TNAG-0458-FCO40-523-Future-of-financial-and-economic-policy-of-Hong-Kong-1975 — Page 5

PERSONAL AND CONFIDENTIAL

Sir Murray MacLehose, KCMG MBE

Government House

HONG KONG

Foreign and Commonwealth Office

London S.W.1

30 December 1974

Dear Your Цаст

I attach an Aide Memoire by the Bank of England on Monetary Management in Hong Kong; and also, as you requested, my personal observations on the Bank of England paper. latter has been discussed with no-one.

The

You will notice that the Bank of England routed their paper through the Department here. We can hardly deny know- ledge of its contents. But for my part I shall lie low; and

if asked for my views I shall confine myself to saying that this is a matter of financial technique between them and you, and that you will no doubt be offering any observations you may have in due course.

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You

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D G Holland

PERSONAL AND CONFIDENTIAL

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