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THURSDAY, FEBRUARY 11, 1993
GROUP TO STUDY IMPLICATIONS OF SHARE ISSUES
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GOVERNMENT SPOKESMAN ANNOUNCED TODAY (THURSDAY) THAT CHIEF EXECUTIVE (DESIGNATE) OF THE HONG KONG MONETARY AUTHORITY, MR JOSEPH YAM, HAD SET UP AN INTERNAL WORKING GROUP TO ASSESS THE MONETARY AND BANKING IMPLICATIONS OF LARGE NEW SHARE ISSUES.
THE WORKING GROUP, COMPRISING THE COMMISSIONER OF BANKING AND OTHER SENIOR OFFICIALS OF THE OFFICE OF THE COMMISSIONER OF BANKING AND OFFICE OF THE EXCHANGE FUND, INTENDS TO CONCLUDE ITS WORK AND FORMULATE RECOMMENDATIONS, IF ANY, IN ABOUT ONE MONTH'S TIME.
1993 COIN COLLECTIONS ON SALE
THE OFFICE OF THE EXCHANGE FUND HAS ARRANGED FOR PROOF AND BRILLIANT UNCIRCULATED COIN COLLECTIONS TO BE PRODUCED FOR SALE TO THE PUBLIC FROM NEXT MONDAY (FEBRUARY 15).
THIS IS TO COMMEMORATE THE INTRODUCTION OF THE NEW DESIGN COINS FEATURING A BAUHINIA FLOWER, WHICH ARE GRADUALLY REPLACING THE TERRITORY'S PRESENT CIRCULATION.
A SPOKESMAN FOR THE OFFICE SAID: "EACH COLLECTION COMPRISES SEVEN COINS RANGING FROM THE 10-CENT COIN TO THE $10 COIN, ALTHOUGH ONLY THE $2 AND $5 COINS ARE NOW IN CIRCULATION."
"ALL THE COINS ARE DATED 1993, EVEN THOUGH THE $10 AND 10-CENT COINS WILL NOT BE PUT INTO CIRCULATION THIS YEAR. THIS SHOULD ADD SUBSTANTIAL NUMISMATIC VALUE TO THE COIN COLLECTIONS, HE ADDED.
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THE HIGHLY PRIZED PROOF COINS HAVE BEEN METICULOUSLY PRODUCED AND ARE FAR SUPERIOR IN QUALITY ΤΟ COINS IN GENERAL CIRCULATION. THEY ARE SEALED IN A SPECIAL RED PRESENTATION CASE.
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"WORLDWIDE SALES OF THE PROOF COIN COLLECTIONS WILL BE LIMITED TO 30,000 SETS, OF WHICH 25,000 SETS ARE AVAILABLE TO HONG KONG, THE SPOKESMAN SAID.
THE BRILLIANT UNCIRCULATED COINS COMB PROTECTED AND SEALED WITHIN A COLOURFUL AND ATTRACTIVE PRESENTATION FOLDER. WHILST NOT OF PROOF QUALITY, THEY ARE SUPERBLY CRAFTED AND ARE AVAILABLE IN UNLIMITED QUANTITIES.
"THE PROOF AND BRILLIANT UNCIRCULATED COIN COLLECTIONS, PRICED AT $380 AND $128 RESPECTIVELY, WILL BE AVAILABLE FROM NEXT MONDAY AT THE DESIGNATED BRANCHES OF HONGKONGBANK AND ALL BRANCHES OF THE OVERSEAS TRUST BANK, THE SPOKESMAN SAID.
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HE ADDED THAT THE COIN SETS WOULD BE ON SALE ON A FIRST-COME, FIRST-SERVED BASIS.
/IN VIEW