CONFIDENTIAL

BIED

today's exchange rate of HK$13.75 to £1, we estimate the additional cost to be something in the region of £1.61m a year.

8.

I hope these explanations are helpful. If it would be useful, ODA officials would be happy to discuss the calculations with you either in the margins of our meeting on 12 November, or on a separate occasion.

9.

I am copying this letter to John Kerby (ODA).

Yours ever,

Adaw

RA Burns AUSS

BOYABA/3

CONFIDENTIAL

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