Pridente
ECCOSTARY
Load Cantil
ad
CONFIDENTIAL
Sevotary of
25 FEB 1992
Pa
State
W56
approud the fraft.
le-2-tང
Am / Cort Caithum
25:1
FROM: P F Ricketts, HKD
DATE: 25 February 1992
cc: PS/PUS
Sir J Coles
Mr Muir
Mr Kerby, ODA
Miss Brooks, Legal Advisers
has seen & approved
Mr Burns PS/Lord Caithness
Private Secretary
Afichetts, HMD.
Thadeo.
HONG KONG: HMOCS
یی
Problem
The Chief Secretary's unhelpful response to our proposal for an announcement by Lord Caithness in Hong Kong
next week.
1.
Recommendation
2.
That the Secretary of State minute the Chief Secretary explaining why his proposal is unacceptable, offering a "compromise" and suggesting discussion in OD (K) if the Treasury cannot accept it. I submit a draft.
Background and Argument
A 3. The Secretary of State's minute of 11 February proposed that, pending clarification of the feasibility of one option for addressing the sterling safeguards issue, Lord Caithness should announce in Hong Kong next week that we have drawn up a compensation/incentive scheme and will open consultations
NC1ABU/1
CONFIDENTIAL