Page 66
Telegram to Governor, Hongkong.
Your telegram
SECRET.
Following from Treasury for Rogers.
19
Secretary of State for the Colonies, telegram
No.271, will have given you the best reply to your
telegram under reference.
2. We now expect to make technical arrangements with
American banks which will establish a New York market in
sterling convertible at official rate.
3. This should virtually eliminate free sterling
from all transactions between the Dollar Area and the
Sterling Area.
4. You should also be prepared for a complete ban
of any leakages of sterling into the free market from the
unified area jointly covered by the British, French, Dutch
and Belgian Controls.
5.
Please telegraph any comments you may wish to
make on the likely reactions in your markets.
Page 66
Page 66
Page 66
No comments yet.
Private notes are available after approval.