TNAG-1779-FCO40-2539-Hong-Kong-international-telecommunications-1988 — Page 164

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240

200

150

EXHIBIT 2.20HKTs TARIFF INDEX COMPARED WITH THE HANG SENG CONSUMER PRICE INDEX (1977 = 100)

100

1978

1979

1980

1981

1982

1983

1984

1985

1986

Source: Monthly Digest of Statistics and HKT

Hang Seng

Consumer Price Index

Weighted

average

for residential

and business

tariff index