XN000022-1973-05-11 — Page 5

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Friday, May 11, 1973

MORE MONEY FOR LOFTERY WINNERS

Winners of the 1973 Government Lotteries will get more money

this year,

A new prize structure has been adopted to encourage more

people to buy lottery tickets.

The Chairman of the Government Lotteries Management Committee,

Mr. Chau Kaiyin announced today that under the new system, the first

prize will amount to 40 percent of the total income, 10 per cent higher

than that of last year.

"This means that if one million tickets are sold, the winner

will get $800,000, or $200,000 more than last year," he said.

There will be one second prize of 10 per cent of the total

amount, compared with last year's two per cent. On the sale of one

million tickets, this winner would get $200,000.

There will be five third prizes with each winner getting one percent

of the total receipta.

In addition, 50 tickets will be drawn for special prizes, Each

winner will get 0.1 per cent of the total income or $2,000, assuming again

that one million tickets are sold.

"The ratio between prize value and proceeds to the Lottery Fund

will remain unchanged," Mr. Chau said, "sixty per cent prizes and 40 per cent

for proceeds.

/Tickets