TNAG-2125-FCO40-3032-Banking-situation-in-Hong-Kong-1990 — Page 47

AND WILL HAVE A PROPER STRUCTURE WHICH SHOULD ENABLE ADEQUATE EXPERIENCED SUPPORT TO BE BUILT UP WITHIN THE CIVIL SERVICE.

6. WE WILL OF COURSE KEEP THE NEED TO IMPROVE OUR MONETARY POLICY ARRANGEMENTS UNDER REVIEW. IT MAY BE THAT ULTIMATELY. AS SUGGESTED IN THE BANK OF ENGLAND PAPER, A SEPARATE PAY SCALE TO ENABLE US TO BID FOR SUITABLY QUALIFIED STAFF FROM THE PRIVATE SECTOR WILL BE NEEDED AS A LONGER TERM SOLUTION TO THE MANPOWER PROBLEM. BUT IT IS NOT CLEAR AT THIS STAGE WHETHER WE NEED SUCH A NEW PAY SCALE SYSTEM, OR IF WE DO, WHETHER AN INDEPENDENT CMI IS A NECESSARY PREREQUISITE FOR THIS.

WILSON

YYYY

HMLNAN 1346

THIS IS A COPY THE ORIGINAL HAS BEEN

CLOSED UNDER

רב

FOI EXEMPTION NO. 27 (1)