TNAG-2060-FCO40-2938-Hong-Kong-Overseas-Service-Pensioners--Association-(OSPA)-1990 — Page 26

Ра

Mr. Paul, HED.

File (HKD))

Foreign and Commonwealth Office

London SW1A 2AH

HKB

RECEIVED IN D

233

9 November 1990

14 NOV 1990

40

DESK

INDLA

FNM Pusinelli Esq

Chairman

115/4

Overseas Service Pensioners' Association

63 Church Road

HOVE

Sussex

BN3 2BD

Mr Styre

12/11

Jear Me Pusinelli,

(38

Thank you for your letter of 30 October about the sterling value of HMOCS pensions.

I acknowledge that the Hong Kong dollar has depreciated against the pound recently, and that sterling's entry into the ERM is a new development. A number of HMOCS pensioners have written to us making these points.

I appreciate the strength of concern and the seriousness with which this issue is viewed by your members. We are actively considering what might be done to meet these

But, at this stage, I have nothing new to report.

concerns.

Yours sincerely.

А Алибити

R A Burns

A11AAJ