National Treasury Agency-Important Measures

2012-4

2012/5/4

1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on April 10, 2012 and to issue on April 13 NTD 40 billion of the reopening Central Government Development Bonds, with a 5-year maturity, 1.029% highest yield rate and 1.000% p.a. coupon rate. The central government bond dealers shall purchase at least NT$ 0.8 billion of the government bond in auctions in 2012. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on April 24, 2012 and to issue on April 27 NTD 40 billion of the reopening Central Government Development Bonds, with a 20-year maturity, 1.725% highest yield rate and 1.625% p.a. coupon rate. 3.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on April 19, 2012 and to issue on April 20 NT$30 billion of 91-day Treasury Bills with 0.80% discount rate to finance government funds. 4 .Based on ��Ministry of Finance for review wine sampling plan ��, 100 annual inspection by local government for brewing liquor sold on the market for a total of 449, sampling of 20% and 90 to apply for review. 5.The MOF published ��The Compilation of Effective Measures for Improving the Efficiency of Government Finance�� as reference to be adopted by all the organizations under the Executive Yuan.

2012-3

2012/4/9

1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on March 3, 2012 and to issue on March 7 NT$ 40 billion of the Central Government Development Bonds, with a 10-year maturity, 1.265% highest yield rate and 1.250% p.a. coupon rate. The central government bond dealers shall purchase at least NT$ 0.8 billion of the government bond in auctions in 2012. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on March 13, 2012 and to issue on March 16 NT$ 40 billion of the self-redeemed Central Government Development Bonds, with a 20-year maturity, 1.708% highest yield rate and 1.625% p.a. coupon rate. 3.In conjunction with National Police Agency and local government for the (101) on the 1st National Simultaneous seizure of illegal tobacco and alcohol products from time to time. 4.The MOF promulgate a regulation of ��millet wine�� to stipulate the percentage of millet used as raw materials. 5.The Amendment on Article 6 and the appendix of Article 5 of "Hygiene Standards for Alcohol Products Containers".

2012-2

2012/3/7

1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on February 1, 2012 and to issue on February 4 NT$ 30 billion of the Central Government Development Bonds, with a 2-year maturity, 0.780% highest yield rate and 0.750% p.a. coupon rate. The central government bond dealers shall purchase at least NT$ 0.8 billion of the government bond in auctions in 2012. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on February 8, 2012 and to issue on February 13 NT$ 35 billion of the Central Government Development Bonds, with a 30-year maturity, 1.823% highest yield rate and 1.750% p.a. coupon rate. 3.Adjusted the base stock deposit of National Treasury for 2012 to NT$ 50.3 billion, which will have a retroactive effect from 1st February 2012. 4.Amendment of ��Directions for Using Certification Logo on the Certified Alcohol�� and ��Evaluating Procedures for Acquiring Certification Logo on the Certified Alcohol��

2012-1

2012/2/6

1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on January 3, 2012 and to issue on January 6 NT$40 billion of the Central Government Development Bonds, with a 5-year maturity, 1% highest yield rate and 1% p.a. coupon rate. The central government bond dealers shall purchase at least NT$0.8 billion of the government bond in auctions in 2012. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on January 17, 2012 and to issue on January 20 NT$40 billion of the Central Government Development Bonds, with a 20-year maturity, 1.733% highest yield rate and 1.625% p.a. coupon rate. 3.The MOF and the MOI jointly promulgated ��Regulations of Allocatment and Application of Tax Revenues from Selective Commodities and Labor Services.�� 4.The Ministry of Finance has drafted the ��Common Operation Paradigm for Internal Control System on Treasury Exercises�� as reference to be adopted by all the organizations, agencies and schools under the Executive Yuan. 5.��The MOF 2012 Project on the Seizure of Illegal Tobacco and Alcohol Products�� was promulgated.

2011-11

2011/12/6

1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on November 1, 2011 and to issue on November 4 NT$35 billion of the Reopened Central Government Development Bonds, with a 20-year maturity, 1.819% highest yield rate and 1.875% p.a. coupon rate. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on November 15, 2011 and to issue on November 18 NT$30 billion of the Reopened Central Government Development Bonds, with a 30-year maturity, 1.900% highest yield rate and 1.875% p.a. coupon rate. 3.Requires local governments to strengthen the guidance system of the manufacturing sector of the contents of wine materials, such as the blend, not a single crop brewing, not labeled ��pure��or ��pure wine��. 4.In conjunction with National Police Agency and local government for the(100) on the second National Simultaneous seizure of illegal tobacco and alcohol products from time to time. 5.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on November 28, 2011 and to issue on November 29 NT$20 billion of 273-day Treasury Bills with 0.85% discount rate to finance government funds.

