TNAG-1347-FCO40-1777-Financial-policy-in-Hong-Kong-1984 — Page 40

18

SECRET

DD 110100Z PEKING

GRS 149

SECRET

DESKBY 1101002

31490 - 1

HKCK 100/3

RECEIVED IN AGRISTRY

1 1 JUL 1984

FM FCO 1016152 JUL 84

DECK OPTIONS INDEX

NUTRY

TO IMMEDIATE PEKING

TELEGRAM NUMBER 739 OF 10 JULY

No

INFO IMMEDIATE HONG KONG

13

PERSONAL FOR GOVERNOR FROM CLIFT

YOUR MESSAGE IN PEKING TELNO 1359: INTERVENTION ON EXCHANGE

MARKETS

1. I AM SORRY THAT YOU WERE CONCERNED AT THE DISTRIBUTION GIVEN TO YOUR TELNO 1872. I CAN ASSURE YOU THAT THESE TELEGRAMS ARE BEING VERY CAREFULLY PROTECTED. BUT I AM SURE THAT YOU WILL UNDERSTAND THAT THE QUESTION OF THE RELATIONSHIP OF POLITICAL AND OTHER FACTORS IN THE FLUCTUATIONS IN THE EXCHANGE RATE IS ONE OF CONSIDERABLE INTEREST TO MINISTERS AND ON WHICH IT IS HELPFUL I AM GRATEFUL FOR THE TO HAVE BASIC (NOT DETAILED) INFORMATION. MATERIAL IN YOUR TELNO 1884.

12.

I SHALL SUGGEST THAT GALSWORTHY DISCUSSES THIS WITH BREMRIDGE WHEN THE LATTER CALLS. I AM SURE THAT WE SHALL BE ABLE TO REACH AN UNDERSTANDING ON THIS POINT WHICH WILL PROTECT YOUR INTERESTS

AND OURS.

HOWE

NNNN

DISTRIBUTION

MINIMAL

HKD

LEGAL ADVISERS

1

SECRET