than the rate on one particular date. It is logical to use a current exchange rate.
Q13
A13
Why does JD 72 say "may" all remain in employment?
Simply to make clear that this is voluntary as far as. the officers are concerned: they all have the right to choose to leave or to choose to stay.
Q14 What if the SARG imposes punitive taxation rates on the salaries and pensions of former: HMOCS officers?
A14 We have no reason to suppose that this is likely. The JD and BL. provide that the SAR shall have independent finances financial matters; shall use its financial revenues: exclusively for its own purposes and not hand them over to the CPG (which is not to levy taxes on the SAR); and for: thể maintenance of the system by which taxation must be approved. by the legislature. The BL adds: that the SAR should take the low tax policy previously; pursued in Hong Kong, as reference. Moreover any proposal to: levy: discriminatory: taxes on former: HMOCS: officers: or other former crown.
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servants would raise the question of the implementation: of Chapter IV of Annex I of the JDE (JD 72) and of Article 100 of the BL.
Q14 How do you see the prospects after 19977
..་་
མ་ས .. ར་ད“ས
*
A14 We continue to see the JD. as providing a sound base Hong Kong's future prosperity and stability. Beyond that fundamental point, none of us can predict the future. Sino/British discussions do not remain confidential for
You know as well as we that uncertain political developments in Hong Kong may affect the practical ingr
long.
REGABY/F