TNAG-1347-FCO40-1777-Financial-policy-in-Hong-Kong-1984 — Page 42

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

327/16

Ł+ 165/1

00 FCO

OO LONG KONG

GRS 160

ADVANCE

10 / HKD

today IMMEDIATE

Sox 18

NO DISTRIBUTION

SECRET

DEDIP

FROM PEKING 101200Z JUL 84

TO IMMEDIATE FCO

TELEGRAM NUMBER 1359 OF 10 JUL

INFO IMMEDIATE HONG KONG

HKK

100/3

RECEIVED IN REGISTRY

11 JUL 1984

DESK CAFISKA

REGISTRY

F

tion Taken

по

выз

FOLLOWING STRICTLY FOR CLIFT HONG KONG DEPT. FROM GOVERNOR YOUR TELNO 1257

1. 1 AM AFRAID I WAS DISTURBED RATHER THAN REASSURED TO SEE

THE DISTRIBUTION GIVEN TO MY TELNO 1872. I HAD UNDERSTOOD 13 THAT ALL MY FINANCIAL TELEGRAMS WOULD BE SEEN ONLY BY A

VERY SMALL GROUP OF NAMED OFFICIALS (IN HONG KONG THIS EXCHANGE

OF TELGRAMS IS DISTRIBUTED ONLY TO THE FINANCIAL SECRETARY

AND MY PRIVATE SECRETARY).

2. I AM CONTENT THAT THE F.S. SHOULD SEND YOU GENERAL COMMENT

ON HOW THE SYSTEM IS WORKING. (AS IN PARA 3 LOF MY TELNO 1872).

BUT I REGRET THAT I AM NOT PREPARED THAT HE SHOULD SEND DETAILS

OF THE EXTENT OF GOVERNMENT INTERVENTION. IN ANY CASE, SUBJECT TO THE FINANCIAL SECRETARY'S VIEWS, THIS COULD GIVE ONLY A PARTIAL PICTURE SINCE IT WOULD NOT TAKE ACCOUNT OF HONG KONG BANK INTERVENTION (AND WE HAVE NO AUTHORITY TO RELEASE

INFORMATION ON THAT) NOR OF OTHER MEASURES TAKEN BY THE FINANCIAL

SECRETARY 5.G. TO AFFECT INTEREST RATEDS.

3.

I THINK YOU WILL, IN ANY CASE, FIND THAT OUR COMMENTS ON THE OVERALL WORKING OF THE SCHEME WILL MEET MINISTERS NEEDS.

EVANS

NNNN

pr

Rok p?... FA M Hoar 1017 Mr.

Reply sent

M. Hoare

Thig so not v. helpful.

is

I think he is mixing up

I Mink Mr. Galsworking

and

different

sorts of finqucial dels. Pl conside

talk to Sir I Bremridge

about this. Pl. arrange a note for him

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