XN000022-1996-03-12 — Page 20

18 -

Man jailed for selling own ID card

The Immigration Department today (Tuesday) warned that it was an offence to transfer one's identity card to another person and the offender, if convicted, would face a maximum fine of $100,000 and imprisonment for ten years.

The warning was prompted by a court case in which a Hong Kong resident was sentenced at Western Magistracy to nine months' imprisonment after he was convicted of the offence.

Investigation revealed that the defendant had been issued with a Hong Kong identity card in December 1989. Due to financial difficulty, the man sold his identity card for $2,500 to another man in April 1994 reportedly for illegal use by someone in the Philippines.

The man subsequently reported loss his identity card and applied for a replacement.

End

Hong Kong Monetary Authority tender results

**

Tender date

Paper on offer

Issue number

Issue date

Maturity date

Amount applied

Amount allotted

12 Mar 1996

EF Bills

Q611

13 Mar 1996

12 Jun 1996

HKD3,628 MN

12 Mar 1996

EF Bills

H660

13 Mar 1996

11 Sep 1996

HKD2,378 MN

HKD800 MN

HKD1.500 MN

Average yield accepted

5.39 PCT

5.49 PCT

Highest yield accepted

5.40 PCT

5.50 PCT

Pro rata ratio

About 40 PCT

About 50 PCT

Average tender yield

5.42 PCT

5.54 PCT

Page 20Page 21