TNAG-2475-FCO40-3605-Hong-Kong-exchange-fund-report-and-accounts-for-1991-1992 — Page 6

CODE 18-77

MR LANE

ECONOMIC ADVISERS

COVERING CONFIDENTIAL

Reference

16

HKB 10215

Pa

EXCHANGE FUND REPORT AND ACCOUNTS FOR THE

YEAR ENDING 31 DECEMBER 1991

I attach for your perusal our only copy of this Report. I should be grateful if you would return it in due course. I have sent a copy to the Bank of England.

Mill offere

Michael V Stone

HONG KONG DEPARTMENT

23 JULY 1992

Thank you.

Chur L.

COVERING CONFIDENTIAL

24/07.