CONFIDENTIAL
OPTIONS WITHOUT HMG FUNDING
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No governmental arrangements for HMOCS officers.
Officers wishing to protect their pensions buy short-term private-sector political risk insurance and/or exchange- rate hedging.
HMG make Order in Council to over-ride Hong Kong's pensions legislation and Legislative Council control of finances and to instruct HKG to pay over funds to HMG in respect of HMOCS compensation and pensions.
CONFIDENTIAL
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Private notes are available after approval.