TNAG-2429-FCO40-3531-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1993 — Page 166

10 November 1992

Kevin Woodfield / fax

HMT

AM

Dear Kevin,

HITA 233/

BIEL

(c/sei)

Foreign & Commonwealth

Office

File

603

London SWIA 2AH

Telephone: 071-

HMOCS

1.

I asked Hong Kong Government to go back to Hong Kong Bank to ask whether they could offer a pension safeguard without an external guarantee and, if so, the costs involved. The Bank has replied that they do not believe it would be possible to provide an effective scheme without the benefit of an acceptable external guarantee. I attach a copy of the Hong Kong Government's letter and the Bank's reply.

2.

I am copying this letter to Mr Fish and Mr Hughes.

eve,

Your

Nigel

N C G Whitney

Hong Kong Department

cc: Mr Fish

Bij FAX das 10/mi

Mr Hughes - BY POST.

wd.hmocs.ADM

SLM