THURSDAY, NOVEMBER 14, 1985
20
APPLICATIONS INVITED FOR +TIGER GOLD COIN
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THE GOVERNMENT ANNOUNCED TODAY THE ISSUE OF A LIMITED QUANTITY
THE YEAR OF $1 000 GOLD COINS TO MARK THE COMING LUNAR NEW YEAR OF THE TIGER.
APPLICATION FORMS WILL BE AVAILABLE FROM NOVEMBER 28 FROM ALL OFFICES OF THE HONGKONG AND SHANGHAI BANKING CORPORATION AND DISTRICT OFFICES OF THE CITY AND NEW TERRITORIES ADMINISTRATION. APPLICATIONS WILL CLOSE AT 12.30 PM ON DECEMBER 14.
A GOVERNMENT SPOKESMAN SAID THAT THE PROOF VERSION OF THE COIN IS PRICED AT $3 300 WHILE THE BRILLIANT UNCIRCULATED COIN COSTS $2 200. THESE ARE THE PRICES AT WHICH THE COCKEREL, THE DOG, THE PIG, THE RAT AND THE OX COINS WERE SOLD.
+THE APPLICATION PROCEDURE IS THE SAME AS THAT FOR PREVIOUS YEARS IN THAT CHEQUES ON PERSONAL ACCOUNTS WILL BE ACCEPTED AS WELL AS BANKER'S CASHIER ORDERS,+ THE SPOKESMAN SAID.
+HOWEVER, APPLICATIONS ARE RESTRICTED TO RESIDENTS WITH A HONG KONG IDENTITY CARD. IN THE EVENT OF OVER-SUBSCRIPTION A
BALLOT WILL BE HELD, HE ADDED.
THE YEAR OF THE TIGER GOLD COIN IS THE PENULTIMATE COIN IN THE CURRENT SERIES OF LUNAR NEW YEAR GOLD COINS COMMEMORATING THE 12 LUNAR YEARS WHICH CORRESPOND TO THE WESTERN CALENDAR YEARS 1976 -- 1987.
WORLD-WIDE MINTAGE FOR EACH COIN IN THE SERIES IS LIMITED, AND THE YEAR OF THE TIGER COIN IS NO EXCEPTION. THE SPOKESMAN SAID THAT 7 500 PROOF AND 10 500 UNCIRCULATED COINS HAVE BEEN SET ASIDE FOR HONG KONG RESIDENTS.
PROCEEDS FROM THE SALE OF THE GOLD COINS ARE HELD IN A SPECIAL COIN SUSPENSE ACCOUNT AND ARE USED TO HELP FINANCE CAREFULLY SELECTED PROJECTS.
THE MOST RECENT FINANCIAL ASSISTANCE PROVIDED WAS A $28.5 MILLION GRANT TO THE HONG KONG ARTS CENTRE TO MEET THE CAPITAL COST OF THE BUILDING.
MONEY HAS ALSO BEEN EARMARKED FROM THE SPECIAL COIN SUSPENDE ACCOUNT FOR THE FUNDING OF THE SHA TIN INFIRMARY, WHICH WILL PROVIDE BEDS FOR THE CHRONICALLY ILL AND CONVALESCING PATIENTS.
THE 700-BED INFIRMARY, EXPECTED TO BE COMPLETED IN 1990, WILL BE RUN BY THE MEDICAL AND HEALTH DEPARTMENT, WITH MEDICALLY QUALIFIED STAFF IN ATTENDANCE.
/THE FOLL.I. G
E