CONFIDENTIAL
HONG KONG PENSIONS
ESTIMATED COST 1969/70 (taken from Hong Kong 1969/70 estimates)
1.
Civil pensions, retiring allowances
and gratuities
$41,200,000
Temporary increases
5,560,000
46,760,000
2. Police pensions
$267,000
Temporary increases
694,000
961,000
3. Volunteer and Defence Force
pensions, allowances and gratuities
$910,000
910,000
4. Pension contributions for
seconded officers etc.
$80,000
80,000
5. Gratuities for contract officers,
ex-gratia pensions, awards and
allowances $3,190,000
For ex-gratia pensions say
$1,300,000
Temporary increases
168,000
1,468,000
6. Widows & Orphans pensions
$2,200,000
Temporary increases
Refunds
2,010,000
400,000
4,610,000
Total
$54,789,000
CONVERSION TO STERLING
அல்சமம்
1.
3,215,955
2.
66,093
3.
62,585
4.
5,502
5.
100,966
6.
317,056
Total
£3,768,157
(Some Hong Kong pensions are based on sterling salaries and other on dollar salaries. A small number of dollar pensions are payable in sterling at a fixed rate of $16
= £1 but for the present exercise the conversion to Sterling has been made at the current rate of $14.54
=
£1.)
CONFIDENTIAL
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