S Rew Esq HM Treasury

GFIV

Foreign and Commonwealth Office

CONFIDENTIALLondon SW1A 2AH

HKB 431 16

OCT190

14 September 1990

Dear Simon,

HONG KONG: COMPENSATION/INCENTIVE ARRANGEMENTS

1. I attach a draft telegram to Hong Kong and the other relevant posts, summarising the state of our thinking so far. I have tried to make it a fair synthesis of the views of the different departments, but would be happy to spell out the different interdepartmental views more clearly if you wish.

2. I should be grateful for your comments in the course of next week. I will be in Hong Kong myself from 17 - 20 September, returning to the office on 21 September.

In my absence, comments should be directed to Rosalind Marsden or Gill Coglin.

Cc:

Yours Sincerely Alan Panc

A R Paul

D Fish Esq, ODA, East Kilbride

Mr Fifoot

Mr McLaren

BENAEF

CONFIDENTIAL

File.

62

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