TNAG-1773-FCO40-2525-Hong-Kong-Exchange-Fund-Hong-Kong-Futures-Exchange-Limited--1988 — Page 175

SECRET

FM FCO

TO PRIORITY HONG KONG

TELNO 211

OF 25124OZ

SECRET

HKC 105/

RECEIVED IN REGISTHI

26 JAN 1988

DESK OFFICER

REGISTRY

INDEX

PA

Action Taken

JANUARY 88

INFO PRIORITY PEK ING

003514

MDLOAN 9999

TOP COPY a DIST ?

YOUR TELNO 231: BANK OF CHINA

1. WE, THE BANK OF ENGLAND AND THE TREASURY SEE NO OBJECTION TO

WHAT IS PROPOSED. WE THINK THERE COULD WELL BE BENEFIT IN

INVOLVING THE BANK OF CHINA MORE CLOSELY IN ACTION IN THE FOREIGN

EXCHANGE MARKET IN SUPPORT OF MAINTAINING THE LINK.

2.

PLEASE THEREFORE APPROACH THE BANK OF CHINA AS YOU PROPOSE

IN PARA 7 OF TUR.

HOWE

YYYY

ΜΑΙΝ

34

DISTRIBUTION

36

LIMI TED

HK D

E CONOMIC ADVISERS

PS

PLANNERS

PS/LORD GLENARTHUR

PS/PUS

MR GILLMORE

MR MCLAREN

ADDITIONAL

2

MR D PERETZ

HM TSY

N N N N

MR A LOCHNIS BANK OF ENG

PAGE

SECRET

1

2