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@1-MAR-1993 17:45

PAUL FIFOOT

To: NIGEL WHITNEY

FAX TRANSMISSION HKA 233/1

Hong Kong Department, FCO

Fax no. 071 270 3387

Pages, including this page, 2

From: PAUL FIFOOT

Fax and tel no.: 0372 723755

Date: 1st March 1993

DESK X

PA

0322723755

U 3 MAP 1993

TRY

REGISTRY

Action Taken

Bop 3/3.

Вр

Jear Nigh

HONG KONG: COMPENSATION AND STERLING SAFEGUARDS

1. Thank you for sending me the re-typed version of the revised draft of the Compensation Scheme. In addition to the omission of the sub-paragraphs following paragraph 8(1), which you mentioned on the telephone, there are a number of other errors principally of lay-out. I have amended the draft and I am sending it to you by post this evening.

2. I have looked again at the draft of the sterling safeguard scheme. Following our preliminary look at the draft in January, there are two changes which should be made before you send it to Hong Kong and the Treasury:

(a) Paragraph 2(1), line 2: delete "(wherever

resident)" and substitute "(other than such members or dependants resident in Hong Kong or elsewhere in the People's Republic of China)";

(b) Paragraph 4(1), line 1: delete "If" and substitute "Subject to sub-paragraph (3) of this paragraph, if";

(c) Add a new sub-paragraph 4(3): "(3) No supplement shall be payable under this paragraph

in respect of [any year or period] unless the pensioner has transferred the equivalent of the sum paid to him during that [year or period] as

1

P.01

47

TOTAL P.01

Page 30Page 31

01-MAR-1993

17:07

PAUL FIFOOT

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