TNAG-1773-FCO40-2525-Hong-Kong-Exchange-Fund-Hong-Kong-Futures-Exchange-Limited--1988 — Page 101

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TABLE 8

Proportion of coins in circulation by denomination: (per cent by

value of total circulation)

End of

December

1985

1986

1987

5¢

0.485

0.403

0.395

10€

5.156

4.614

4.705

206

7.387

6.134

6.087

50€

11.162

9.830

10.008

$1

23.477

23.255

22.956

$2

24.248

25.380

25.055

$5

27.951

30.273

30.685

Nickel coins

0.134

0.111

0.109

100.000

100.000

100.000

40.

At 31 December 1987, the withdrawal and disposal position of old coins was as follows:

(Millions of coins)

10 cent

50 cent

1 dollar

5 dollar

Date of demonetization 1.1.84

Maximum circulation

615.8(4)

1.10.79 1.3.80

176.5(1) 211.4(2)

8.10.81

51.8(3)

Withdrawn and shipped

to the Royal Mint

344.75

130.64

168.45

45.26

Proportion of maximum

circulation withdrawn

and shipped

55.98%

74.02%

79.68%

87.37%

Notes

(1) Chinese New Year 1977 (includes 11 million coins

held in the Treasury vault)

(2)

Chinese New Year 1978

(3)

Chinese New Year 1981

(4) Chinese New Year 1981

CONFIDENTIAL