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WEDNESDAY, OCTOBER 30, 1974.
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GOVERNOR RECEIVES 1976 CLYMPIC COIN SET
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THE GOVERNOR, SIR MURRAY MACLEHOSE, TODAY (WEDNESDAY) WAS PRESENTED WITH A SET OF STERLING SILVER COINS SPECIALLY MINTED BY THE CANADIAN GOVERNMENT FOR THE XXI OLYMPIC GAMES TO BE HELD IN MONTREAL IN 1976.
THE PRESENTATION WAS MADE AT GOVERNMENT HOUSE BY MR. M.G. CLARK, THE NEWLY-ARRIVED COMMISSIONER FOR CANADA IN HONG KONG. ALSO PRESENT AT THE CEREMONY WAS MR. A.DE 0. SALES, PRESIDENT OF THE AMATEUR SPORTS FEDERATION AND THE OLYMPIC COMMITTEE OF HONG KONG.
THE CANADIAN OLYMPIC COIN PROGRAMME WAS INITIATED BY THE CANADIAN GOVERNMENT TO HELP FINANCE A MAJOR PART OF THE COSTS OF THE OLYMPIAD IN 1976.
SINCE THE LAUNCHING OF THE FIRST COIN SERIES IN JANUARY THIS YEAR. SPECIAL SETS OF PROOF COINS HAVE BEEN PRESENTED BY THE CANADIAN GOVERNMENT TO VARIOUS HEADS OF STATES AND GOVERNMENTS. THIS IS DESIGNED TO DEMONSTRATE THE INTERNATIONAL AND UNUSUAL CHARACTER OF THE OLYMPICS AND TO PROMOTE AWARENESS OF CANADA'S OLYMPIC SELF-FINANCING PROGRAMME.
HONG KONG, LIKE MANY OTHER COUNTRIES IN THE WORLD, WILL ALSO BENEFIT FROM THE COIN PROGRAMME, ARRANGEMENTS HAVE BEEN MADE FOR THREE PER CENT OF THE SALES REVENUE OF ALL COINS SOLD HERE TO BE PAID TO THE LOCAL NATIONAL OLYMPIC COMMITTEE IN SUPPORT OF AMATEUR SPORT IN HONG KONG.
UNDER THE CANADIAN COIN PROGRAMME, A TOTAL OF 60 MILLION STERLING SILVER COINS IN SEVEN SERIES ARE TO BE ISSUED LETWEEN JANUARY THIS YEAR AND THE SUMMER OF 1976. EACH OF THE FOUR-COIN SERIES WILL HAVE DISTINCTIVE DESIGNS ALL DEPICTING VARIOUS ASPECTS OF THE OLYMPICS, THERE ARE TWO COINS OF C$5 AND TWO OF C$10 FACE VALUE IN EACH SET.
THESE CLYMPIC COING ARE SOLD IN SOME 40 COUNTRIES IN THE WORLD. IT IS ESTIMATED THAT THE REVENUE FROM THE SALES WILL BE ALLE TO COVER SOME CO PER CENT OF THE EXPENDITURE FOR THE STAGING OF THE OLYMPIC GAMES IN MONTREAL.