TNAG-1456-FCO40-1980-Future-of-Hong-Kong-annual-report-to-Parliament-on-Hong-Kong-1986 — Page 114

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AGREEMENTS IS GOING FORWARD.

(VI) AGREEMENT ON THE INTRODUCTION OF A NEW PENSION

SCHEME FOR CIVIL SERVANTS IN HONG KONG.

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(VII) AGREEMENT THAT HONG KONG SHOULD CONTINUE ITS

PRESENT PARTICIPATION IN THE UNIVERSAL POSTAL UNION, THE

WORLD METEOROLOGICAL ORGANISATION, THE INTERNATIONAL

MARITIME ORGANISATION AND THE INTERNATIONAL

TELECOMMUNICATION UNION AFTER 1997. CONSULTATION IS

CONTINUING ON THE PRACTICAL STEPS NEEDED TO ACHIEVE THIS.

SO TOO IS CONSULTATION ON HONG KONG'S PARTICIPATION IN

OTHER INTERNATIONAL ORGANISATIONS, INCLUDING THE CUSTOMS

COOPERATION COUNCIL.

THE WORK OF THE GROUP HAS BEEN TAKEN FORWARD NOT ONLY AT THE

REGULAR PLENARY MEETINGS BUT ALSO BY SMALLER GROUPS OF EXPERTS

MEETING ON AN AD HOC BASIS TO DISCUSS SPECIFIC ISSUES.THE GROUP'S

ACHIEVEMENTS TO DATE HAVE BEEN WIDELY WELCOMED AND APPRECIATED IN

HONG KONG. THE FRIENDLY AND COOPERATIVE ATMOSPHERE IN WHICH ALL

CONTACTS IN AND UNDER THE GROUP HAVE TAKEN PLACE IS MOST

ENCOURAGING AND AUGURS WELL FOR THE CONTINUED CLOSE COOPERATION

THAT WILL BE NEEDED BETWEEN BRITAIN AND CHINA AS 1997

APPROACHES.

(C)

LAND COMMISSION

THE SINO-BRITISH LAND COMMISSION HAS CONTINUED TO MAKE GOOD

PROGRESS, REACHING AGREEMENT ON THE ACCOUNTING ARRANGEMENTS FOR

THE SHARING OF INCOME FROM LAND SALES AND ON THE FORM AND CONTENT

OF A NUMBER OF IMPORTANT LEGAL DOCUMENTS FOR USE IN LAND

TRANSACTIONS IN HONG KONG. UNDER THE JOINT DECLARATION, PREMIUM

INCOME FROM LAND TRANSACTIONS, AFTER DEDUCTIONS FOR THE AVERAGE

COST OF LAND PRODUCTION, IS SHARED EQUALLY BETWEEN THE HONG KONG

GOVERNMENT AND THE FUTURE SPECIAL ADMINISTRATIVE REGION

GOVERNMENT. TO DATE MORE THAN HK DOLLARS 1.4 BILLION HAS BEEN CRED-

ITED TO THE FUTURE SAR GOVERNMENT'S ACCOUNT. THE CHINESE SIDE OF THE

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