Years

Number of ships bought

Price prevailing (from Figure 24) million $

Total pay (billion $)

PT (million $)

Pay at 1980 price of $25m total

1983

300

$3.14 (a weighted average)

$0.942

$450 (300 × $1.5)

$7.5b

1984-1985

668

$5 & $4 (from Figure 24) = $4.5

$3.0

$1000 (668 × $1.5)

$16.7b

1986

300

$2.25

$0.675

$450

$7.5b

1987

300

$2.25

$0.675

$450

$7.5b

total

1568

3.375

$5.292

$2.35

$39.2b