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MDHOAN 1190
THAT THE COMPENSATION SCHEME WILL BE CAST AS A COMPENSATION/INCENTIVE SCHEME. IN PRACTICAL TERMS, AND SUBJECT TO CONSULTATION WITH HMOCS OFFICERS IN HONG KONG, THIS MIGHT INVOLVE A MAXIMUM ENTITLEMENT OF APPROXIMATELY
ONE AND A HALF TIMES ANNUAL SALARY FOR A TYPICAL OFFICER IN 1997. PART WILL BE PAYABLE AS COMPENSATION FOR THE REMOVAL OF THE SECRETARY OF STATE'S AUTHORITY IN 1997: AND THE OTHER PART AS AN INDUCEMENT TO PERSUADE OFFICERS TO CONTINUE IN THE SERVICE OF THE HONG KONG SARG. ALL ELEMENTS WILL BE WORKED OUT WELL BEFORE 1997 AND WILL BE PAID BY HMG DIRECT. ALTHOUGH ALL FIGURES WILL BE WORKED OUT BEFOREHAND, OFFICERS CONCERNED WILL NOT BE GIVEN ACCESS TO THE INDUCEMENT ELEMENT UNLESS THEY CONTINUE TO SERVE BEYOND 1 JULY 1997.
HMG WILL BRIEF THE CHINESE ON OTHER ASPECTS OF THE ARRANGEMENTS FOR HMOCS OFFICERS BEFORE DECISIONS ARE ANNOUNCED.
8.
HURD
YYYY
ΜΑΙΝ
26
HKD
FED
NEWS D RMD
ADDITIONAL
3
LEGAL ADVISERS//MISS BROOKS
ODA//MR KERBY
NNNN
DISTRIBUTION
29
PS/LORD CAITHNESS
SIR J COLES
MR BURNS
ODA//MR FISH
PAGE
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