TNAG-1270-FCO40-1620-Financial-policy-in-Hong-Kong-1983 — Page 57

3

SECRET

10

5. SHALL ALSO COMMENT POSIT-ÞVELY ON THE SCHEME AND PRESENT WT AS

AN EXPRESSION OF OUR CONFIDENCE IN THE CURRENCY AND THE ECONOMY

UNDERLYING BT.

6. SATURDAY NOON WAS CHOSEN TO ENSURE THAT THE FIRST IMPACT

OF THE SCHEME WILL BE ON THE HONG KONG MARKET ON MONDAY AND

NOT ON MARKETS ABROAD AS WOULD BE THE CASE IF THERE WERE AN

ANNOUNCEMENT TONIGHT,

YOUDE

COPIES TO:

LIMITED

MR GIFFARD

MR BURROWS

HD/HKD

HD/ERD(MR APPLEYARD)

PS

PS/MR LUCE PS/PUS

MR EVANS MR DONALD

MR D PERRETZ

MR D HOLLAND

LEGAL ADVISERS

TREASURY

BANK OF ENGLAND

· 2 -

SECRET