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FRIDAY, SEPTEMBER 2, 1988

INFORMATION ON FUND ACCOUNTING ARRANGEMENTS

CERTAIN RELEVANT

INFORMATION CONCERNING THE NEW ACCOUNTING ARRANGEMENTS BETWEEN THE EXCHANGE FUND AND THE HONGKONG AND SHANGHAI BANKING CORPORATION (HSBC) WILL BE RELEASED FOR PUBLIC INFORMATION FROM MONDAY (SEPTEMBER 5).

ANNOUNCING THIS TODAY (FRIDAY), A SPOKESMAN FOR THE MONETARY AFFAIRS BRANCH SAID THAT FROM NEXT MONDAY ONWARDS, THE EXCHANGE FUND WOULD RELEASE FOR PUBLIC INFORMATION AT APPROPRIATE TIMES BACH DAY THROUGH REUTERS THE BALANCE IN HSBC'S ACCOUNT WITH THE EXCHANGE FUND AT THE CLOSE OF BUSINESS THE PREVIOUS DAY AND THE NET EFFECT OF OPERATIONS, IF ANY, CARRIED OUT BY THE EXCHANGE FUND DURING THE DAY ON THE BALANCE.

"THE REUTERS PAGE CODE IS 'HKEF' ADDING THAT OTHER RELEVANT INFORMATION CONSIDERED APPROPRIATE.

H THE SPOKESMAN POINTED OUT, WOULD BE SO PUBLISHED WHEN

HE RECALLED THAT THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK, IN ANNOUNCING THE NEW ACCOUNTING ARRANGEMENTS ON JULY 15 THIS YEAR, HAD INDICATED THAT, GIVEN THE MONETARY EFFECTS OF EXCHANGE FUND OPERATIONS THEREUNDER, IT WOULD BE USEFUL EXCHANGE AND MONEY MARKET PARTICIPANTS TO HAVE ACCESS RELEVANT INFORMATION.

NOTED.

"THE ARRANGEMENTS WITH REUTERS WILL SERVE

FOR FOREIGN TO CERTAIN

THIS

PURPOSE, HE

MORE OLD-TYPE IDENTITY CARDS DECLARED INVALID

(FRIDAY)

THE IMMIGRATION DEPARTMENT ANNOUNCED TODAY OLD-TYPE IDENTITY CARDS ISSUED BEFORE JULY 1 LAST YEAR TO BETWEEN 1957 AND 1962 WILL CEASE TO BE VALID DOCUMENTS FROM 12 THIS YEAR.

A NOTICE TO THIS EFFECT WAS

(FRIDAY).

THAT ALL MEN BORN SEPTEMBER

PUBLISHED IN THE GAZETTE TODAY

THIS IS THE SECOND BATCH OF IDENTITY CARDS DECLARED INVALID SINCE THE NEW IDENTITY CARD RE-ISSUE SCHEME BEGAN ON JULY 1 LAST YEAR.

"ONCE AN OLD CARD IS DECLARED INVALID, IT WILL NOT BE ACCEPTED FOR ANY PURPOSE, A SPOKESMAN FOR THE IMMIGRATION DEPARTMENT SAID.

++

/"FOR EXAMPLE,

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