TNAG-2428-FCO40-3530-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1992 — Page 193

UK £ millions (at 1991–92 prices)

30

25

20

15

10

Scenario 1: HK$20:UK£1 from 1 July 1997

Emerging costs of benefits to Hong Kong HMOCS

:when the exchange rate from 1 July 1997 is assumed to be

HK$20

HK$28

HK$13.76

HKS

& then worthless] depreciating

rigger

HK$8 & then constant

HK$12

HK$16

level

HK$

13.76

0

16

22

30

0

2000

@ 2% pa

53

118

192

8*

377

65

139

43

324

0

51

7

236

0

0

1

173

2007/08

5

2017/18

1997/98

2027/28

2037/38

0

NNNNNNHHNL 12047/48

Years: 1997/98 to 2070/71

Trigger level: HK$16

Trigger level: HK$13.76

HMOCS and 35% potential HMOCS

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