TNAG-0381-FCO40-427-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1973 — Page 190

Annex D to XCS(73)9

Definitions.

1.

"Total official external reserves" shall mean:

(1)

gold;

(ii)

cash, bank balances, money at call, time deposits, certificates of deposit, bank acceptances, bills of exchange and promissory notes, denominated in freely transferable currencies other than the currency of Hong Kong;

(iii) Treasury bills and other obligations issued

or guaranteed by Governments or their agencies, states, provinces, municipalities and international organisations, denominated in freely transferable currencies other than the currency of Hong Kong but excluding all obligations of the Government of Hong Kong or its territorial sub-divisions or agencies;

(iv)

common or ordinary stock and shares, preferred stock and shares, redeemable and irredeemable interest-bearing securities issued by companies or corporations which are quoted on a recognised security market, and units in Unit Trusts and shares in Mutual Funds wherever such companies, corporations, Trusts or Funds may be domiciled other than in Hong Kong,

which are held in the name or to the order of the Exchange Fund, the Government of Hong Kong, its agencies and other official institutions. Overdrafts and short term advances

in all currencies shall be netted against the total.

2. "Official sterling reserves" shall mean:

(1) cash, bank balances, money at call, time

deposits, certificates of deposit, bank acceptances, bills of exchange, promissory notes;

(11)

Treasury bills and other obligations issued or guaranteed by Governments or their agencies, states, provinces and municipalities and international organisations but excluding all obligations of the Government of Hong Kong or its territorial sub-divisions or agencies;

/(111).....