TNAG-1408-FCO40-1883-Future-of-Hong-Kong-passports-and-visas-1985 — Page 85

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) = (£2 million+ £1.56 million) £3.56 million.

=

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

I

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

هسا

11 November 1985

GL Minter

Finance Dept OAB 2/102

Cc:

Mr Hill,

HKD

Miss Kaye, Consular Department

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