TNAG-2475-FCO40-3605-Hong-Kong-exchange-fund-report-and-accounts-for-1991-1992 — Page 40

Representing :

CONFIDENTIAL

- 27

ACCUMULATED SURPLUS AND RESERVE ACCOUNTS

Accumulated surplus account

13

64,316,746

52,913,332

Exchange equalisation reserve

14

29,146,934

29,679,731

account

Investment equalisation

15

5,188,229

43,243

reserve account

Contingency reserve account

16

378,147

98,651,909

*** *- 20m 2+ BEES BE

The notes on pages 29 to 47 form part of these accounts.

83,014,453

gente que past 20 y 200 201 20

(R.W. Candler)

Acting Director, Office of the Exchange Fund Member and Secretary

The Exchange Fund Advisory Committee

16 April 1992

Office of the Exchange Fund Monetary Affairs Branch Government Secretariat

CONFIDENTIAL