SECRET

055171

MDHOAN 2811

willingness to accept a worse safeguard rate in exchange for the

SPOS amendment.

7. We believe that the proposal set out above would provide just enough to hold further consultations with the HMOCS Association. However, we would resist any attempt by the Treasury to get us to agree that such a proposal would represent a final offer and that no adjustments should be made following further consultations with the Association.

8. Grateful for your views.

HURD

YYYY

MAIN

44

DISTRIBUTION

44

.HER MAJESTY'S OVERSEAS

.CIVIL SERVICE RESTRICTED

HKD

LEGAL ADVISERS//MISS BROOKS FED

NEWS D

RAD//MR WYE

RMD

RFD

OVERSEA PENSIONS/ODA//MR FISH PS

PS/MR GOODLAD

PS/PUS

SIR J COLES

MR HUM

MR KERBY

MR MUIR

NNNN

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