UNCLASSIFIED
0 226
MDLIAN 2794
WAS NOTED IN SOME PRESS REPORTS THAT THE RETURN RATE, AVERAGING ABOUT 7.03 PERCENT FROM 1986/87 TO 1991/92, WAS SLIGHTLY LESS THAN THAT ACHIEVED BY THE EXCHANGE FUND (7.89 PERCENT) AND WAS BELOW THE INFLATION RATE IN CERTAIN YEARS.
PATTEN
YYYY
ΜΑΙΝ
.HK POLICY
63
DISTRIBUTION
72
PLANNERS
HKD
PUSD
FED
LEGAL ADVISERS//MS BARRETT
.AND MS BROOKS
NEWS D
RAD
PS
PS/MR GOODLAD
SIR J COLES
MR APPLEYARD
MR HUM
ADDITIONAL
9
CAOFF//SIR R BRAITHWAITE
CAOFF//MISS NEVILLE-JONES CAOFF//MR SIBSON
CAOFF//MS D CORNER CAOFF//MR CHARLTON PS/PM
NNNN
PAGE
2
UNCLASSIFIED