2011-10

2011/11/4

1.Interpretation order of the definition of ��electronic sale�� in Paragraph 1, Article 31 of the Tobacco and Alcohol Administration Act. 2.The MOF amended some contents of ��Program for Improving the Efficiency of Government Finance�� to ensure that its various work agendas and performance benchmarks meet actual requirements. The Executive Yuan have approved the related amendments on October 12, 2011. 3.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on October 17, 2011 and to issue on October 20 NT$40 billion of the strippable Central Government Development Bonds, with a 5-year maturity, 1.08% highest yield rate and 2.00% p.a. coupon rate. 4.Set operation principles of raw materials, process and quality, hygiene, and alcohol labeling for alcohol manufactures. 5.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on October 28, 2011 and to issue on October 31 NT$25 billion of 91-day Treasury Bills with 0.77% discount rate to finance government funds.

2011-9

2011/10/11

1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on September 8, 2011 and to issue on September 9 NT$35 billion of 91-day Treasury Bills with 0.637% discount rate to finance government funds. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on September 27, 2011 and to issue on September 30 NT$35 billion of the Central Government Development Bonds, with a 10-year maturity, 1.288% highest yield rate and 1.28% p.a. coupon rate. 3.The MOF announced that the total amount of public donation is NT$ 20,805,504 from July 1 to July 30,2011. 4.According to the Resolution of the Legislative Yuan of the Republic of China, the MOF submitted��Central Government Debt Performance Assessment Report��.

2011-8

2011/9/6

1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on August 10, 2011 and to issue on August 11 NT$30 billion of 273-day Treasury Bills with 0.855% discount rate to finance government funds. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on August 17, 2011 and to issue on August 22 NT$30 billion of the Central Government Development Bonds, with a 30-year maturity, 1.990% highest yield rate and 1.875% p.a. coupon rate. 3.Amended the ��Regulations for Allocation of Centrally-Funded Tax Revenues��. 4.In conjunction with National Police Agency and local government for the(100) before Mid-Autumn Festival on the �]4st�^National Simultaneous seizure of illegal tobacco and alcohol products from time to time. 5.Promulgation of ��The standard for the certification of the Alcohol Quality-for Beer��.

2011-7

2011/8/5

1.The Executive Yuan abolished ��Regulations Governing Collection and Disbursement of Donated Funds��. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on July 15, 2011 and to issue on July 20 NT$30 billion of the Strippable Central Government Development Bonds, with a 5-year maturity, 1.180% highest yield rate and 2.000% p.a. coupon rate. 3.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on July 28, 2011 and to issue on August 2 NT$30 billion of the Central Government Development Bonds, with a 20-year maturity, 1.975% highest yield rate and 1.875% p.a. coupon rate. 4.The MOF announced that the total amount of public donation is NT$44,330,044 from January 1 to June 30, 2011.

2011-6

2011/7/6

1.The MOF amendment of the ��Preferential Mortgage Loans for Housing for the Youth�� Program. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on June 7, 2011 and to issue on June 10 NT$40 billion of the Reopened Central Government Development Bonds, with a 10-year maturity, 1.475% highest yield rate and 1.375% p.a. coupon rate. 3.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to buyback F100-2, F100-3 and F100-5 Treasury Bills through public tender on June 13, 2011 and to redeem on June 14, NT$ 5.718 billion of F100-2 with 0.5% yield rate, NT$ 2.39 billion of F100-3 with 0.745% yield rate and NT$ 3.115 billion of F100-5 with 0.401% yield rate. 4.Amendment 100 annual ��The Guidelines for Central Supervision and Evaluation of Seizure on Illegal Tobacco and Alcohol Products�� on ��supervision and evaluation focus items�� for the case table. 5.Amendment of the ��The Guidelines of the Management of the Representatives, Managers, Directors, and Supervisors of Enterprises with State-Owned Shareholdings Appointed by the Ministry of Finance��.

