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MR PAUL, HKD
1
То
Lord Caithnısı'
communta
below.
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PA
Iam Bull.
Apa / Los Caithmon
FROM: A R Paul
Hong Kong Department
DATE: 25 January 1991
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PS/Lord Caithness
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Mr Burns
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LETTERS FROM EX HONG KONG CIVIL SERVANTS: HMOCS PENSIONS AND
SUPPLEMENTARY PENSION FOR OVERSEAS SERVICE (SPOS)
Value of pensions
Gricence
thie
UK
H.K.
ода
Need to be careful of wording
to support new heber by Off
Problem
1.
such letters How many people are are talking about
Lord Caithness has received two letters from retired
Hong Kong members of HMOCS about the depreciating value of their pensions and, unsatisfactory SPOS arrangements.
What
happen
чт
97
Recommendation her bequemet.
•
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261
I recommend a Departmental reply be sent to these
letters along the lines of the attached draft.
Background
3.
ODA agree.
As Lord Caithness is aware, Hong Kong HMOCS pensioners who have retired to this country have become increasingly concerned about the erosion in the value of their pensions,
as a result of the depreciation of the Hong Kong dollar
against sterling. These concerns have become more acute in
recent months, following the sharp fall in value of the US dollar (to which the Hong Kong dollar is linked) and
sterling's entry into the Exchange Rate Mechanism. The rate has fallen by about 25% in the past year.
4. HMOCS pensioners' feelings were further aroused by a letter which Mr Maude wrote to Mrs Edwina Currie which
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