TNAG-2429-FCO40-3531-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1993 — Page 168

OVERMENT HOUSE HONG KONG.

TUE 10 NOU 92 04:13

PG.08

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HongkongBank

The Hongkong and Shanghai Banking Corporation Limited

Meza Office: ! Queen's Road Centrai, Hong Kong

/ M Gray

Cluer Haecative una Depury Chairman

9th November 1992

W. Harbinson, Esq., J.2.,

Deputy Secretary for the Civil Service,

Government Secretariat,

lith Floor,

Lower Albert Road,

Hong Kong.

Dead Stuart

PENSION SAFEGUARDS

Thank you for your letter dated 5th November.

In response Co the question posed in that letter I would have So say that, for che reasons outlined in previous Correspondence, I do not believe it is possible to provide an effective scheme without the benefit of an external guarantee.

acceptable

for an

In the light of tnis response I have not called indication of likely costs but please let ine know if you

Like me Co ask one of my colleagues

Loul numbers tor you.

Yours sincerely,

John.

CO

run some

c.c.

P.E. Selway-Swift, Esq., Executive Director

Gro Box (4, Hong Kong

Telephone: 822 17:1 Facsimile:(552) 868 0244- Telex: 73201 HKBG HX Telegrams: Hongbank Hongkong