Type of Assets
CONFIDENTIAL
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THE EXCHANGE FUND
STATEMENT OF THE DISTRIBUTION OF THE FUND'S ASSETS AS REQUIRED UNDER PARAGRAPH 4 OF THE INVESTMENT POLICY AND ACTUAL DISTRIBUTION AS AT 31 DECEMBER 1987
Appendix IV
(a) cash, notice and call
deposits, and marketable obligations maturing within 6 months
Required under investment policy (HKD million)
%
Actual (HKD million)
Divergence (HKD million)
%
51,567.74
45.00
63,101.75
55.07
+11,534.01
+10.07
(b)
assets other than those described in (a) maturing within 5 years
28,648.75
25.00
29,394.94
25.65
+746.19
+0.65
(c)
assets other than those described in (a) and (b), but not having a maturity exceeding 10 years from the date of purchase to the date of redemption except for gilt- edged obligations of which up to 25% of the nominal value may be invested beyond 10 years
Note:
34,378.50
30.00
22,098.30
19.28
-12,280.20
-10.72
114,594.99
100.00
114,594.99
100.00
20 m 2 r =====
=
This statement excludes the loans to The Ka Wah Bank Limited First Pacific Bank Limited and The Hong Kong Futures Guarantee Corporation Limited and investments in Cable and Wireless (Hong Kong) Limited, The Cross Harbour Tunnel Company Limited, Hang Lung Bank Limited, Hong Kong Air Cargo Terminals Limited, Overseas Trust Bank Limited and The Hong Kong Building and Loan Agency Limited.
CONFIDENTIAL
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