CONFIDENTIAL
044725
MDLIAN 0802
WEEK. THERE WAS SOME DISCUSSION OF, BUT NO SUPPORT WHATSOEVER FOR, MARGOLIS' IDEAS. IT WOULD SIMPLY NOT MAKE SENSE IN OUR VIEW TO PUT SUCH PROPOSALS TO THE CHINESE WHEN WE HAVE STRONG RESERVATIONS ON THEM OURSELVES.
8. NEVERTHELESS WE PROPOSE TO GO OVER THE GROUND AGAIN WITH STAFF AS PART OF OUR ONGOING DIALOGUE WITH THEM ON THE GENERAL SUBJECT OF PENSION SAFEGUARDS. AS ALREADY MENTIONED, WE REMAIN INTERESTED IN EXPLORING ALL OPTIONS, AND THEREFORE WE WOULD BE KEEN TO SEE BARINGS ADVICE AS SOON AS POSSIBLE. WE CAN CONSIDER OBTAINING A THIRD OPINION AFTER WE HAVE STUDIED IT.
PATTEN
YYYY
ΜΑΙΝ
39
OVERSEAS
DISTRIBUTION
39
.HER MAJESTY'S
.CIVIL SERVICE RESTRICTED
HKD
LEGAL ADVISERS//MISS BROOKS
FED
NEWS D
RAD//MR WYE
RMD
OVERSEA PENSIONS/ODA//MR FISH
PS
PS/MR GOODLAD PS/PUS
SIR J COLES
MR HUM
MR KERBY
NNNN
PAGE
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CONFIDENTIAL