aef.lw/jamie/1.31.10.91

HM Treasury

USIC

ET MUN

HKB 233/1

Parliament Street London SWIP 3AG Telephone 071-270

1765 p.a. pls.

R A Burns Esq

Foreign and Commonwealth Office

King Charles Street

LONDON SW1

Dean Dr. Befons,

Ms withians

31 October 1991

M. Cox:HKD

|51|\\\ Te Mo Kerby :09A

M. Füh:ODA Mr Muis

HONG KONG: COMPENSATION/INCENTIVE SCHEME AND PENSIONS ARRANGEMENTS FOR HER MAJESTY'S OVERSEAS CIVIL SERVICE

Thank you for your letter of 15 October. I understand a meeting is being arranged.

In the meantime, I would be grateful for sight of the details of your calculations of the potential costs of providing a sterling safeguard. Similarly, it would be helpful if you could give

further details of the calculation of the costs of the SPOS adjustments.

Yours sincerely

Janne Mutiun

JE MORTIMER

Switchboard 071-270 3000

Fax 071-270 5653

Telex 9413704

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