Hong Kong Regulations

CAPITAL INVESTMENT FUND - SCHEDULE SCHEDULE

PART I [paragraphs 3(b) & 4(b)]

ASSETS, INCLUDING INVESTMENTS AND ADVANCES OF THE DEVELOPMENT LOAN FUND,
CREDITED TO THE FUND

1. Exchange Fund debt certificates. 2. Short notice and time deposits. 3. Cash
and bank balances. 4. Investments in respect of-

   (a)  Capital investments in the Hong Kong Housing Authority.

   (b)  Hong Kong Building & Loan Agency Limited-Guaranteed Notes.

   (c)  Hong Kong Export Credit Insurance Corporation. 5. Advances-
Hong Kong Housing Authority-Advance in respect of interest accrued.

PART II [paragraph 3(c)]

INVESTMENTS AND ADVANCES OF THE GENERAL REVENUE CREDITED TO THE FUND

1. Investments-
Shares in the Asian Development Bank. 2. Advances-
Hong Kong Housing Authority-Advance in respect of dividends and interest
accrued.

PART III [paragraph 3(d)]

INVESTMENTS AND ADVANTAGES BY WAY OF WAIVED LAND PREMIUM, DONATED WORKS AND
OTHER BENEFITS, OTHER THAN CASH, CREDITED TO THE FUND

1. Capital investments in Hong Kong Housing Authority. 2. Shares in the New
Hong Kong Tunnel Company Limited. 3. Government's contribution to the initial
capital of the Kowloon-Canton Railway Corporation.

(Enacted 1990)