2011-5

2011/6/9

1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on April 29, 2011 and to issue on May 3 NT$30 billion of 91-day Treasury Bills with 0.65% discount rate to finance government funds. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on May 10, 2011 and to issue on May 13 NT$30 billion of the Reopened Central Government Development Bonds, with a 30-year maturity, 1.889% highest yield rate and 2.000% p.a. coupon rate. 3.The MOF commissioned the Central Bank of China(Taiwan) to sell through public tender on May 23, 2011 and to issue on May 26, NT$30 billion of the self-redeemed Central Government Development Bonds, with a 20-year maturity, 1.804% highest yield rate and 1.750% p.a. coupon rate. 4.To strengthen the illegal industry produce, sell private inferior tobacco and alcohol, it is scheduled to process project investigating before Dragon Boat Festival. 5.Amendment of Article 3�B10 and 11 of the ��Selection Regulations for the Commissioned Bank of the Local Government Treasury��C

2011-4

2011/5/9

1. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on April 11, 2011 and to issue on April 14 NT$30 billion of the Reopened Central Government Development Bonds, with a 20-year maturity, 1.760% highest yield rate and 2.125% p.a. coupon rate. 2. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on April 7, 2011 and to issue on April 8 NT$30 billion of 364-day Treasury Bills with 0.837% discount rate to finance government funds. 3. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on April 26, 2011 and to issue on April 29 NT$40 billion of the Reopened Central Government Development Bonds, with a 5-year maturity, 1.075% highest yield rate and 1.000% p.a. coupon rate.

2011-3

2011/4/12

1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on March 14, 2011 and to issue on March 17 NT$40 billion of the Central Government Development Bonds, with a 10-year maturity, 1.381�H highest yield rate and 1.375�H p.a. coupon rate. 2.100 years March 23-25 in conjunction with National Police Agency and local government for the (100) on the 1st National Simultaneous seizure of illegal tobacco and alcohol products from time to time. 3.Effective from 16 March, 2011, the MOF has adopted measures to scan all alcohol products imported from the areas of Japan affected by the recent nuclear crisis for the presence of radioactive contaminants. 4.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on March 29, 2011 and to issue on March 30 NT$20 billion of 273-day Treasury Bills with 0.767% discount rate to finance government funds.

2011-2

2011/3/7

1. The MOF commissioned the Central Bank of China to sell through public tender on February 9, 2010 and to issue on February 14, 2011 NT$40 billion of the Central Government Development Bonds, with a 2-year maturity, 0.791% highest yield rate and 0.750% p.a. coupon rate. 2. The MOF commissioned the Central Bank of China to sell through public tender on February 17, 2011 and to issue on February 22, NT$30 billion of the Central Government Development Bonds, with a 30-year maturity, 2.110% highest yield rate and 2.000%p.a. coupon rate. 3. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on February 24, 2011 and to issue on February 25 NT$25 billion of 182-day Treasury Bills with 0.71% discount rate to finance government funds.

2011-1

2011/3/3

1.The MOF commissioned the Central Bank of China to sell through public tender on December 31, 2010 and to issue on January 5, 2011 NT$40 billion of the Central Government Development Bonds, with a 5-year maturity, 1.110% highest yield rate and 1.000% p.a. coupon rate. 2. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on January 7, 2011 and to issue on January 10 NT$25 billion of 91-day Treasury Bills with 0.411% discount rate to finance government funds. 3. The MOF commissioned the Central Bank of China to sell through public tender on January 10, 2011 and to issue on January 13, NT$35 billion of the Central Government Development Bonds, with a 20-year maturity, 2.136% highest yield rate and 2.125% p.a. coupon rate. 4. 2011 years January 19-21 in conjunction with National Police Agency and local government National Simultaneous seizure of illegal tobacco and alcohol products before Chinese New Year. 5. To continue to strengthen seizure of illegal tobacco and alcohol products and prevention of evasion tobacco and alcohol taxes, especially based on Tobacco and Alcohol Administration Act and related regulations, as well as investigation and enforcement of the calendar year to review the effectiveness of setting a ��The MOF 2011 Project on the Seizure of Illegal Tobacco and Alcohol Products��. To market sales of tobacco and alcohol continued to maintain order, reduce taxes and the impact caused by illegal tobacco and alcohol on the market and protect the interests of legitimate industry and consumers. 6. Amendment of partial articles of ��The Regulations Governing the Maintenance and Application of Local Construction Fund Revenues and Expenditures.�� In year 2011, the business objects of loan are added city governments, and budget for the Local Construction Fund is NT$12 billion 7. To protect the safety of consumers, and urged local governments to implement the sampling wines listed on the work of setting a ��Ministry of Finance for review wine sampling plan ��, 2 times review of the sampling wine per year from the year 100. 8. The MOF announced that the total amount of public donation is NT$ 59,084,113 from July 1 to December 31, 2010. 9. Amendment of ��The Fee Standards for Examination of Applications, Issuance of Certification, and Granting of Permission as Charged to Importers and Manufacturers of Tobacco and Alcohol Products��. 10. Adjusted the base stock of national treasury deposit for fiscal year 2011 to NT$ 53.6 billion, which will be in effect on February 1, 2011. 11. ��Selection Regulations for the Commissioned Bank of the Local Government Treasury��has became effective since January 1st,2011 in order to secure the safety of the local government treasury.

