CONFIDENTIAL
BILATERAL MEETING BETWEEN MR HURD AND MR LAMONT, TUESDAY 30 JULY
HONG HONG- HMOCS ISSUES
discussed with-
-Chris Patten and I met with Michael Portillo to discuss compensation and sterling safeguards for the pensions of Hong Kong members of HM Overseas Civil Service earlier this month.
-We agreed that officials would produce a series of costed options for Ministers to consider later in the summer.
~We must soon take the necessary political decisions on this. It could quickly become a political headache if we are shown not to be doing the "right thing"
standing by were
people.
-Appreciate the need to ensure any solution is not a drain on the Exchequer. But our compensation proposals would not be more than 9 million a/year for 5 to 6 years from 1997 and the sterling safeguard would probably cost us nothing.
Appreciate need to keep cost down. Not talking o siganticanc Sume (Compensatie about fa a year for 5 or 6 years from 1997;
jabout
Sterling safeguard would Got nothing unlere Mk dollar
Bu Chris Patte needs needs
Collguses).
(and police force. effective and bual cirl fervice / Will for real
political problems if we get an exodus or loss of morale. Same walled
to fly or Gradenin
hide! Conferences
ots
CONFIDENTIAL
Will need to take a cost of Here
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