TNAG-1407-FCO40-1882-Future-of-Hong-Kong-passports-and-visas-1985 — Page 58

UNCLASSIFIED

(iv)

level of income which would enable them to retain a profit margin equal to that which would have been achieved if existing arrangements had continued. That is, they would retain estimated annual revenue equal to (annual cost under new arrangements + annual profit under existing arrangements)

£3.56 million.

-

(£2 million + £1.56 million) =

to allow the Hong Kong Government to retain only the revenue required to cover the cost of the operation (£2 million).

6. I understand that you will now write a paper setting out the financial issues as a basis for discussion by interested departments.

11 November 1985

هسهر

GL Minter Finance Dept OAB 2/102

cc: Mr Hill, HKD

Miss Kaye, Consular Department

273 5624

H&M 040/24

RECEIVED:

1 8 NOV 1985

Taken

}