TNAG-2561-FCO40-3744-Future-of-Hong-Kong-Special-Administrative-Region-Government-1992 — Page 24

布政司署

香港下亞囲畢道

CONFIDENTIAL

BY FAX

GOVERNMENT SECRETARIAT

LOWER ALBERT ROAD HONG KONG

本署檔號 Our Ref.. САВ И 1/16

來函檔號 Your Ret..

Dr. Simon Harkin,

Hong Kong Department,

Foreign & Commonwealth office,

London, SW1A 2AH,

United Kingdom.

Dean Simon,

Land Fund

25

23 July 1992

ра

MB23/7

the

Thanks for your fax.

Land Fund overall figures.

officially we do not have But I've checked with Mr. Joseph YAM, Director, Office of the Exchange Fund, who sits ad personam on the Land Fund Investment Committee. He advised that the total asset of the Land Fund was HK$33.946 billion as at 31 March 1992.

Since

1

has transferred a HKG April 1992, the

Land Fund. This then further HK$3.587 billion to the

about HK$37.533 billion produces

figure of a total (excluding accumulated earnings since 1 April 1992).

As I stressed over the phone, the above figures are for

The Chinese have internal consumption. strictly internal reacted strongly whenever we gave an estimate of the Land Fund in public.

ества,

Yours ev

Julma

( Joshua C.K. LAW )

for Secretary for Constitutional Affairs

CONFIDENTIAL