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STRICTLY IN KEEPING WITH THE PROVISION OF THE JOINT DECLARATION.WE WOULD ALSO REFER TO THE PROPOSED ARRANGEMENTS FOR FUNDING THE

JUDICIARY.

4.

UNDER (B) WE WOULD DEAL WITH THE REWISED RETIREMENT AGES AND THE PROPOSAL TO EXTEND THE SECURITY OF TENURE OF JUDGES TO

OTHER JUDICIAL OFFICERS.

5. SCHEME.

UNDER (C) WE WOULD DEAL WITH THE PROPOSED NEW PENSION

6.

GRATEFUL TO KNOW IF YOU THINK THIS APPROACH IS BROADLY ON THE RIGHT LINES. IF SO, WE WILL BEGIN DRAFTING A NOTE FOR YOUR AND PEKING'S COMMENTS AS SOON AS EXCO HAS TAKEN A VIEW ON THE

PROPOSALS.

WILSON

HMLNAN 2650

HONG KONG AGREEMENT: RESTRICTED

LIMITED

HD/HKD

HD/FED

RESEARCH D. (FE)

DEP.HD/PUSD

PS/MR RENTON

MR MCLAREN

MR GILLMORE

COPIES TO:

MR FIFOOT, LEGAL ADVISERS

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