TNAG-0635-FCO40-783-Supplies-of-electricity-for-Hong-Kong-1977 — Page 113

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3. During the three years prior to October 1, 1993, it is intended that the

Companies and the Government will institute discussions regarding a

revision of this Scheme embodying such terms and conditions as are then

found to be mutually acceptable.

E.

Other Matters

1.

At the commencement of this Scheme, any amounts standing to the credit

of the then existing Development Fund shall be transferred to a Balancing

Fund on China Light's books.

2.

The Balancing Fund and the Development Funds shall represent liabilities on

the books of the respective companies and shall not accrue to the interest

of their shareholders..