CODE 18-77
CONFIDENTIAL
Reference
HK pensions fall below the sterling value of equivalent UK
and civil service pensions. CSB want to convince us otherwise. For the record
I attach their paper an
Itrocs pensions,
4.
I have advised CSB to extend the deadline for transfers
to the permanent establishment for one year to March 1992.
-
They understand this but will only do so nearer March 1991.
I have also outlined our plans to consult the Chinese, which
they find sensible.
5.
I recommend we get Shipley in to London soon in
November.
We have at least a year's work ahead before we
might be able to go public.
15 October 1990
CC: Miss Marsden
Ms Coglin
м.
M V Stone
EELAIT/2
CONFIDENTIAL