Rt Hon Merlyn Rees PC MP
House of Commons
London
SW1A OAA
NSID
Thank you for your letter of 3 September enclosing one from Mr Graham C s/Smith of the Association of
Expatriates Civil Servants (AECS) which raises matters of
concern to members of Her Majesty's Overseas Civil
Service (HMOCS).
I
Supplementus Pension for Overseas Service AECS ask about revising the (SPOS) arrangements. know that some question the way that SPOS works, but I understand
Present believe that many regard the (arrangements as
have yet to be
That
Sufficient satisfactory. I am not therefore convinced there is a
case for changing them, although we shall naturally keep
the matter under review.
AECS also ask about protection against depreciation
of the Hong Kong dollar. As you know, the Hong Kong dollar is linked to the US dollar. This link has proved extremely resilient. It is true that the Hong Kong dollar has declined against sterling over the past few
before years, but prior to that it had been on a strengthening
I'm shon,
it is far from clear
trend.
Overall, I am not convinced that the present
CEWAAK
strong