17 March 1992
J Mortimer Esq
HM Treasury Parliament Street
LONDON
Dear Mr Mortimer,
HKA 233/1
17 MAR 1992
Foreign & Commonwealth
Office
London SWIA 2AH
Telephone: 071-
HMOCS: STERLING SAFEGUARDS
1. I understand that Nigel Cox promised to let you have some information on former dependent territories and HMOCS issues. I now attach two lists: the first showing former dependent territories which provide sterling safeguards; and the second listing former dependent territories where HMG now pays HMOCS pensions. You might find useful some teasing out of relevant points:
a) the two lists are virtually identical except that the pensions in the Bahamas, Brunei and Bermuda have not been take over by HMG. These territories are still legally committed to the sterling safeguard but their currencies have appreciated against sterling and the safeguard has not been required.
b) You will note that Belize, Kiribati and the Solomon and Malta Islands appear on list two but not on list one.
probably considered
aid-worthy
This is because no public officers' agreement was negotiated with the territories involved and HMG took over payment of HMOCS pensions effectively upon independence.
c) India, Pakistan and Burma do not appear on either lists because there were no HMOCS officers in those territories. The three did not come under the Colonial Officer but came under the India Office where separate, but similar, arrangements to HMOCS were made.
d) Somaliland Protectorate does not appear on list two. They have defaulted on payments and HMG are paying loan advances. But no agreement has yet been reached for HMG to The same position applies for Aden.
take over.
2. I hope you will find this information helpful.
Yours sincerely, Mühl ustáre
M V Stone
Hong Kong Department
CHAAHR
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