TNAG-1652-FCO40-2300-Hong-Kong-Exchange-Fund-Ordinance-1987 — Page 7

OCMIAN 4504

SECRET

OO HOKON

FM FCOLN TO HOKON

021000Z FEB

GRS 114

SECRET

SECRET

TOP COPY Q DIST14574-

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HKK

10

25/1

RECEIVED IN REGISTRY

- 3 FEB 1987

FM FCO

DESK OFFICER

REGISTRY

TO IMMEDIATE HONG KONG

TELNO 300

INDEX

VA

Action Taken

OF 021000Z FEBRUARY 87

PERSONAL FOR FINANCIAL SECRETARY FROM HUM, HKD

YOUR TELNO 312: EXCHANGE FUND ORDINANCE

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THE SECRETARY OF STATE'S APPROVAL IS GIVEN, UNDER SECTION 3(5) OF THE HONG KONG EXCHANGE FUND ORDINANCE FOR YOU TO INTRODUCE INTO THE LEGISLATIVE COUNCIL A RESOLUTION TO RAISE THE EXCHANGE FUND BORROWING LIMIT FROM HK DOLLARS 30,00U MILLION TO HK DOLLARS 50,000 MILLION.

HOWE

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MAIN

LIMITED

HKD

ECONOMIC ADVISERS

LEGAL ADVISERS

MR GILLMORE

SIR D WILSON

COPIES TO:

MR C KELLY, HM TREASURY

MR C ELSTON, BANK OF ENGLAND

MR FIFOOT, DEPUTY LEGAL

ADVISER

SECRET

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