25-JUN-198)
PAUL TIBUL
0372723755
1991 (i.e. £1 HK $ 13.760);
(ii) where the date taken for calculation is later than the appointed day, the rate of exchange (on that date]
(5) Subject to subparagraph (3), the sum arrived at in
subparagraph (4)(d) in sterling or the maximum sum, whichever is the less, is the compensation due.
(6) In this paragraph, "the appropriate factor" in relation to an entitled officer means the factor obtained
from the relevant Table that is appropriate to the age and
pensionable service of that officer on the date taken fur calculation in completed years and months or, if it is more favourable to the officer, in completed years without regard
to months.
CALCULATION OF COMPENSATION: SUPERSEDED OFFICERS
11.-(1) This paragraph applies to entitled officers who have received compensation under the Limited Hong Kong Scheme on being superseded for promotion.
(2) Make the same calculation for the entitled officer as directed in paragraph 10(4) to produce a sterling figure. The day taken for calculation will be the appointed day.
(3) Convert the lump sum paid to the entitled officer as compensation under the Limited Hong Kong Scheme into sterling at the rate of exchange between the HK dollar and the £ sterling at the date the lump sum was paid to the officer and increase the sum in sterling at the rate of five per cent per annum from the date of payment of the lump sum to the appointed day.
(4) If the figure arrived at in accordance with sub-
paragraph (3) equals or is greater than the figure arrived at in accordance with subparagraph (2), no compensation is due under this Scheme. If the figure arrived at in accordance with subparagraph (2) is greater than the figure