TNAG-2428-FCO40-3530-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1992 — Page 194

Scenario 2: HK$ depreciates at 2% pa from HK$13.76 at 1 July 1997

30

Emerging costs of benefits to Hong Kong HMOCS

UK £ millions (at 1991-92 prices)

0

25

20

15

10

5

2027/28

2007/08

Trigger

HKSS

HK$12 & then constant

HK$16

level

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

HK$20

HK$28

HK$13.76 & then depreciating

:

HK$ worthless

HKS

1 pa

13.76

53

118

192

87

377

16

65

139

43

324

งา

0

51

7

236

30

0

0

0

0

0

1

173

Years: 1997/98 to 2070/71

+2047/480 DEE!

Trigger level: HK$30

Trigger level: HK$22

N

Trigger level: HK$16

HMOCS and 35% potential HMOCS

CÃO CAF2013

ר

Trigger level: HK$13.76