CONFIDENTIAL

MDHIA

055246

782

HMG'S OBLIGATIONS TO MEMBERS OF HMOCS. BY HAVING A COMPENSATION SCHEME AND PROVIDING STERLING SAFEGUARDS IT IS HOPED THAT HMOCS OFFICERS WILL CONTINUE TO SERVE UNTIL 1997, AND BY HAVING THE COMPENSATION SCHEME IN ITS PROPOSED FORM, THAT SOME, AT LEAST, WILL CONTINUE TO SERVE BEYOND THIS DATE. BUT EVEN IF WE WERE TO BE UNSUCCESSFUL IN THIS REGARD THE OBLIGATION TO COMPENSATE HMOCS OFFICERS FOR THE LOSS OF THE SECRETARY OF STATE'S PROTECTION AND TO SAFEGUARD THE VALUE OF THEIR PENSIONS REMAINS.

WILSON

YYYY

ΜΑΙΝ

LIMITED

HKD

FED

22

ADDITIONAL

5

MR J KERBY, ODA

DISTRIBUTION

27

RMD

SIR J COLES MR BURNS

DIV)

HMT

MR D FISH, ODA

MRS S BROWN, AEF 1, HMT

MR D RAYSON (SUPERANNUATION

MISS BROOKS, LEGAL ADVISERS

NNNN

PAGE 4 CONFIDENTIAL

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