29 April 1993
Foreign & Commonwealth
Office
BY FAX
London SW1A 2AH
Telephone: 071-
Paul Fifoot Esq
HKA 233/1
Legal Consultant
19
File
Dear Paul.
HONG KONG: STERLING SAFEGUARDS
114X115
Many thanks for your revised Sterling Safeguard Scheme. have passed a copy to Alan MacDonald.
1.
2.
H
The Prime Minister has asked the Cabinet Office to recommend a solution to the HMOCS issue. As a result, I have been quite heavily involved this week in meetings with the Cabinet Office and in providing them with information. I hope however, to be able to devote time next week to the Safeguard Scheme.
3. There is one point which I might clarify at this stage. It is our intention that the safeguard for officers who have already retired should apply to a notional pension recalculated according to the officers' equivalent salary in 1991/92. While this arrangement may involve HMG incurring liability, we believe it to be a fair arrangement and intend proposing it to the Treasury.
Yours
ever.
Nigel.
NC G Whitney
Hong Kong Department
cc: Mr Fish, ODA
fifo.let.ADM
SLM
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