CONFIDENTIAL
200
046674
MDHOAN 2336
HKA 233/1
TOP COPY Q DIST?
Pa
CONFIDENTIAL
FM FCO
TO IMMEDIATE PEKING
TELNO 270
OF 01153OZ APRIL 92
AND TO IMMEDIATE UKREP JLG HONG KONG
INFO PRIORITY HONG KONG
186
196
UKREP JLG TELNO 136 AND YOUR TELNO 470: HMOCS
195
1. THANK YOU FOR THESE COMMENTS. BUT THEY SEEM TO REFLECT A MISUNDERSTANDING. IT IS INDEED OUR INTENTION THAT HMG WILL PAY
ALL ELEMENTS OF THE INCENTIVE/COMPENSATION SCHEME. THIS IS ALL WE HAVE TOLD THE CHINESE ABOUT AND THEREFORE IT IS CORRECT TO SAY THAT HMG WILL FUND IT. 2. THE PROBLEM ARISES OVER THE QUESTION OF STERLING SAFEGUARDS
FOR HMOCS PENSIONS. THIS IS THE POINT ADDRESSED IN PARA 10 OF
OUR TELNO 585. IT IS NOT SOMETHING WE ARE YET IN A POSITION TO
DISCUSS WITH HMOCS MEMBERS. WE ARE A LONG WAY FROM GETTING
AGREEMENT WITH WHITEHALL THAT HMG SHOULD FUND THE TOTAL COST:
INDEED THE TREASURY VIEW IS THAT HONG KONG SHOULD FUND A
STERLING SAFEGUARD. THE PROBLEM IS SET OUT IN OUR TELNO 566 TO
HONG KONG.
HURD
YYYY
ΜΑΙΝ
40
OVERSEAS
DISTRIBUTION
40
.HER MAJESTY'S
.CIVIL SERVICE RESTRICTED
HKD
LEGAL ADVISERS//MISS BROOKS
FED
NEWS D
RAD//MR WYE
OVERSEA PENSIONS/ODA//MR FISH
PS
PS/LORD CAITHNESS
PS/PUS
SIR J COLES
MR BURNS
MR KERBY
RMD
NNNN
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