CONFIDENTIAL **
Method of Payment
1988 mid-market end of month Canadian dollar exchange rate
Average of Preceding
3 months
Annex E
Month
Rate
January 1988
6.1263
February
6.1788
March
6.3170
April
6.3560
0.2074
May
June
6.3250
6.2839
6.4470
6.3327
July
6.4693
0.3760
August
6.3308
6.4138
September
6.4283
6.4157
October November December
6.4388
0.4095
6.5753
6.3993
6.5663
6.4808
January 1989
6.5268
Example
(a) officer retired on 1.4.1988 with a monthly pension of HK$5,000.
the trigger level for payment is Canadian $1 HK$6.51.
=
(b)
Calculations
密
CONFIDENTIAL #TE
April 1988
Average for
6.2074
May
6.2839 6.3327
June
July August
6.3760 6.4138 6.4157
September
October
November
December January 1989
Total
the preceding
6.4095
6.3993 6.4808
ó.5268
3 months
Pension
5,000
5,000
5,000
5,000
5,000 5,000
5,000
5,000
5,000
5,000
Supplement
13
13
al amount
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,013
received
: 23)