§ Mr. MacShaneTo ask the Secretary of State for Foreign and Commonwealth Affairs, pursuant to his answer of 27 November,Official Report, column 308, what is the current value in pounds sterling of (a) the Hong Kong Government's gold reserves and (b) all other assets of the Hong Kong exchange fund. [8518]
§ Mr. HanleyThe current value of the Hong Kong Government gold reserves, held in the exchange fund, is about £15 million. The total assets of the exchange fund, excluding the gold reserves, as at end November 1996 amounted to about £39.5 billion.