CONFIDENTIAL.
FM FCO
TO PRIORITY HONG KONG
TELNO 1869
OF 14093OZ SEPTEMBER 89
CONFIDENTIAL
15/9
.B
137376
MDLDEN 0521
"ON lie to me ply
ماشا
STONE 18/9
49.
HK B 43
16
FOR WILLIS CSB FROM STONE HKD
17 1
YOUR TELNO 2991: POLICE FORCE COUNCIL : PENSION SAFEGUARDS
1. WE DO NOT THINK THAT WE CAN GO FURTHER THAN THE GENERAL STATEMENTS WHICH WE HAVE ALREADY MADE, WHICH ARE TO REITERATE THAT :
THE JOINT DECLARATION STATES THAT PUBLIC SERVANTS PREVIOUSLY SERVING IN HONG KONG IN ALL GOVERNMENT DEPARTMENTS INCLUDING THE POLICE, MAY ALL REMAIN IN EMPLOYMENT AND CONTINUE THEIR SERVICE WITH PAY, ALLOWANCES, BENEFITS AND CONDITIONS OF SERVICE NO LESS FAVOURABLE THAN BEFORE.
THE JOINT DECLARATION ALSO PROVIDES FOR THE SARG TO PAY ALL PENSIONS GRATUITIES, ALLOWANCES AND BENEFITS DUE TO THEM ON TERMS NO LESS FAVOURABLE THAN BEFORE AND IRRESPECTIVE OF NATIONALITY OR PLACE OF RESIDENCE.
WE HAVE NO REASON TO BELIEVE THAT THE SARG WILL DEFAULT ON PENSIONS.
WE WOULD ALSO OBSERVE THAT HKG'S RESERVES ARE SUBSTANTIAL. WE WONDER WHETHER YOU WILL NOT INFACT COME UNDER GREATER PRESSURE (GREATER THAN HMG TO UNDERWRITE) TO FUND THE PENSION SCHEME
BEFORE 1997.
MAJOR
YYYY
MAIN
14
MINIMAL
ADDITIONAL
1
MR FISH,
(PENSIONS DEPT, ODA)
NNNN
DISTRIBUT ̋ON
15
HKD
PAGE 1 CONFIDENTIAL