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AGREEMENTS IS GOING FORWARD.
(VI) AGREEMENT ON THE INTRODUCTION OF A NEW PENSION
SCHEME FOR CIVIL SERVANTS IN HONG KONG.
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(VII) AGREEMENT THAT HONG KONG SHOULD CONTINUE ITS
PRESENT PARTICIPATION IN THE UNIVERSAL POSTAL UNION, THE
WORLD METEOROLOGICAL ORGANISATION, THE INTERNATIONAL
MARITIME ORGANISATION AND THE INTERNATIONAL
TELECOMMUNICATION UNION AFTER 1997. CONSULTATION IS
CONTINUING ON THE PRACTICAL STEPS NEEDED TO ACHIEVE THIS.
SO TOO IS CONSULTATION ON HONG KONG'S PARTICIPATION IN
OTHER INTERNATIONAL ORGANISATIONS, INCLUDING THE CUSTOMS
COOPERATION COUNCIL.
THE WORK OF THE GROUP HAS BEEN TAKEN FORWARD NOT ONLY AT THE
REGULAR PLENARY MEETINGS BUT ALSO BY SMALLER GROUPS OF EXPERTS
MEETING ON AN AD HOC BASIS TO DISCUSS SPECIFIC ISSUES.THE GROUP'S
ACHIEVEMENTS TO DATE HAVE BEEN WIDELY WELCOMED AND APPRECIATED IN
HONG KONG. THE FRIENDLY AND COOPERATIVE ATMOSPHERE IN WHICH ALL
CONTACTS IN AND UNDER THE GROUP HAVE TAKEN PLACE IS MOST
ENCOURAGING AND AUGURS WELL FOR THE CONTINUED CLOSE COOPERATION
THAT WILL BE NEEDED BETWEEN BRITAIN AND CHINA AS 1997
APPROACHES.
(C)
LAND COMMISSION
THE SINO-BRITISH LAND COMMISSION HAS CONTINUED TO MAKE GOOD
PROGRESS, REACHING AGREEMENT ON THE ACCOUNTING ARRANGEMENTS FOR
THE SHARING OF INCOME FROM LAND SALES AND ON THE FORM AND CONTENT
OF A NUMBER OF IMPORTANT LEGAL DOCUMENTS FOR USE IN LAND
TRANSACTIONS IN HONG KONG. UNDER THE JOINT DECLARATION, PREMIUM
INCOME FROM LAND TRANSACTIONS, AFTER DEDUCTIONS FOR THE AVERAGE
COST OF LAND PRODUCTION, IS SHARED EQUALLY BETWEEN THE HONG KONG
GOVERNMENT AND THE FUTURE SPECIAL ADMINISTRATIVE REGION
GOVERNMENT. TO DATE MORE THAN HK DOLLARS 1.4 BILLION HAS BEEN CRED-
ITED TO THE FUTURE SAR GOVERNMENT'S ACCOUNT. THE CHINESE SIDE OF THE
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