TNAG-2752-FCO40-3967-Organisation-for-Economic-Co-operation-and-Development-(OECD-1994 — Page 263

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Foreign & Commonwealth

Office

6

File

26 March 1993

P Ackroyd Esq

MRED

ODA

94 Victoria Street

London SW1

HKB 091/3

RECEIVED IN REGISTRY

30 MAR

DESK OFFICER INDEX

PA

J

13

REGISTRY Action Taken

London SWIA 2AH

Telephone: 071-2702651

Dear Mr Ackroyal,

DEVELOPMENT CENTRE WORK PROGRAMME: PROPOSED 1994 SHORT TERM STUDY ON "CHINA'S FUTURE OUTLOOK AND THE HONG KONG DOLLAR"

1.

Further to our telephone conversation, I attach copies of telegrams from Hong Kong and Peking setting out their views on the OECD proposal. You will see that these telegrams have already been copied to UKDel OECD.

2.

We can fully appreciate Hong Kong's reluctance to go along with this study, and in particular their concern that the study would focus on the Hong Kong dollar. But we would have no objection to a study which focused more on China's reform experience and Hong Kong's role as China's door to the outside world. In this context, it would be more appropriate to look at the Chinese monetary and exchange rate policy than the Hong Kong dollar.

3. I would be grateful if you would take the above into account in replying to UKDel OECD.

your micvely

Nigel Wad

N Whitney

Hong Kong Department

CC:

S Chakrabarti Esq

APD, ODA

L Bristow-Smith Esq

FED, FCO

JC Millett Esq

ERD,

FCO

Ms S O'Connell

ERD, FCO

C Lane Esq

Economic Advisers

ackroyd26.3/LETTERS/NJH

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