2010-12

2011/1/14

1.In addition to publishing information on central government debt on the official website of the NTA each month, starting on December 7, 2010, the MOF also makes monthly announcement of the ��Latest News on Central Government Debt�� on the home page of the MOF official website and on the bulletin board located in the MOF Building. The purpose is to remind all government agencies to collect more revenue while ensuring cost saving to reduce the burden of debt on the government. Citizens are invited to supervise the government��s debt condition. 2.The MOF commissioned the Central Bank of China to sell through public tender on December 9 2010 and to issue on December 14 NT$40 billion of the reopen Central Government Development Bonds, with a 10-year maturity, 1.471% highest yield rate and 1.125% p.a. coupon rate. 3.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on December 13, 2010 and to issue on December 14 NT$30 billion of 273-day Treasury Bills with 0.7% discount rate to finance government funds. 4.The MOF commissioned the Central Bank of China to sell through public tender on December 23 2010 and to issue on December 28 NT$30 billion of the Central Government Development Bonds, with a 30-year maturity, 2.203% highest yield rate and 2.125% p.a. coupon rate. 5.The MOF notifies all of the district national tax administrations on December 15, 2010 that the ��New Operations of Distributing and Refunding of Business Tax for Financial Enterprises�� will become effective from January 2011 with the objective of improving the efficiency of public treasury and tax administration. 6.Approved cases Keelung City Government and other 7 units loan to local construction funds , the consideration agreed to 1.855 billion yuan of approved loans, total number of 10.225 billion yuan of approved loans reached 113.60 percent annual budget goals. 7.In order to ensure consumer safety, strengthen inspections of winter tonic food such as ginger duck, chicken and other food and beverage shochu industry, extensive use of cooking rice wine into the dish.

2010-11

2010/12/15

1.To strengthen the investigation against smuggling of tobacco products, the smuggling of tobacco products intended to enhance the investigation with the concrete practice of performance, the central and local investigation agencies to actively implement in order to effectively prevent and deter the illicit industry 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to buy back four issues of Central Government Development Bonds for NT$40 billion par amount through public tender on November 4, 2010 and to settle on November 9, 2010. The 2006A1 and 2006A5 Central Government Development Bonds were bought back at yield rate 0.73% and 0.83% separately, and the total buyback volume was NT$2 billion par amount. 3.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on November 10, 2010 and to issue on November 11 NT$20 billion of 182-day Treasury Bills with 0.55% discount rate to finance government funds. 4.To strengthen the use of wine of a large number of hotels, restaurants, ginger duck, mutton hot pot, liquor chicken, steak and other food and beverage industry, and department stores, hypermarkets, supermarkets, traditional markets, evening markets, night markets of the inspections, it is scheduled to inspections of use and sale of liquor ad hoc in order to effectively prevent low-priced wine and protect consumers health and safety since present (99) years November 17-24. 5.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on November 25, 2010 and to issue on November 26 NT$25 billion of 91-day Treasury Bills with 0.425% discount rate to finance government funds. 6.The Ministry of Finance and the Department of Health jointly promulgated ��Specifying General No.14849 Classified N6375 Method of test for wines and spirits-Determination of alcohol content by volume for Method of test for alcohol beverages-Test of ethanol (2)�� pursuant to the Letter Tai-Tsai-Ku-Tzu No. 09903520960 and the Order Food No. 0991903925 on November 16th. This method is beneficial for the test units to opt for appropriate test methods based on their equipments and instruments to meet the needs of test and management. 7.To strengthen the fight against illegal industry produce, sell illegal and disqualified tobacco and alcohol products, consumer protection, the MOF plan to handle investigation work for the national synchronized in order to effectively prevent and deter the illicit industry since present (99) years December 1-3. 8.The MOF will suspend ��Guidelines for Select Agent Bank of Local Government Treasury�� from January 1, 2011. 9.To release the table of ��Public Debts of General Governments for 2009�� on the website.

