15-JUL-1992 16:08
DEF HKG
+ 852 865 3346
P.05
11. Nor should either the Exchange Fund or the fiscal reserves be confused with the Land Fund, which receives the share of land sale revenue set aside for the SAR Government. At the end of 1991, the land revenue transferred to this Fund totalled $25 billion excluding interest earned.
12. To make comparisons easier, I am publishing the figures for the period 1986-90 as well as the figures for 1991. The 1992 figures will be published at about this time next year, that is, as soon as the audited accounts become available. Later this afternoon, the Director of the Office of the Exchange Fund will be holding a press briefing to explain the figures and to answer questions.
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