TNAG-2688-FCO40-3890-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1993 — Page 55

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CONFIDENTIAL

The Minister was grateful

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State to follow-up thoughts expressed at this

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at this meeting. It was NOT to pursue this matte. Through OPD (K) as it was likely that CC; no firm decision would result /

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HRA 233/1

ри 28. 1993

192

John Morris

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Hong Kong Department

23 June 1993

Mr Ricketts

Loodid Mr Whitney

24/6

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HMOCS: WAY FORWARD

1. We suggested that the Minister like a short meeting to discuss the way forward in the light of the Governor's reactions to our telno 604. I spoke to Martin Dinham on the

telephone. He told me that the Governor was firm on the

substance of the package for HMOCS members but open to argument on the tactics for achieving this. He was prepared to accept that if the Minister believed the risks to be high then we should not press for a decision at OPD (K) on 1 July, but pursue the scope for agreement at official level. But we should be clear that this agreement would need to:

(a) Retain a cap no lower than £120,000;

(b) Keep the Exchange Rate at 16:1;

(c) Include the SPOS amendment.

If it did this he would be prepared to accept the Treasury mechanism for the operation of the Sterling Safeguard, and

wat.MIN.NJH/JRB

CONFIDENTIAL