2010-10

2010/11/3

1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on October 21, 2010 and to issue on October 22 NT$25 billion of 364-day Treasury Bills with 0.666% discount rate to finance government funds. 2.The MOF commissioned the Central Bank of China to sell through public tender on October ,22 2010 and to issue on October 27 NT$40 billion of the reopen strippable Central Government Development Bonds, with a 5-year maturity, 0.903% highest yield rate and 2%p.a. coupon rate. 3.The MOF commissioned the Central Bank of China to sell through public tender on October 28, 2010 and to issue on November 2 NT$40 billion of the reopen Central Government Development Bonds, with a 20-year maturity, 1.703%highest yield rate and 1.750% p.a. coupon rate. 4.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on October 28, 2010 and to issue on October 29 NT$30 billion of 273-day Treasury Bills with 0.637% discount rate to finance government funds

2010-9

2010/10/14

1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on August 31, 2010 and to issue on September 1 NT$25 billion of 273-day Treasury Bills with 0.45% discount rate to finance government funds. 2.The MOF commissioned the Central Bank of China to sell through public tender on September 16, 2010 and to issue on September 21 NT$40 billion of the Central Government Development Bonds, with a 10-year maturity, 1.228%highest yield rate and 1.125%p.a. coupon rate. 3.Amended the ��Regulations for Allocation of Centrally-Funded Tax Revenues�� on September 7, 2010.. 4.Amendment of Article 3 and 31 of ��The Enforcement Rules of the Tobacco and Alcohol Administration�� on September 16, 2010. 5.Amendment of partial articles of ��Regulations Governing the Labeling of Alcohol Products�� on September 16, 2010.. 6.Amendment of ��The MOF Standard for Evaluation of the Certification of Alcohol Quality �V rice wine and cooking rice wine��, and the name was amended to ��The MOF Standard for Evaluation of the Certification of Alcohol Quality �V rice wine and cooking wine�� on September 16, 2010.. 7.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on September 28 2010 and to issue on September 29 NT$30 billion of 182-day Treasury Bills with 0.55% discount rate to finance government funds. 8.Announced the Government Bonds and Treasury Bills Issuance Program in the 4rd quarter of FY2010 on September 23, 2010.. 9.The MOF explained the farmers associations and fishermen associations were payment collection institutions as mentioned in Paragraph 1, Article 4 of the Government Treasury Act pursuant to Tai-Tsai-Ku-Tzu No. 09900320250 on September 27, 2010. 10.Promulgation of ��The MOF Standard for Evaluation of the Certification of Alcohol Quality �Vfor grains spirits other than rice spirits and sorghum spirits�� on September 30, 2010.

2010-8

2010/9/6

Important Measures of August 1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on August 3 ,2010 and to issue on August 4, NT$30 billion of 273-day Treasury Bills with 0.593 %discount rate to finance government funds. 2.The MOF commissioned the Central Bank of China to sell through public tender on August 9, 2010 and to issue on August 12 ,NT$40 billion of the Central Government Development Bonds, with a 20-year maturity, 1.789% highest yield rate and 1.750%p.a. coupon rate. 3.To strengthen the illegal industry produce, sell private inferior tobacco and alcohol, it is scheduled to process project investigating before Mid-Autumn Festival, and to protect the safety of consumers and maintain the order of market sales.

2010-7

2010/8/12

Important Measures of July 1.From July 1, 2010 onwards, the Ministry of Finance officially implemented the new system on cash and information flow operations for taxes collected by financial institutions. 2.The MOF suspended ��Major implementation provisions on the submission to the National Treasury of national tax paid to Ministry of Finance��s District National Tax Offices�� pursuant to Tai-Tsai-Ku-Tzu No. 09903513750 on July 1, 2010. 3.The MOF announced that the total amount of public donation from Jaunary 1, to June 30, 2010 is NT$ 24,813,902. 4. The MOF commissioned the Central Bank of China to sell through public tender on July 15, 2010 and to issue on July 20 NT$40 billion of the Central Government Development strippable Bonds, with a 5-year maturity, 1.011% highest yield rate and 2% p.a. coupon rate. 5.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on July 23, 2010 and to issue on July 26 NT$35 billion of 91-day Treasury Bills with 0.358% discount rate to finance government funds.

