964

978

379

762

1965

1047

520

823

1966

904

445

688

1967

935

436

710

1968

995

377

788

1969

1160

397

949

1970

1633

661

1426

1971

2285

1167

2066

TO WHICH CAN BE ADDED.

1972

1973

3006

3754

1844

2916

1274

3089

ON THE SENDING OF HONG KONG'S SURPLUSES TO LONDON FOR THE USE OF

H.it.G., WE SUGGEST

CONFIDENTIAL

/QUOTE

THE HONG KONG