[Hu
020
2 O NOV 1988
Mr Thomas
Claims Department
PA
235
ozoli
Mr. Folk Hope
FROM: APS/Mr Eggar
DATE: 10 November 1987
cc: Miss Pestell
Mr Grainger, Legal Advisers
FED
HK D
Dr Hoare, Research Dept Mr Griffiths, Finance Dept
CHINA ORDER-IN-COUNCIL
1. Thank you for your telephonic response to my minute of 4 November.
2.
Mr Eggar has now given further consideration to your submission of 30 October and is content for officials to proceed with the drafting of the China Order-in-Council as proposed.
3. Mr Eggar has specifically agreed to
(a) the reversion to judicial determination of bond claims; (b) similar arrangements for exchange rate and an interim
payment on the lines of the Russian Order;
(c) no compensation for guaranteed interest Chinese bond
holders;
(d) the exclusion of "bona vacantia" claims. (Mr Eggar has
commented that he would be willing to take this up with the Treasury if they remained unhappy with this proposal); and (e) the inclusion of pension claims, subject to the usual
nationality requirements.
Caroline Hart
Caroline Hart