THE HONG KONG GOVERNMENT GAZETTE, OCTOBER 15, 1937.
THE TREASURY.
EXCHANGE FUND.
775
POSITION AT 30TH JUNE, 1937.
No. 735.-The Exchange Fund set up in December, 1935, took over, in accordance with Ordinance 54 of 1935, the silver which had to be delivered under that Ordinance; it also purchased during the first few months of its operation substantial quantities of exchange which were offered on the local market. It has since both bought and sold exchange as has been found necessary.
The silver taken over by the Fund was sold and the monies so obtained and exchange bought by the Fund constitute assets against the liabilities represented by Certificates of Indebtedness issued by the Treasurer to the Banks.
On June 30th last the Certificates of Indebtedness outstanding amounted to $152,652,579, which is equivalent to £9,342,020 at the rate of 1/2 11/16, the middle market rate on that day; the total assets of the Fund amounted to £10,316,240 of which 62.97% was invested in gilt edged sterling securities and 35.91% was held in cash or on deposit in London at call or short notice. The balance 1.12% represented silver.
The Treasury,
Hong Kong, 13th October, 1937.
S. CAINE,
Financial Secretary and Colonial Treasurer.
COMMISSIONERS POWERS ORDINANCE, 1886.
PROCLAMATION No. 9 OF 1937.
No. 736.-Notice is hereby given, pursuant to section 3 (3) of Ordinance No. 13 of 1886, that the examination of witnesses by the Commissioners appointed to enquire into and to establish the facts in relation to the alleged sinking of certain fishing junks the survivors of which were brought into Hong Kong on board the S.S. Scharnhorst and S.S. Kaying, will be conducted in public at the Supreme Court on Monday, the 18th October, at 10 a.m.
J. C. MCDOUALL, Secretary to the Commissioners.
14th October, 1937.
LAND REGISTRY OFFICE.
No. 737.-It is hereby notified for general information that a Memorial of Re-entry by the Crown on New Kowloon Inland Lot No. 1910 has been registered according to law.
T. S. WHYTE-SMITH, Land Officer,
14th October, 1937.