LIABILITIES AND RESERVES

CONFIDENTIAL

23 -

THE EXCHANGE FUND

BALANCE SHEET AS AT 31 DECEMBER 1987

Note

1987 HK$'000s

1986 HK$'000s

ASSETS

Note

1987 HK$' 000s

1986 HK$'000s

Certificates of indebtedness outstanding

Debt certificates outstanding

Coins in circulation

Other liabilities

5

6

26,830,568 20,530,568

32,557,210 23,359,106

1,469,628 1,441,365

702,971 353,001

61,560,377 45,684,040

Cash and short-term funds

Fixed deposits

7

17,747,362 12,349,861

8

41,079,596 28,575,268

Investments

9

54,120,554 43,638,127

Gold

10

Loans

11

681,684

3,124,576 1,958,384

632,396

Accumulated surplus

23,139,082 18,006,349

Accrued income, accounts

receivable and prepayments

12

2,080,844 1,437,397

Exchange equalisation reserve

23

29,262,049 19,381,326

Investment equalisation reserve

24

1,123,108 1,769,718

Contingency reserve

25

3,750,000 3,750,000

118,834,616

88,591,433

118,834,616 88,591,433

10 March 1988

Monetary Affairs Branch Government Secretariat

=====

CONFIDENTIAL

Ver

جاب

(D.A.C. Nendick)

Secretary for Monetary Affairs

Member and Secretary

The Exchange Fund Advisory Committee

Page 105Page 106

EXPENDITURE

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