Costs
Compensation
The Secretary of State's proposal: £48m
The Chief Secretary's proposal:
Sterling Safeguard
£36m
Maximum Contingent Liability (if the Hong Kong Dollar became
worthless):
The Secretary of State's proposal: £324m
The Chief Secretary's proposal: £250m
(NB: the actual liability would be zero if the Hong Kong Dollar remained above 16: £1)
hmg.oblg.ADM
SLM