TNAG-2421-FCO40-3523-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1992 — Page 40

fourd

Dome

3.

I Stone

Confidential

HKA 233/1

HMOCS Stering Safeguards

Pul due

to

Reference

Mr Mertin

W250

dalettere this aready

been put away

ancy

-250 1. Thank you for you minute of 21 April, which answers

many of my questions. (Shd we cc. the two minutes to a fish?)

2.

or persion

On seos you confirmed orally (para 10 (a) of my meinte) that UK equivalents are calculated simply on salam levels

"UKC at date of retirement -i no questicer of comparing HIC & UK grades or ranks

was interested to see again the report of JLG Xx

(HK felno 1744 of 24 Septerer 1991) and the source of

Reid

the HK $120 bm figure other points made in Leg to on 7 feb 1991. Perhaps it was in the airport talks in fees (March 1991 a chart showing estimated that HK gave he Chinese pension payments in each of the next few years?

:

can you identify one

I wonder if there would be advantage in consulting Economic Adviers about the argument in paras 7 + 8 of HKC telmo 1744 about the economic objections to partial funding of pensions ? You say there are many ways HKG could provide partial funding which minimizes economic disadvantages ? Both because the Chinese may retum to the charge and because of the

an disinclined to rest on vague HICG HMOCS angle, assertions that it is all too difficult. I have roughed out a possible approach on he attachment. HKC ud lose but it has survived the SARG Land control of some reverul

fund experance.

in

22/1

CODE 18-77|

Confidential