EXTRACT FROM DRAFT DVO PAPER
20%
20. The dependent territories would be affected in due course and during negotiations for the independence of any of them arrangements would have to be made to ensure that their pensions problems were dealt with on the lines new proposed for countries already independ-
ant.
Meanwhile the matter in their case will presumably be dealt with on merits through budgetary aid. To distinguish in this way between independent countries and dependent territories has the Xincidental advantage of obviating for the foreseeable future a special difficulty in the case of Hong Kong which of all the dependent territories would not really need the financial assistance which a take-over of expatriate pensions would bring.
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