Financial Effects of Losing the Appeal
Annex B
On basis of Court of Appeal Judgment confirmed by Privy
Council on 31.12.86
Payments to HK Land
i. Premium including interest
(already repaid)
ii. Mesne Profits for occupation of
Tregunter flats including interest
($68.9M already paid)
$M
154.8
82.0
iii. Payment of HKL's legal costs (estimated)
5.0
Total
241.8
In addition HKG would lose the use of Tregunter flats
(current value $350M) but would retain the Queen's
Gardens site (current value also $350M)