TNAG-1773-FCO40-2525-Hong-Kong-Exchange-Fund-Hong-Kong-Futures-Exchange-Limited--1988 — Page 120

10. GOLD.

Quantity

Market value

CONFIDENTIAL

-

- 38 -

-

Valuation price (a troy ounce)

1987 troy ounces

1986 troy ounces

179,641.155

207,409.458

HK$ '000s

HK$'000s

681,684

632,396

USD486.50 (HKD3,794.70)

USD390.90 (HKD3,049.02)

Of the 179,641.155 fine ounces of gold stock in hand, a total of 160,277.869 fine ounces was deposited with U.K. financial institutions at an average interest rate of 0.40 percent per

annum.

11. LOANS

1987

1986

HK$'000s

HK$'000s

(i) The Ka Wah Bank Limited

1,972,315

1,958,384

(ii) First Pacific Bank Limited

(iii) The Hong Kong Futures Guarantee

Corporation Limited

152,261

1,000,000

CONFIDENTIAL

3,124,576

1,958,384

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