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also hoped to talk to the consultants recruited by HKG. Even if HKG considered that the consultancy exercise would simply prove such a scheme to be unworkable for local staff, the Treasury would like to examine how HMG might be able to

make it viable for HMOCS members. Mr Stone foresaw

tremendous problems if arrangements for HMOCS officers became interlinked with Hong Kong's scheme for local

officers - the former getting a better deal than the latter

Mr Fish wondered whether it would be possible to put pressure on HKG to quicken the consultancy procedure.

10. Mr Burns asked whether seeking Ministerial agreement to a compensation scheme only at this stage was worthwhile. Mr Fish thought that it would be seen by HMOCS as so inadequate

that it would only increase pressure from the Associations

for a £ sterling safeguard. The Treasury commented that this was why they had focussed on the sterling safeguard issue when in Hong Kong.

11. Mr Burns wanted to reflect further on two points: how

to consult the Chinese, although he was far from convinced that that would be straightforward; and how we might square local (HK) opinion. We should take advantage of the

forthcoming opportunities for discussion with HKG: Mr Burns'

visit to Hong Kong on 7 January and the Governor's visit to

London (to include a call on the Treasury) from 21-24

January. Mr Kerby thought it was essential to come to a

conclusion about the viability of the private sector scheme

by the time of the Governor's visit. Ms Brown hoped that

HKG would display more flexibility than they had done thus

far in exploring all the options thoroughly. HKG would need

to consider how to make any proposal less divisive by making

arrangements for local staff. She hoped to begin internal

soundings on the private sector scheme in the week of 28

December.

WADABJ/4

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