G.F. 323
16 Aug
CONFIDENTIAL #
機密
$5 copper-nickel coins were issued for the first time by the Hong Kong Government.
(iii)
25 Aug
Gold dipped to US$101.60 at one stage on the London market.
3 Sep
24 Sep
The forecast of real G.D.P. growth for 1976 was revised up to 16%.
A Hong Kong/Sweden agreement was signed restraining Hong Kong's exports of certain cotton, man-made fibre and wool textile products to Sweden for 18 months from 1 July 1976.
29 Sep
30 Sep
1 Oct
1 Oct
11 Oct
18 Oct
The U.K. Government announced that she will ask the IMF for a US$3,870 million stand-by credit arrangement.
The 1976 Meeting of Commonwealth Finance Ministers was held in Hong Kong.
Hong Kong acceded to the International Coffee Agreement 1976.
Following a detailed review by the Commerce and Industry Department and discussions with the Textiles Advisory Board, a modified system for the control of textile exports was announced in September 1976. This Modified System was to be introduced for each restraint market from the start of the next restraint period for that market and began with the USA on 1 October 1976.
An ad referendum Hong Kong/Canada agreement was concluded restraining Hong Kong's exports of certain outergarments for 8 months from 1 November 1976.
The Deutschemark was revalued by 20 against the Benelux currencies, 3% against the Norwegian and Swedish kroner and 6% against the Danish kroner. The new rates for the Snake currencies were allowed to move against each other within a 2.25% range but would float jointly against the U.S. dollar and other currencies.
28 Oct.
28 Nov
29 Nov
Sterling tumbled to an all time low of US 1.5575/£1 on the London exchange market.
The Austrian dollar was devalued by 17.5%. (Subsequent revaluations, however, reduced the net extent of the Australian dollar devaluation to around 12.5% at the end of the year).
The New Zealand dollar was devalued by 7%.
CONFIDENTIAL
機密