400
CONFIDENTIAL
3. ON THE QUESTION OF THE LIMITED COMPENSATION SCHEME I CANNOT FIND
AMONG THE PAPERS WHICH I HAVE AVAILABLE ANY PRECEDENT FOR A
COMPENSATION SCHEME BEING INTRODUCED BY LOCAL LEGISLATION. EITHER
THEY WERE MADE UNDER AN ORDER-IN-COUNCIL OR THEY WERE INTRODUCED
ADMINISTRATIVELY. COULD I PLEASE THEREFORE HAVE A
SAMPLE OF SUCH LOCAL LEGISLATION?.
4. BUT IN ANY EVENT, IS THERE ANYTHING WRONG WITH HAVING AN ADMINISTRATIVE LIMITED COMPENSATION SCHEME PROVIDING THE PENSION LEGISLATION MAKES ADEQUATE PROVISION FOR THE PAYMENT OF RETIREMENT BENEFITS UNDER THE SCHEME. LEGAL ADVICE HER IS THAT THIS IS IN ORDER. WE WOULD MUCH PREFER NOT TO HAVE TO INTRODUCE SEPERATE LEGISLATION PARTICULAR SINCE THE SCHEME IS TIME BARRED.
AKERS-JONES
YYYY
HMLNAN 0336
HONG KONG AGREEMENT: RESTRICTED
LIMITED
HD/HKD
HD/FED
RESEARCH D. (FE)
DEP.HD/PUSD
PS/MR RENTON
SIR. D. WILSON
MR GILLMORE
COPIES TO:
MR FIFOOT, LEGAL ADVISERS
CONFIDENTIAL