CONFIDENTAL
(b)
If the exchie rate is fixed at 21: HKD1 L 5
Assuring amount of J1 pension and pension increases taken over by HMG effective from .1986
- HKD 144m =212.52m
Mex
Exchange rate
Z 1 : HK▶
Amount payable by HKG to HMG
Amert payable by HMG to pensioner:
Cost o
pension increases
since
effective
HK
pensio For
date
Im
total Fin
86/87
11.7 *
12.31
38
= 0
.37
12.68
pension Zm
12.52
UK pension increases
total
1.18
0.1.
12.66
-(.01 çin
87/88
13.4 *
10.75
6. 18 = 0.65
11.41
12.52
3.2%
= 0. 40
12.92
1.5:
88/85
13.7 *
10.51
12.46%
= 1.31
11.82
12.52
7.6%
0.9!
13.47
1.65
89/90
12.7 *
11.34
22.6% = 2.56
13.90
12.52
13.9% = 1.74
14.26 (.34
90/91
་
14.8 #1
9.73
34.8% 3.39
13.12
12.52
22.56%
*
2.22
15.34
1.21
avelage
curieni
CONFIDENTIAL
VVP
་ སྐྱུ ་
PUGE D
骂