TNAG-2428-FCO40-3530-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1992 — Page 56

Graph 1

Grayed 2

Graph 3

Graph 4

Graph

Expertes future payments undo opter A, when it exotage at from July 1997

s assumed to

H$20 : UKE

(

Expected futurs payment under opter A when the exchange rate fore July 1997 I assured to deprante at 2% pa from HK$ 13.76 : UK |

: Expected futur payments under oetan A,

when the

HK$ from

from i July

July 19017

s assumed to be worthles

: Expected future payments underetan D, when the scabange rats from July 1997 is assumed to depreciate at 2% par from HK$ 1376: UK!

Expected future payments unde optie E, when its ricchange rate from I July 1997 is assumed to deprecate at ZZ pa from HK$ 1376: UK $1,

DN: could omit

S'd

NEWYDDO_S, ÅHUN

BWNNBAOD Aħ:91 26, SO AON.