*
Method of Payment
1988 mid-market end of month Canadian dollar exchange rate
Average of Preceding
3 months
Annex E
ANTI
CONFIDENTIAL # 3
Month
Rate
January 1988
6.1263
February
6.1788
March
6.3170
April
6.3560
6.2074
May
June
6.3250
6.2839
6.4470
6.3327
July
6.4693
0.3760
August
6.3308
6.4138
September
6.4283
6.4157
October
6.4388
0.4095
November December
6.5753
6.3993
6.5663
6.4808
January 1989
6.5268
Example
(a)
(b)
officer retired on 1.4.1988 with a monthly pension of HK$5,000.
the trigger level for payment is Canadian $1 HK$6.51.
=
Calculations
April 1988
Average for the preceding
3 months
6.2074
May
6.2839 6.3327
June
July
6.3760
August September October
6.4138 6.4157 6.4095
November December
January 1989
Total
6.3993
6.4808
6.5268
CONFIDENTIAL # 3
Pension
5,000
5,000 5,000 5,000
5,000 5,000
5,000
5,000
5,000
5,000
Supplement
13
13
Total amount
5,000
5,000
5,000
5,000
5,000
5,000
5,000
received
5,000
5,000
5,013
(0013B 23)
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