TNAG-1848-FCO40-2623-House-of-Commons-Select-Committee-on-Foreign-Affairs-enquiry-1989 — Page 82

Method of Payment

1988 mid-market end of month sterling exchange rate

Average of Preceding

3 months

Month

Rate

January 1988

13.738

February

13.803

March

14.573

April

14.618

14.038

May

June

14.418

14.331

13.443

14.536

July

13.338

14.160

August

13.188

13.733

September

13.108

13.323

October

13.808

13.211

November December

14.403

13.368

14.118

13.773

January 1989

14.110

Example

(a)

(b)

officer retired on 1.4.1988 with a monthly pension of HK$5,600.

the trigger level for payment is £1

=

HK$14.

Calculations

CONFIDENTIAL # #

密

Annex C

CONFIDENTIAL # 3

April 1988

Average for

14.038

May

14.331

June

July August September October

14.536 14.160 13.733 13.323

November

December

January 1989

Total

13.211

13.368

13.773

14.110

the preceding

3 months

Pension

5,600

5,600

5,600

5,600

5,600 5,600

5,600

5,600

5,600

5,600

Supplement

15

132

214

64

44

469

Total amount

5,615

5,732

5,814

5,664

5,600

5,600

5,600

received

5,600

5,600

5,644

(0013B: 21)