TNAG-0126-FCO40-162-Sterling-balances-1970 — Page 114

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STERLING ASSETS OF HONG KONG

By classes of funds

Class of funds

Currency Board Holdings and Currency

Funds with Crown Agents (a)

Special Funds with Crown Agents (a) (b)

General Funds with Crown Agents (a) (c)

Funds with U.K. Banks (d)

£ millions

30th September 1968

104

9

27

177

377

Total funds

(a) Deposits, U.K. Treasury Bills, British Government and Government-guaranteed stocks, Commonwealth and South African Securities and investments in U.K. Local Authorities.

(b) Funds of Colonial Governments and other public bodies held under statute or earmarked for special purposes (e.g., sinking, savings banks, renewals and pension funds).

(c) Other funds of Colonial Governments and other public bodies (e.g., general revenue balances and invested surplus and general purpose reserve funds).

(d) Deposits and U.K. Treasury Bills held for all residents

of Hong Kong, British Government and Government- guaranteed stocks held for banks and central monetary institutions and deposits with U.K. Hire Purchase Finance Companies, net of sterling liabilities

(including acceptances) of Hong Kong to the United Assets denominated in currencies of the

Kingdom.

overseas sterling area are excluded.

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