TNAG-2145-FCO40-3064-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 67

布政

著

香港下亞厘畢道

GOVERNMENT SECRETARIAT

LOWER ALBERT ROAD HONG KONG

269

द्वार

(13) in SCR 3/1476/99 Pt.2

Cur Ret..

RODADZ

*** Your Ref.:

HKC 182 12

Mr M V Stone

Hong Kong Department

Foreign & Commonwealth Office

Tandon SWIA ?AH

Bagland

MV

2.

Mike,

W

19 November 1999

Rn4/10

Mino Maryse Rn Mr Stine

Ра

/ 2

21.

PADS: Calculations of Build Up of the SARG Land Fund

Liz passed your

Comments

Perhaps the best the figures, starting figures are the same

letter of 14 November 1990 to her for

thing is for me to take you through from 1991-92 (as the previous years under the "1990 prices" scenario and

under the 1992 prices scenario are

the "money of the day prices" scenario).

3. The calculations arrived at AS followe

(a)

The starting balance for 1991-92 is assumed to be $25,820 million.

Interest thereon is $2,070 millian

(b)

The new

(c)

(a)

transfer into the SARG Land Fund for that year at 1990 prices 15 assumed to be $4,820 million and in erest thereon is $190 million.

The ending balance for 1991-92, arithmatically arrived at, is $32,900 million.

$32,900 million becomes the opening balance for 1992-93. Interest thereon is $2,630 million. This, plus the $4,820 million transfer at 1990 prices assumed for 1992-93 and the thereon, produce An ending halanco

million

interest

of

<A

SAA

(e)

The

same process subsequent years.

is repeated for all the

SECRET

TO 3DHA

25:IT AZ-T1 06.

YH ETTH In ааа