2010-6

2010/7/7

Important Measures of June 1.The MOF commissioned the Central Bank of China to sell through public tender on June 10 2010, and to issue on Jun 15 NT$40 billion of the Central Government Development Bonds, with a 10-year maturity, 1.457% highest yield rate and 1.375%p.a. coupon rate. 2.The MOF announced the table of ��Public Debts of General Governments for 2009�� on the website, on June 7, 2009. 3.The MOF regulated the implementation of the program "Strengthen the inspection" commercially unreasonable cheap rice wine tracing the source of illegal and disqualified alcohol products "and" commercially unreasonable cheap tobacco tracing the source of illegal and disqualified tobacco products ", tracing the source to comprehensive combat and prevent illegal about cheap alcohol and tobacco products. 4.The MOF amended the ��Regulations for the Payment of the Tax Revenue Collected by the Commissioned Bank, Agency Institute, and Tax Collections Institute of Government Treasury at Each Level�� on June 18 , 2010.

2010-5

2010/6/8

Important Measures of May 1.The MOF commissioned the Central Bank of China to sell through public tender on April 28 2010, and to issue on May 3 NT$40 billion of the Central Government Development Bonds, with a 20-year maturity, 1.998% highest yield rate and 1.875% p.a. coupon rate. 2.In order to crackdown on illegal production and/or sales of tobacco and alcohol and to protect consumer rights, sanitary and safety, the MOF planned to enforce the third seizure on illegal tobacco and alcohol in June, 2010.

2010-4

2010/5/14

Important Measures of April 1.The MOF completed the ��Project of Cash and Information Flow Operations for Sundry National and Local Taxes Collected by Financial Institutions�� on March 30 th, 2010. 2.The Executive Yuan abolished the ��Regulations for the Funds to be Deposited or Remitted by the Central Government Agencies and Government-Owned Enterprises�� and ��Regulations Governing the Funds of the Special Central Government Agency Account to be Collected or Disbursed�� on March 31 th, 2010, pursuant to Yuan-Tai- Tsai-Tzu No. 0990013929. 3.In order to crackdown on illegal production and/or sales of tobacco and alcohol and to protect consumer rights, sanitary and safety, the MOF planned to enforce the second seizure on illegal tobacco and alcohol in May, 2010. 4.The MOF commissioned the Central Bank of China to sell through public tender on March 31 th 2010, and to issue on April 6 NT$30 billion of the Central Government Development Bonds, with a 30-year maturity, 2.230% highest yield rate and 2.250% p.a. coupon rate. 5.The MOF commissioned the Central Bank of China to sell through public tender on April 13 th 2010, and to issue on April1 6 th NT$40 billion of the Central Government Development Bonds, with a 5-year maturity, 1.007% highest yield rate and 0.875% p.a. coupon rate. 6.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on March 31 th 2010 and to issue on April 1st NT$20 billion of 182-day Treasury Bills with 0.5% discount rate to finance government funds. 7.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on April 12th 2010 and to issue on April 13th NT$25 billion of 273-day Treasury Bills with 0.556% discount rate to finance government funds.

2010-3

2010/4/21

Important Measures of March 1.The MOF and the Department of Health (DOH) regulated the ��Method of Test for Alcohol Products Containers --- Test of Polycarbonate Plastic Products�� on March 11th , pursuant to Tai-Tsai-Ku-Tzu No. 09803528050 and DOH Shu-Shou-Shih-Tzu No. 0981800539, in order to meet the needs in the testing and management of alcohol containers and to improve managerial efficacy. The method is effective upon promulgation. 2.The MOF announced the amendment of ��The Restricted Quantity in the Production of Illegal Tobacco and Alcohol for Personal Use Whereas Exemption from being Punished�� pursuant to Tai-Tsai-Ku-Tzu No. 09903504870. When calculating the limit under which penalties will not be imposed on the production of semi-finished alcohol products meant for self-use, products with an alcohol content of less than 0.5% by volume shall not be included, and those with an alcohol content of more than 0.5% and unfiltered shall be counted 50% by volume. The objective of this amendment is to enforce the seizure and rationalize the penalty in order to reduce disputes 3.The MOF abolished, pursuant to Tai-Tsai-Ku-Tzu No.09903504920, ��The Regulations of the Tobacco Health and Welfare Surcharge Distribution and Utilization�� which were regulated according to Article 22 of the Tobacco and Alcohol Tax Act on March 12th , 2010. 4.��Strategies of strengthening the financial plan of public major infrastructure projects�� was sent to Executive Yuan Secretary General for approval. The MOF converted the approval to relevant authorities so as to support and promote the plan, pursuant to Tai-Tsai-Ku-Tzu No. 09903504720 on March 17 , 2010. 5.The MOF commissioned the Central Bank of China to sell through public tender on March 5th 2010, and to issue on March 10th NT$40 billion of the Central Government Development Bonds, with a 10-year maturity, 1.399% highest yield rate and 1.375%p.a. coupon rate. 6.The MOF commissioned the Central Bank of China to sell through public tender on March 26th 2010 and to issue on March 29th NT$25 billion of 273-day Treasury Bills with 0.685% discount rate to finance government funds.

