TNAG-1773-FCO40-2525-Hong-Kong-Exchange-Fund-Hong-Kong-Futures-Exchange-Limited--1988 — Page 104

CERTIFICATE

of the

DIRECTOR OF AUDIT

on the accounts of

THE EXCHANGE FUND

for the year ended 31 December 1987

I have examined the attached Balance Sheet and the accompanying Income and Expenditure Account, Accumulated Surplus Account, Exchange Equalisation Reserve Statement and Investment Equalisation Reserve Statement in accordance with the provisions of Section 7 of the Exchange Fund Ordinance (Cap. 66). I have obtained all the information and explanations that I have required and I certify as a result of my audit that in my opinion the attached Balance Sheet and the accompanying statements are correct.

Audit Department,

Hong Kong,

5 August 1988.

важный

(R. J. Hutt )

Acting Director of Audit