CONFIDENTIAL
Phasing of expenditure
It is estimated that expenditure will be phased over some
months as
follows:
HK$ Millions
First quarter 1990
120
Second quarter 1990
115
Third quarter 1990
31
Fourth quarter 1990
28
First quarter 1991
13
Second quarter 1991
13
TOTAL
320
18
FELADN (4)
CONETNCATTAI