TNAG-2428-FCO40-3530-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1992 — Page 55

3 ملالة

علي العلمسلمو

Present value, as at I actado 1991, of the saturated cont

when the exchange vote from : Iuly 1997

of option E

assumed to de

HKS

HKS

do

HKJ

HKS

HKJ

HKS

HICK

20

78

1376

vouthless

(ajat 28, p

doperty

НК

1370

16

22

30

Nata

(a) Ses graph

5

Fall &

Table 4

Þ'd

Lesent valus, as at I attu 1991, al the estuated

cost of optas F;

when the HK$ from 1 July 1997

6

is assumed to b

vouthless

ald

Ol

New

New

scheme

مسلمة

scheme

مسلمة

25%

50%

HK$

commentation

commentation

commutation

commutata

1376

16

22

30

DN. Couldomet

INZWIY8d3A SABUNDOU INAWNYBAOS B:91 26. 80 AON