TNAG-1270-FCO40-1620-Financial-policy-in-Hong-Kong-1983 — Page 113

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SECTION WRN H. CONCLUSIONS

WHILE THE CORE OF THE SCHEME SIMPLY INVOLVES SETTING THE PRICE OF C.P. IN TERMS OF FOREIGN CURRENCY, NO ONE IN THE MONETARY AFFAIRS BRANCH, OR ELSEWHERE, WOULD HAVE IMAGINED THAT THAT WAS ALL THERE WAS TO IT IN PRACTICAL TERMS. WOULD AGAIN EMPHASISE THE ENORMOUS *IMPORTANCE TO PRESENTATHON. BESIDES THAT, THERE IS A CONSIDERABLE AMOUNT OF CONTINGENCY PLANNING BOTH AND HY DUALLY AND IN CONJUNCTION WITH THE HKAB THAT THE MONETARY AFFAIRS BRANCH WILL NEED TO DO. AND THERE ARE ADDITIONAL QUESTIONS OF ACCOMPANYING STEPS, IF ANY, SUCH AS TEMPORARY SUSPENSION OF THE HKAB CARTEL AND REMOVAL OF THE 10 PER CENT INTEREST WITHHOLDING TAX TO CONSIDER.

HADDON-CAVE

1

MINIMAL HRD

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A