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aef1.1g/kw/10.8.7

CONFIDENTIAL

Any proposals for reshaping existing package should cover:

cost;

effect of benefit.

3. Early retirement

an

Any options for each element of any HMG support package must be set against the implications of the HK Government agreeing

early retirement scheme.

4.

SPOS

For consideration in the light of the above.

CONFIDENTIAL

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