TNAG-2116-FCO40-3021-Future-of-Hong-Kong-Sino-British-Joint-Declaration-action-ch-1990 — Page 82

CONFIDENTIAL

Whether the

- 2 -

Annex I Section VII : Monetary System

CA Branch Liaison Officer : PAS(CA)5

Chinese need

Date for

Item &

JD/BL reference

Action

to be consulted/ informed and

HMG/HKG

Officer⭑

if so, timing

to start deliberation

Present Position

Relevant Considerations

b. Bring control of

*SMA

Might be

1991

Exchange Fund wholly

within the authority

DSMA DS (MA)2)

necessary

of HKG (i.e. amend

Exchange Fund

Ordinance (Cap. 66)

S. 3(2), 3(5) and 8

* Please mark an '*' against the officer with overall responsibility

CL8

CONFIDENTIAL

?

Connected with the wider issue of transfer of the powers of the executive (vested in this case in the Financial

Secretary) to the

legislature.

Changes, if

any, in the present position will have to be consistent with any

?

10th Edition

(June 1990)

1995

Target Completion Date

Joover

better

excuse

less

Go che

chriere to stick

their oar in.