SECRET
FM FCO
TO IMMEDIATE HONG KONG
TELNO 60
OF 16170OZ JANUARY 92
SECRET
@
007216 MDHOAN 8097
this call TOP COPY
Q DIST?
Mu Store or
2011
INFO PRIORITY PEKING, UKREP JLG HONG KONG
(6)
Ара
17/i
YOUR TELNO 124 AND PEKING TELNO 7: CONFIDENTIAL FINANCIAL DIALOGUE
PERSONAL FOR GOVERNOR FROM RICKETTS HKD
PEKING PERSONAL FOR AMBASSADOR
UKREP JLG PERSONAL FOR PAUL
1. WE ARE CONTENT FOR PEKING TO DISCUSS WITH THE CHINESE POSSIBLE DATES FOR A MEETING IN FEBRUARY BUT WOULD PREFER NOT TO GIVE THE CHINESE A DRAFT AGENDA YET.
2.
WE WISH IN PARTICULAR TO CONSULT THE BANK OF ENGLAND AND TREASURY, AND POSSIBLY MINISTERS, ABOUT YOUR PROPOSAL TO PUBLISH ANNUALLY THE SIZE OF THE EXCHANGE FUND. ONE CONSIDERATION IS WHETHER SUCH PUBLICATION COULD RESTRICT THE SCOPE FOR MANOEUVRE IN AN EMERGENCY OFFERED BY SECTION 8 OF THE EXCHANGE FUND ORDINANCE: BUT WE ASSUME THAT IT WOULD NOT, SINCE ANY FUNDS THUS TRANSFERRED OUT OF THE FUND WOULD HAVE TO BE PLACED IN ANOTHER FUND SUBJECT TO PUBLICATION. GRATEFUL YOUR VIEWS.
WOULD YOU CAND COPY ADDRESSEES) EXPECT THE CHINESE TO FAVOUR PUBLICATION?
3 =
HURD
YYYY
ΜΑΙΝ
23
HK CONFIDENTIAL FINANCIAL
(DIALOGUE)
LIMITED
HD/HKD
HD/ERD
DISTRIBUTION
31
HD/ECONOMIC ADVISERS
PS
PS/LORD CAITHNESS
PS/PUS
SIR J COLES
PAGE
SECRET
1
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