LUNFIDENTL
(a)
If the exchange rate is fixed at 1 : HKD12.B
Assumig amount of IX pension and pension increases siken over ty HMG effec.ve from 1.1. 936
a HKD 144 m 11.25m
Miex
Exchange rate
1 : HKD
Amount payable by HMG to HMG
Anoirt payable by HPG to pensioners
Ccst]MG
pension increases
since
UK
effective
НК
Dension
date
total Zm
pension
pension increases
Zm
total
Zn
•
86/87
11. 7
12.31
38
*
0.37
12.68
1.25
1.18
>
0.12
11.37 -1.31 in)
87/88
13.4
10.75
6.1%
-
0.65
11 41
•
11.
25
3.28
=
0.36
11.61 +(. 20
88/89
13.7 ⭑
10.51
12. 461
=
1.31
11.82
11.25
7.68
0.85
12.10 +0.2E
89/90
12.7
11.34
22. 68
= 2.56
13.90
11.25
13.98 - 1.58
12.81 -1.09 <ii)
90/91
14.8
9.73
34.8%
11
3.39
13.12
11.25
22.56%
2.5.
13.79 + (.67
average
**
current
CONFIDENTIAL
འེ༢ 2
PLUSE
12
PHEE US
7