TNAG-0635-FCO40-783-Supplies-of-electricity-for-Hong-Kong-1977 — Page 115

о

1

2

b) The net amount of Development Fund Additions for the Companies.

c)

The total for the Companies of taxes, including profits tax

and net tax equalization reserve additions, if any.

The result is referred to hereinafter as the "Base Period Actual Profit".

Tariff Adjustment

Should the Base Period Actual Profit be no less than the Base Period

Minimum Profit but no greater than the Base Period Maximum Profit, no

adjustment shall be made in China Light's tariffs.

Should the Base Period Actual Profit be less than the Base Period

Minimum Profit, China Light's tariffs for all classes of consumers

shall be increased by an amount per unit which when applied to the

number of units sold during the Base Period would result in the Base

Period Actual Profit being increased to the level of the Base Period

Minimum Profit.

Should the Base Period Actual Profit be greater than the Base Period

Maximum Profit, China Light's tariffs for all classes of consumers

shall be decreased by an amount per unit which, when applied to the

number of units sold during the Base Period would result in the Base

Period Actual Profit being decreased to the level of the Base Period

Maximum Profit.

*