XN000022-1996-03-26 — Page 5

Exchange Fund balance sheet

Table 1

(HK$ Million)

1994 (Revised)

1995

Percentage Increase

Assets

Foreign currency assets*

381,233

428,547

Hong Kong dollar assets

24,617

32,181

Total

405,850

460,728

13.52%

Liabilities

Certificates of Indebtedness

74,301

77,600

Fiscal Reserves Account

131,240

125,916

Coins in circulation

3,372

3,597

Exchange Fund Bills and Notes

46,140

53,311

Balance of banking system

2,208

1,762

Other liabilities

22,815

38,422

Total

280,076

300,608

7.33%

Accumulated earnings

125,774

160,120

27.31%

*1995 figures are based on US$1 to HKS7.732, the market rate as at end 1995 while 1994 figures are based

on US$1 to HK$7.737, the rate as at end 1994