EXCHANGE RATES

When dollars are quoted in this Report, they are, unless otherwise stated, Hong Kong dollars. At the 31st March 1972, the official rate for conversion to pounds sterling was HK$14.55 =£1 (HK$1=approx. 7p). The official rate for conversion to U.S. dollars was HK$5.58=US$1.

95993-10K-10/72

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