SECRET
AKB 182 iz
SECRET
FM HONG KONG
TO DESKBY 28123OZ FCO
TELNO 636
OF 281112Z FEBRUARY 91
AND TO DESKBY 29010OZ PEKING
INFO IMMEDIATE UKREP JLG HONG KONG
TOP COPY Q DIST?
4198
112307
MDHIAN 5861
PEKING PERSONAL FOR CHARGE
UKREP JLG PERSONAL FOR GALSWORTHY
FCO PERSONAL FOR PAUL, HKD FROM GOVERNOR
~ (18)
MY TELNO 611: PADS: THE WAY AHEAD
1. WE ARE FAXING TODAY TO YOU AND TO PEKING THE DRAFT OF A LETTER FROM MACLEOD TO LUO JIAHUAN. GRATEFUL FOR ANY COMMENTS DESKBY 29010OZ (PEKING: 29040OZ). IF YOU ARE BROADLY CONTENT, I SEE MERIT IN IT BEING HANDED OVER TO THE MFA FOR PASSING ONTO LUO ON THE AFTERNOON OF 29 FEBRUARY. WE CAN SEND A CLEAN SIGNED LETTER BY FAX TO PEKING INCORPORATING ANY COMMENTS.
2. THE DRAFT LETTER CONTAINS DETAILS OF THE ACCUMULATED INVESTMENT EARNINGS IN THE EXCHANGE FUND WHICH ARE KNOWN TO ONLY A VERY FEW PEOPLE HERE IN THE HKG. IT SEEMS SENSE TO INCLUDE THESE SINCE THEY MAKE THE WHOLE POSITION ON RESERVES SO MUCH MORE SOLID AND WE ARE WEAKENING OUR OWN CASE BY INABILITY TO REFER TO THESE FIGURES OUT SIDE A SMALL GROUP OF INITIATES. BECAUSE OF THESE EXCHANGE FUND FIGURES I MUST ASK YOU AND PEKING TO ENSURE THAT THE LETTER IS ONLY SEEN BY THE SMALLEST POSSIBLE NUMBER OF PEOPLE.
WILSON
YYYY
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