CONFIDENTIAL
5. TODAY'S SING FAO ALSO HAD A SHORT TEM SAYING THAT MR. GOODHART HAD COME TO HONG KONG RECENTLY TO STUDY MEASURES TO STABILISE
THE EXCHANGE RATE. THE PAPER HOWEVER ONLY ASKED FOR CONFIRMATION FROM A GOVERNMENT SPOKESMAN WHO WOULD NOT CONFIRM.
6. THE FINANCIAL DAILY IN ITS REPORT ABOUT LIKELY GOVERNMENT MEASURES TO BE ANNOUNCED SOON, SAND ONE OF THESE WAS TO REQUIRE BANKS TO KEEP PART OF THEIR LIQUID ASSETS IN HONG KONG DOLLARS. THE PAPER SAND TALK ABOUT THIS HAD BEEN CHRCULATING WIDELY IN BANKING CURCLES AND HAD AFFECTED THE INTERBANK RATE.
YOUDE
LIMITED
HD/HKD HD/ERD
NEWS D (MR ROBERTS)
PS
PS/MR LUCE
PS/PUS
MR GIFFARD
MR EVANS
MR DONALD
COPIES TO:
MR D PERETZ, TREASURY
MR D HOLLAND, BANK OF ENGLAND
2
CONRENTIAL
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