Reference.....
I strange that
we had not take ove the Mentions earlier.
but poops the Amin, comp Was was)
Uganda
10.
Since Uganda defaulted in 1976/77, HMG had to begin by paying loan advances as there was no takeover agreement in existence. In 1982 an agreement was drawn up and the loan advances were then converted into legitimate pensions from 1985. The reason for the delay between the date of the agreement and the date of the actual takeover of pensions was due to lack of data.
CODE 18-77
Public Officers Agreements (POAS)
11. The early POAS (eg in Ghana) required payment of pensions in sterling. The later POAS required that "where a pension is payable outside
[the country concerned] after the appointed day, it shall be paid in the currency of the country in which payment is to be made, and the amount of the payment shall be such as would produce, at the official rate of exchange prevailing at the date of payment, the amount in sterling of the pension calculated as at the official rate of exchange prevailing on the date of the signature of this agreement".
12. It is therefore inaccurate to say that the local governments in the cases of the Bahamas, Bermuda and Brunei pay the full pension at the fixed (safeguarded) exchange rate to sterling. These "wealthy" countries sometimes in fact pay more than the rate agreed in the POA. In this case the ODA subtract the additional amount from the pension supplement due.
Conclusion
13.
Although the practical arrangements in the territories have varied, it is important to note that HMG have ensured that they have left no territory "unprotected", ie the sterling value of HMOCs pensions has been safeguarded in some way or other.
Qwilliares
E L Williams
6 April 1992
REGABR