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157
022430
MDHOAN 1897
нка 23311
TOP COPY Q DIST?
Pa
SECRET
FM FCO
TO IMMEDIATE HONG KONG
TELNO 543
OF 24170OZ MARCH 92
INFO PRIORITY PEKING, UKREP JLG HONG KONG
PERSONAL FOR GOVERNOR
166
OUR TELNO 372: HMOCS: COMPENSATION/INCENTIVE SCHEME
1.
M
2513
WE HAVE REFLECTED FURTHER ON HOW TO HANDLE OUR CONSULTATIONS
WITH THE HMOCS ASSOCIATION ON THE COMPENSATION/INCENTIVE SCHEME. SUBJECT TO YOUR VIEWS WE CONSIDER THAT THE BEST WAY TO OPEN CONSULTATIONS WOULD BE BY MEANS OF A WRITTEN COMMUNICATION ON THE LINES OF THE DRAFT STATEMENT IN MIFT. THIS TELEGRAM SETS OUT AN EXPLANATION OF OUR THINKING, HIGHLIGHTING POINTS OF PARTICULAR UNCERTAINTY. WE WOULD WELCOME YOUR COMMENTS
AND ADVICE.
2. IN GENERAL WE WISH TO GET THE MAXIMUM CREDIT FOR OUR SCHEME AND TO ENCOURAGE AS MANY HMOCS OFFICERS AS POSSIBLE TO RESPOND POSITIVELY TO THE INCENTIVE IT OFFERS TO CONTINUING SERVICE IN
HONG KONG THROUGH 1997. WE WISH TO TACKLE THE CONSULTATIONS
ABOUT IT CONSISTENTLY WITH THESE GENERAL OBJECTIVES AND IN THE WAY LEAST LIKELY TO PROVOKE BAD FEELINGS OR PUBLIC CONTROVERSY. WE HOPE THAT HMOCS OFFICERS WILL SEE IT AS BEING IN THEIR
INTERESTS TO ACCEPT THIS COMPENSATION PACKAGE WITH REASONABLE
GRACE (ALBEIT AFTER AN ATTEMPT TO IMPROVE ITS TERMS AS FAR AS POSSIBLE) BEFORE THEY PRESS THEIR CAMPAIGN FOR STERLING SAFEGUARDS (AND PERHAPS FOR THE RIGHT OF EARLY RETIREMENT IN
1997 WITH IMMEDIATE PAYMENT OF PENSION).
3.
WE ENVISAGE THAT THE STATMENT IN THE MIFT MIGHT ISSUE IN
THE WEEK BEGINNING 6 APRIL IN THE FORM OF A LETTER TO MR M CARTLAND, AS INTERIM CHAIRMAN OF THE HONG KONG HMOCS ASSOCIATION, FROM THE LEADER OF THE TEAM WHICH WOULD LATER VISIT HONG KONG FOR FACE-TO-FACE CONSULTATIONS, PERHAPS IN MID-MAY. THIS IS LIKELY TO BE AN ODA OFFICIAL
WE ARE NOT CERTAIN WHETHER IT WOULD BE BETTER FOR THE
LETTER TO GO TO CARTLAND ALONE OR TO EVERY HMOCS OFFICER IN HONG KONG AND EVERY CONTRACT OFFICER WITH THE RIGHT TO APPLY FOR
HMOCS MEMBERSHIP. IN EITHER CASE WE WOULD HOPE TO USE HKG'S
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