JUERMENT HOUSE HONG KUNG.

CONFIDENTIAL

Proposed formulae for transfer of quotas among occupational groups and between classes

38

Annex

(a)

(b)

(c)

(d)

Under-subscription of a specified OG in the GOC

The unused quota in a particular specified OG should be allocated among the over-subscribed specified OGs on a pro-rata basis according to the latter's share of their quotas in the second phase.

Under-subscription of a particular AO in the GOC

The unused quota in a particular AO should be allocated among the over-subscribed AOS on a pro-rata basis according to the latter's share of their quotas in the second phase.

Under-subscription of specified OGs as a whole

The unused quota for specified OGs in the GOC should be distributed among the over-subscribed AOs, which fall under the same class, for allocation among themselves on a pro-rata basis according to their share of their total quota in the second phase.

Under-subscription of AOs as a whole

The unused quota for AOs in the GOC should be distributed among the over-subscribed specified OGs, which fall under the same class, for allocation among themselves on a pro-rata basis according to their share of their total quota in the second phase.

CONFIDENTIAL

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