CONFIDENTIAL
about is Peking's impact on the public service: police officers and administrators may be asked to adopt a very different way of working from what they know; and the orders from the top will be different. We do not want these doubts to become public.
One that
WHAT SORT OF STERLING SAFEGUARD DO YOU ENVISAGE? is justifiable both here (to Parliament) and in Hong Kong (to HMOCS). Have previously suggested a trigger rate of HK$ 16 to £1 HK$ has never fallen that low. (HMOCS will argue for a much higher rate). This level is fair all round.
CONFIDENTIAL
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