34
$
ZCZC
FM FCO
TO PRIORITY HONG KONG
TELNO
OF 260945Z OCTOBER 90
INFO PRIORITY PEKING, UKREP JLG HONG KONG
OUR TELNO 114: GENERAL COMPENSATION SCHEME
PRIORITY
1. I owe you and others an account of where, at an interdepartmental level in Whitehall, matters now stand on this subject. As you know, since our last exchange of telegrams, we have held a series of detailed discussions with the ODA and the Treasury, and had a useful session with you at the end of your annual leave in August. As a result of these discussions, we have refined our thinking further. In the meantime, the particular concerns of HMOCS officers, both those serving in Hong Kong and those who have retired, have moved into sharper focus.
2.
HOWEVER,
Now
SUCH
It seems to us, that the announcement of a compensation/incentive scheme may not achieve the objective of persuading HMOCS members to stay on in Hong Kong if their main CURRENT concern is the possible erosion of the value of their pension which would result from any fall in the value of Hong Kong
AS YOU KNOW, MINISTERS APPROVED IN 1988 A COMPENSATION/
INCENDUE SCHEME TAILURED TO THE SPECIFIC
CIRCUMSTANCES
OF HONG KONG.
BOPAEC
HKD
AR PAUL
2647
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