Financial Effects of Losing the Appeal
Annex B
On basis of Court of Appeal Judgment confirmed by Privy
Council on 31.12.86
Payments to HK Land
$M
i.
Premium including interest
(already repaid)
154.8
ii.
Mesne Profits for occupation of
Tregunter flats including interest
($68.9M already paid)
82.0
iii. Payment of HKL's legal costs (estimated)
5.0
Total
•
241.8
In addition HKG would lose the use of Tregunter flats
(current value $350M) but would retain the Queen's
Gardens site (current value also $350M)
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