.1/b/let1.20.11
HM Treasury
CONFIDENTIAL
RA Burns Esq
Under Secretary
Foreign & Commonwealth Office
Rm 323
Whitehall
LONDON SW1
(DROIT
Parliament Street London SWIP 3AG Telephone 071-270
стри
4719
Dear Andro
HONG KONG PENSIONS
20 November 19912||||
Le Suò scores
Mr Richelin / Mo Cor: HND
20
Thank you for arranging for our useful discussion of this on 12 November.
We
75/Lord
Contra
subject
agreed that the next step was for officials of the relevant Departments, including the Treasury, to discuss directly with the HKG the question of a transfer of pension liabilities and related assets from the HKG. Such a transfer might be to the officers themselves, to a financial institution on their behalf, or to the UK. We believed that it should be possible to negotiate arrangements which might meet the interests of all concerned.
We have prepared the enclosed draft telegram which proposes such discussions in the near future. I should be grateful to know if you are content with this.
We look forward to learning when the Governor and HKG propose that talks should be arranged. We are at your disposal. We have spoken also to the GAD whose expert advice we believe it would be helpful to have available to us.
Copies of this letter go to Nigel Cox (HK), FCO), John Kerby (ODA), and to Don Rayson and Clive Brancen here.
Gra
Your
вал
MRS S D BROWN
Switchboard 071-270 3000
Fax 071-270 5653
Telex 9413704