CONFIDENTIAL
FM HONG KONG
TO IMMEDIATE FCO
TELNO 1663
OF 2410OOZ MAY 90
CONFIDENTIAL
MB43
STRY
NY
GKTRY
Action Taken
53
150515
MDHIAN 1996
FOR STONE, HKD FROM SHIPLEY, CSB
YOUR TELNO 1020 : MP'S LETTER : MATTERS OF CONCERN TO AECS.
1. IT IS UP TO YOU IF YOU WISH TO PURSUE THE QUESTION OF THE COMPARATIVE VALUE OF HONG KONG AND UK PENSIONS. WE THINK IT IS IRRELEVANT IN THE CONTEXT OF MAINTAINING THE STERLING VALUE OF PENSIONS. THE FACT THAT HONG KONG PENSIONS MAY BE HIGHER THAN UK PENSIONS IN ABSOLUTE TERMS SURELY DOES NOT MEAN THAT THEIR VALUE SHOULD NOT BE MAINTAINED IN THE SAME MANNER AS OTHER HMOCS PENSIONS IN THE LONGER TERM. WE THEREFORE BELIEVE THIS POINT WILL LEAD TO FURTHER CORRESPONDENCE WITH OSPA BUT AS WE HAVE SAID IT IS UP TO YOU IF YOU WISH TO GO DOWN THIS PATH.
2. WE REGRET MISSING THE DESKBY BUT SHIPLEY HAD SIGHT OF YOUR TUR
AT 240845Z.
WILSON
YYYY
ΜΑΙΝ
14
MINIMAL
ADDITIONAL
1
MR FISH, ODA, PENSIONS
NNNN
DISTRIBUTION
15
HKD
1
PAGE CONFIDENTIAL
Page 30Page 31