la

M

Il stid du the Treasury

who work up this as a

The Thebett: 14mg

236

Annex i will need

Outline and Costs of Capitalisation Option

Annex to te proposed paper

231

i

more elucidater

fordulay

Prepared by Whitehall Team visiting Hong Kong

to assess the options for the capitalisation

of HMOCS pensions

HKB 233/1

render

го

212

Annex A: Key features of scheme and areas of flexibility

Annex B Estimated financing costs of

four approaches

Note : A possible

financial intermediary is under requires further discussion.

approach involving a private sector examination by HKG and

HMT, ODA, GAD

12 December 1991

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