636
THE HONG KONG GOVERNMENT GAZETTE, JULY 7, 1939.
TREASURY.
Light Dues.
No. 556.-1 hereby give notice that the figure representing the average opening selling rate for the month of June, 1939, of the Hongkong and Shanghai Banking Corporation for demand drafts on London is settled at 14.73.
30th June, 1939.
T. BLACK, Accountant-General.
HARBOUR Department.
No. 557.-The following is published for general information :—
The number of Emigrants leaving the Colony for the Straits Settlements
during the month of June, 1939, was 2,223.
4th July, 1939.
EXCHANGE FUND.
POSITION AT 31ST DECEMBER, 1938.
G. F. HOLE,
Harbour Master, &c.
No. 558.-Reference is invited to the statement regarding the Exchange Fund published on 31st December, 1938, which indicated the position at 30th June, 1938. During the six months following that date the Fund purchased a small quantity of Silver Subsidiary Coins to be refined and marketed.
It was not found necessary for the Fund to operate in the local exchange market during the period now reviewed.
On 31st December, 1938, the Certificates of Indebtedness outstanding amounted to $191,134,887 which is equivalent to £11,945,930 @ Is. 3d. the middle market rate on that day; the total assets of the Fund amounted to £13,035,370 of which 73.06 per cent. was held in gilt edged sterling securities, 26.85 per cent. on deposit in London at call or short notice and '09 per cent. in silver.
S. CAINE, Financial Secretary.
TREASURY, HONG KONG,
30th June, 1939.