TNAG-0455-FCO40-520-Minting-of-new-coins-for-Hong-Kong-1974 — Page 43

CONFIDENTIAL #

F

XCC(74)66

22

6

It will be the intention instead, if the proposals are accepted, to release to the press full details of the specification of the new coins and the timetable for the changeover, together with a full summary of the reasons for the changes and for the selection of the new shapes and sizes. It would be useful to stress that the new coinage will not involve any change in the value of the currency units (unlike, say, the decimalisation in the UK), so that it will not present an opportunity for unscrupulous traders to increase prices.

Conclusion

23

Honourable Members will be asked to approve the committee's conclusions and recommendations as set out in pages 38-40 of its annexed report, and to approve the arrange- ments for publicity proposed in paragraph 22 above,

(The Accountant General (Mr D.W.A. BLYE) and the Deputy Secretary for Economic Services (2) (Mr J.I. MUTCH) will attend before the Council for the discussion of this item).

28th August 1974

(ECON 5/2241/47 III (TC 229/74))

COUNCIL CHAMBER

C.S. 166

CONFIDENTIAL

機密