2010-2

2010/3/10

Important Measures of February 1.The MOF commissioned the Central Bank of China to sell through public tender February 6,2010, and to issue on February 10 NT$40 billion of the Central Government Development Bonds, with a 2-year maturity, 0.330% highest yield rate and 0.250% p.a. coupon rate. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on February 6th 2010 and to issue on February 8th NT$25 billion of 182-day Treasury Bills with 0.179% discount rate to finance government funds 3.The MOF commissioned the Central Bank of China to sell through public tender on February 10,2010, and to issue on February 22 NT$40 billion of the Central Government Development Bonds, with a 20-year maturity, 1.950% highest yield rate and 1.875% p.a. coupon rate. 4.Adjusted the base stock of national treasury deposit for fiscal year 2010 to NT$ 54.4 billion, which will have a retroactive effect since February 1, 2010 5.During the 2010 Chinese New Year (February 14 to 21), to protect the health and safety of consumers in tobacco & alcohol consumption and in a timely manner to take care of tobacco & alcohol affairs related to the public interest, the MOF requested 25 local governments to comply with ��The Regulations Governing the Emergency Reporting System for Material Injury Resulting from the Consumption of illegal Tobacco and Alcohol.�� In addition, a real time response mechanism was established, so that accidents were prevented by adequate measures taken.

2010-1

2010/2/26

January Important Measures 1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on December 31, 2009 and to issue on January 4, 2010 NT$20 billion of 91-day Treasury Bills with 0.182% discount rate to finance government funds. 2.The MOF commissioned the Central Bank of China to sell through public tender on January 7,2010, and to issue on January 12 NT$40 billion of the Central Government Development Bonds, with a 5-year maturity, 0.979% highest yield rate and 0.875% p.a. coupon rate. 3. The MOF abolished the ��Regulations on the Exchange of Consumption Vouchers for Boosting the Economy�� on January 7, 2010, pursuant to Tai-Tsai-Ku-Tzu No. 09803529270. 4. The MOF announced on January 12, 2010, that the total amount of public donations from July 1, to December 31, 2009 was NT$ 75,269,229. 5. In order to crackdown on manufacturers involved in the manufacture and/or sale of illegal tobacco and alcohol products, the MOF conducted the first nationwide joint seizure from February 5 to 7, 2010. 6. The MOF commissioned the Central Bank of China to sell through public tender on January 25,2010, and to issue on January 28 NT$30 billion of the Central Government Development Bonds, with a 30-year maturity, 2.294% highest yield rate and 2.250% p.a. coupon rate. 7. The MOF regulated the 2010 Project on Seizing Unlawful Tobacco and Alcohol products, and it will continuously coordinate with central law enforcement agencies and supervise local governments on seizure of unlawful tobacco and alcohol products.

2009-12

2010/1/20

December Important Measures 1. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on 11th December and to issue on 16th December NT$40 billion of the reopening Central Government Development Bonds, with a 10-year maturity, 1.460% highest yield rate and 1.375% p.a. coupon rate. 2. The MOF announced on December 9, 2009, the approved amounts of 2008 public debt burden for the governments. 3. The MOF announced on December 30, 2009 the semi-annual statement of external public debt for July to December 2009. 4. The MOF interpreted on December 3, 2009, pursuant to Tai-Tsai-Ku-Tzu No. 09803527320, Article 11(1)(3) of the Government Treasury Act regarding the revenues an institution receives and keeps on its own accord for multiple ways of tax payments. 5. The MOF announced on December 10, 2009, pursuant to Tai-Tsai-Ku-Tzu No. 09803527490 to the future abolishment of ��Regulations Governing the Issuance of Consumer Voucher for Economy Stimulus.�� 6. The MOF regulated the ��Local Government��s Selection of Public Treasury Service Banks�� on December 11, 2009, pursuant to Tai-Tsai-Ku-Tzu No. 09803527510. 7. The MOF regulated the ��Regulations for the payment of the Tax Revenue Collected by the Commissioned Bank, Agency Institute, and Tax Collections Institute of Government Treasury at Each Level�� on December 24, 2009, pursuant to Tai-Tsai-Ku-Tzu No. 09803528290. 8. The MOF regulated the ��Regulations Governing the Specific Accounts of Institutions under the Central Government�� on December 31, 2009, pursuant to Tai-Tsai-Ku-Tzu No. 09803529080. 9. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on December 7th 2009 and to issue on December 8th NT$20 billion of 182-day Treasury Bills with 0.178% discount rate to finance government funds. 10. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on December 17th 2009 and to issue on December 18th NT$30 billion of 273-day Treasury Bills with 0.247% discount rate to finance government funds. 11. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on December 24th 2009 and to issue on December 25th NT$20 billion of 91-day Treasury Bills with 0.18% discount rate to finance government funds.

