TNAG-2100-FCO40-2989-HM-Overseas-Civil-Service-(HMOCS)-policy-matters-1990 — Page 9

Overseas

If exchange protection were introduced for pensioners, the move would be seen as evidence of a lack of confidence in the long term strength/value of the Hong Kong

dollar vis-a-vis other currencies.

38

Media reaction could be expect ed to reflect sentiment s of local serving officers and pensioners. justification and equity of exceptional measures group of overseas pensioners would be questioned.

for a

the

The

small

Publicity

39 being.

No publicity is considered necessary for the time

(The Secretary for

for the Civil Service, Mr H. GREWAL and the Principal Assistant Secretary (Civil Service) Staff Planning, Mr C. PARKES will attend for this item.)

23 January 1989

COUNCIL CHAMBER

(AP 295/6-C (88) III)

CONFIDENTIAL