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MEMORANDUM OF UNDERSTANDING
Hong Kong Defence Contribution 1971-76
1.
This Memorandum of Understanding embodies arrangements
which have been agreed to by Her Majesty's Government and the
Hong Kong Government.
2.
During the five financial years beginning with 1971/72,
the Hong Kong Government will make a defence contribution at
the average rate of £8 million per annum. This contribution
will be made up as follows (figures in £ millions):-
Year
Cash Contribution
Capital Works
Maintenance and
Minor Works
Total
1971-72
2.4
2.9
2.2
7.5
1972-73
2.4
2.9
2.2
7.5
1973-74
2.4
3.4
2.2
8.0
1974-75
2.4
3.9
2.2
8.5
1975-76
2.4
3.9
2.2
8.5
Totals
12.0
17.0
11.0
40.0
3.
The following conditions are attached to the
contribution: -
(i) The contribution will be subject to review at any
time:
(a) if the costs of capital works at April 1971
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/prices