1. Jamaican High Commission Roger Williams
1-2 Prince Consort Road 51 Mimosa Street
London Fulham
SW7 2BZ London
SW6 4DS
2nd September 2005
Dear Sirs,
With reference to our recent conversation, the following equation may clarify the situation.
G.D.P = Mean Salary
Total Population of Country
Mean Salary x Total Population of Country = G.D.P.
If you divide the G.D.P. of one country with another, this will give you the exchange rate of the
chosen country. When using this formula I have used the U.K. as the basic unit, taking into
account infrastructure developments, welfare state and so on.
12
e.g. The G.D.P. of the U.K. is £1.95
6
The Total Population of the U.K. is 59
6
The Total Population of the U.S.A. is 281
12
1.95 = £33,050
6
59
6 12
33050 x 59 = 1.95
6 12
33050 x 281 = 9.29
12
9.29 = US$4.76
12
1.95
Now if we follow the same process to calculate the Jamaican exchange rate.
6 10
33050 x 2.5 = 7.5
10
7.5 = J$0.039
12
1.95
Friday 2nd September it was valued at J$114.365

2. Now if you apply a flat rate tax of 10%:
33050 x 10 = 3305
100
6 9
J$3,305 x 2.5 = J$8.26 per tax year.
The revenue could then be used to improve your infrastructure.
If you require any further information, do not hesitate to contact me at the above address and
I look forward to hearing from you in the near future.
Yours faithfully
R M Williams