TNAG-0623-FCO40-771-Hong-Kong-Government-investments-in-South-African-stocks-1977 — Page 27

CONFIDENTIAL

- 12 -

£

HK$

으

%1974)

Sterling

136, 141, 616.89

1, 390, 005, 908.44

37.50

53.87

U.S. Dollars

117,082, 074.36

1, 195, 407,979.20

32.25

18.47

D. Marks

33,000,963.07

336,939, 832.94

9.09

7.37

H.K.

Dollars

4, 140, 866.01

42,278, 241.95

1. 14

5.95

Swiss Francs 22,268, 454.72

227, 360, 922.68

6.13

5.58

Canadian

Dollars

23, 369,497.31

238,602, 567.54

6.44

5.51

Dutch

Florins

17,301, 507.20

176, 648, 382,51

4.77

2.12

Belgium Francs

2, 185, 914.07

22, 318, 182,65

0.60

0.79

Japanese Yen

5,596, 544. 75

57, 140, 721.89

1.54

Norwegian Kroner

1,064, 627.27

362, 152, 065.65

Gold

931,008.61

10,869, 844. 42

3,697, 572, 590,22 9,505,597.90

0.28

99.74

99.66

0.26

0.34

£ 363, 083, 074.26 HK$ 3, 707, 078, 188. 12 100.00

100.00

On 6th August 1975, the Exchange Fund Advisory Committee advised

the Financial Secretary to reduce the sterling component of the Fund's

assets to 30%, and as a general guide, they recommended that 40%

should be kept in US dollar assets and 30% in assets denominated in

other currencies. At 31st December 1975, the figures were as

follows:

Source: Hong Kong Exchange Fund

Report and Account for the year ending 31st December 1975

CONFIDENTIAL