TNAG-2475-FCO40-3605-Hong-Kong-exchange-fund-report-and-accounts-for-1991-1992 — Page 53

11. OTHER LIABILITIES

Hong Kong Government

General Revenue Account

Staff costs

Miscellaneous

CONFIDENTIAL

-

- 40 -

HK$ '000

1991 HK$ '000

HK$ '000

1990 HK$ '000

5,887

4,637

26

5,913

18

4,655

Other accounts

Management fees and

bank charges

13,118

6,630

Multi-currency

portfolio bonuses

3,632

1,437

Note and coin expenses

246

172

Office equipment

1,175

Office expenses

81

28

Amount due to portfolio

manager and depository

1,695

88

Professional fees on sale

of equities

25

Short-term loan interest

23,752

Unrealised exchange losses

on forward foreign

exchange contracts

610,792

654,516

660,429

===== F S

12. SHORT-TERM LOANS

Borrowings from banks

Borrowings from The Hong Kong

Housing Authority

1991 HK$ '000

3,015,281

1,158,000

4,173,281

CONFIDENTIAL

8,355

13,010

1990 HK$ '000