TUESDAY, MAY 11, 1976
FIVE-DOLLAR NOTE TO BE REPLACED BY COIN *****
A GOVERNMENT SPOKESMAN CONFIRMED TODAY THAT A $5 COIN WILL BE INTRODUCED TO HONG KONG IN AUGUST OF THIS YEAR AND THAT IT WILL GRADUALLY REPLACE THE $5 NOTE AT PRESENT IN USE.
THE COINAGE REVIEW COMMITTEE ORIGINALLY RECOMMENDED THAT THE $5 COIN SHOULD BE INTRODUCED IN 1978. HOWEVER, THE ESCALATION OF NOTE PRINTING COSTS HAS BEEN SUCH THAT THE LONG TERM BENEFITS OF REPLACING NOTES WITH COINS NOW FAR EXCEED THOSE ENVISAGED BY THE COMMITTEE AND IT WAS THEREFORE DECIDED TO ADVANCE THE ISSUE TO THIS YEAR. THE ECONOMIES DERIVE FROM THE FACT THAT THE LIFE OF A COIN CAN BE AS LONG AS 50 YEARS WHEREAS THE $5 NOTE ONLY HAS A LIFE OF ABOUT 8 OR 9 MONTHS.
LIKE THE PRESENT $1 COIN, THE NEW COIN, WHICH IS TEN SIDED, WILL BE MINTED IN CUPRO-NICKEL AND WILL BE ABOUT THE SAME SIZE AS THE PRESENT DOLLAR COIN BUT WILL BE SLIGHTLY LIGHTER IN WEIGHT.
THE SPOKESMAN ALSO SAID THAT THE GOVERNMENT INTENDS TO REPLACE THE PRESENT 50 CENT COIN AND $1 COIN IN 1977 AND 1978 RESPECTIVELY. THE NEW COINS WILL BE BOTH SMALLER AND LIGHTER THAN THE CURRENT
ISSUE.
UNIVERSITY. OF LONDON G.C.E. EXAMINATION *****
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PRIVATE CANDIDATES FOR THE G.C.E. EXAMINATION IN JUNE ARE REMINDED TO COLLECT THEIR ADMISSION FORMS ON THE DATE SPECIFIED IN THE NOTIFICATIONS POSTED TO THEM RECENTLY.
ANY CANDIDATE WHO HAS NOT RECEIVED THE NOTIFICATION OR WHO IS UNABLE TO GO AT THE SPECIFIED DATE SHOULD COLLECT HIS FORM IN PERSON AT THE EXAMINATIONS DIVISION OF THE EDUCATION DEPARTMENT AT CANTON ROAD GOVERNMENT OFFICES BETWEEN MAY 17 AND MAY 21 DURING NORMAL OFFICE HOURS. HE SHOULD BRING WITH KIM HIS IDENTITY CARD.
THOSE WHO FAIL TO COLLECT THEIR ADMISSION FORMS BY MAY 24 WILL BE REGARDED AS HAVING WITHDRAWN THEIR ENTRIES.
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