TNAG-1434-FCO40-1917-Hong-Kong-leading-personality-Sir-Yue-Kong-Pao--businessman-1986 — Page 306

CA TAAJ

CONFIDENTIAL

SIR Y K PAO'S CHEVENING WEEKEND

15-16 MARCH 1986

V.

HONG KONG CIVIL SERVICE PAY

Points to Make

1.

to

For Hong Kong Government

employees. Understand these a re set

private sector pay levels.

2.

determine pay

scales of its

by reference

to comparable

continue to be

Am confident that Hong Kong Government will

prudent in its financial management. Encouraging that Hong Kong

budget now in surplus: understand that public sector expenditure

should remain at 16% of GDP in next financial year, an impressively

low figure.

CONFIDENTIAL