!
Assats
FOREIGN CURRENCY ASSETS
HONG KONG DOLLAR ASSETS
Liabilities
CERTIFICATES OF INDEBTEDNESS
TRANSFERS OF FISCAL RESERVES
COINS IN CIRCULATION
EXCHANGE FUND BILLS
OTHER LIABILITIES
BALANCE OF BANKING SYSTEN
Net Assets
Representing
ACCUMULATED INVESTMENT SURPLUS
CONFIDENTIAL
EXCHANGE FUND BALANCE SHEET
AS AT END OF YEAR
Note
3
1988
Annex
(HK$ Million)
1987
1988
1989
1990
84,715 3,876
88,591
113,518 5,317
127,227 5,824
118,835
133,051
149,152 9.625
158,777
192,323 3.874
196.197
20.531
26,831
31,731
37,191
40,791
23,359
32,557
38,269
52,546
63,226
1,441
1,470
1,890
2,012
2.003
-
6,671
4.103
4.453
2,554
1,803
391
860
978
480
49,434
65,311
75,304
94,330
113.562
39,157
53,524
********
57,747
***** 3:
84.447
82,635
========
********
18,006
23.139
31,800
UNREALISED EXCHANGE AND INVESTMENT GAINS
21.151
30,385
25,947
40,370 24,077
52,913
29.722
39,157
53,524
57,747
84,447
82,635
******33
********
********
****** EZ
NOTES ON THE ACCOUNTS
1.
As backing for their bank note issues, the two mote issuing banks are required to hold non-interest bearing certificates of indebtedness issued by the Exchange Fund. Since 17 October 1983 these certificates have been issued to or redeened from the two banks against payment in US dollars at a fixed rate of HKS7.30 = US$1.00.
2. This is that proportion of the fiscal reserves which has been transferred from the General Revenue Account, the Capital Investment Fund and Capital Works Reserve Fund to the Exchange Fund an an interest earning basis.
3.
Other liabilities comprise expenses accrued at the year end, in the main interest due on fiscal reserve transfers, contingency reserves for bank rescue operations and any other borrowings.
iCONFIDENTIAL
P15
No comments yet.
Private notes are available after approval.