1
Table C:
Present value, as at 1 October 1991 of the estimated SAVINGS or (COSTS) of option C, in UK£ million
:when the exchange rate from 1 July 1997 is assumed to be
Trigger
level
HK$ worthless
HK$28
HK$16 HK$12
HK$8
HK$
16
(324)
22
(236)
(139) (51)
0
108
324
88
197
413
30
(173)
12
151
259
476
Table D:
Present value, as at 1 October 1991 of the estimated costs of option D, in UK£ million
:when the HK$ from 1 July
1997 is assumed to be worthless
Old
Trigger scheme,
Old scheme, scheme,
New
New scheme,
level
25%
0%
50%
0%
HK$
commutation
commutation
13.76
377
407
340
385
16
324
350
292
331
22
236
255
212
241
30
173
187
156
176