TNAG-2016-FCO40-2871-Relations-between-Hong-Kong-and-Japan-1990 — Page 34

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Reference..

the Bank of Japan's letter which presumably contained this

information. The draft reply to the Reparation Association includes a reference to this type of currency.

4.

Research Department have made the point that large accumulations of the Japanese currency in Hong Kong would mainly be a result of either profiteering or collaboration, as the poorer inhabitant of Hong Kong would be unlikely to hold much. However, the Association do not as far as I can.

see give a figure for the numbers of currency holders that they represent. It is surprising, however, that such a long time has passed before a formal request for compensation has been made. Perhaps a cache of the Japanese notes has been recently discovered!

5. I recommend that a reply along the lines of FED's draft

be submitted to PS/Lord Caithness. We should clear the draft with Legal Advisers; and if you agree with the recommendation I shall put this in hand.

6.

The letter was handed to Lord couthness cn hij visit identical to their letter to the PM. in Hoy long. It is In view of this, you may consider it appropriatio

departmental reply.

For a

Muners.

T Furness

14 November 1990

ATPABY/2

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