CONFIDENTIAL

- 26 ·

THE EXCHANGE FUND

BALANCE SHEET AS AT 31 DECEMBER 1991

Note

1991 HK$ '000

1990

HK$ '000

ASSETS

Cash, short-term funds

3

27,987,107

27,143,261

and currency options

Fixed deposits

76,786,957 77,118,885

Investments

4

126,142,282

87,265,998

Gold

5

628,601

695,219

Loan

6

326,705

519,240

Accrued income, accounts

7

4,249,748

3,454,468

receivable and prepayments

236,121,400 196,197,071

LIABILITIES

Certificates of indebtedness

outstanding

8

46,410,568 40,790,568

Placement receipts outstanding

9

69,802,423 63,225,720

Coins in circulation

2,298,635

2,003,023

Exchange Fund Bills

10

13,624,105

6,670,641

Other liabilities

11

660,429

13,010

Balance of banking system

500,050

479,656

Short-term loans

12

4,173,281

137,469,491 113,182,618

NET ASSETS

CONFIDENTIAL

98,651,909 83,014,453

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