2009-11

2009/12/15

November Important Measures 1.The MOF conducted a three-day nationwide joint seizure from December 7 to 9 to crackdown on manufacturers involved in the manufacture and/or sale of illegal tobacco and alcohol products so as to protect consumer health. 2.The Legislative Yuan approved the ��2009 to 2012 Central Government Special Budget for Reconstruction after Typhoon Morakot,�� promulgated by President Order Hua-Zong-Yi-Yi-Tzu No. 09800295601 on November 20th, 2009. 3.The MOF commissioned the Central Bank of China to sell through public tender on November 17 th 2009, and to issue on November 20th NT$30 billion of the reopening Central Government Development Bonds, with a 20-year maturity, 2.179% highest yield rate and 2.125% p.a. coupon rate. 4.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on November 6th 2009 and to issue on November 9th NT$25 billion of 91-day Treasury Bills with 0.18% discount rate to finance government funds. 5.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on November 20th 2009 and to issue on November 23rd NT$20 billion of 273-day Treasury Bills with 0.259% discount rate to finance government funds.

2009-10

2009/11/13

October Important Measures 1. The MOF formulated the 2009 �� Performance Evaluation Rating Form for Major Items�� to be regularly examined by the Central Government in regard to the seizure of illegal tobacco and alcohol. The objective is to encourage local governments to improve their performance in the seizure of illegal tobacco and alcohol products and to protect consumer health. 2. The MOF commissioned the Central Bank of China to sell through public tender on October 5th 2009, and to issue on October 8th NT$30 billion of the reopening strippable Central Government Development Bonds, with a 5-year maturity, 0.800% highest yield rate and 2.00% p.a. coupon rate. 3. The MOF commissioned the Central Bank of China to sell through public tender on October 16th 2009, and to issue on October 21th NT$40 billion of the Central Government Development Bonds, with a 2-year maturity, 0.349% highest yield rate and 0.250% p.a. coupon rate. 4. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on October 19th 2009 and to issue on October 20th NT$35 billion of 273-day Treasury Bills with 0.243% discount rate to finance government funds. 5. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on October 29th 2009 and to issue on October 30th NT$25 billion of 203-day Treasury Bills with 0.243% discount rate to finance government funds.

2009-9

2009/10/12

Important Measures of September 1.The MOF stipulated, pursuant to Tai-Tsai-Ku-Jong-Tzu No. 09803910430, ��the Inspection Plan on the Use and Sales of Alcohol Products�� on September 1st, 2009 whereby all local governments shall examine food service providers whose products using ��alcohol�� as an ingredient from September to October and shall persuade them to use legal alcohol and alcohol quality with a ��W�� labeling certified by the MOF so as to protect the health of consumers. 2.The MOF implemented a three-day seizure of unlawful tobacco and alcohol before the Mid-Autumn Festival (on September 28-30) to eliminate the unlawful activities and maintain the production and sales order in the tobacco and alcohol market. 3.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on Sep. 4th 2009 and to issue on Sep. 9th NT$40 billion of the Central Government Development Bonds, with a 10-year maturity, 1.494% highest yield rate and 1.375% p.a. coupon rate. 4.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on September 4th 2009 and to issue on September 7th NT$25 billion of 91-day Treasury Bills with 0.139% discount rate to finance government funds. 5.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on September 23th 2009 and to issue on September 24th NT$20 billion of 182-day Treasury Bills with 0.142% discount rate to finance government funds.

2009-8

2009/9/14

Important Measures of August 1. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on August 10th 2009 and to issue on August 13th NT$30 billion of the Central Government Developement Bonds, with a 20-year maturity, 2.200% highest yield rate and 2.125% p.a. coupon rate. 2. The MOF suspended the "Enforcement Rules of Government Treasury Act" pursuant to Tai-Tsai-Ku-Tzu No.09803519180 on August 13th, 2009. 3. The MOF, pursuant to Tai-Tsai-Ku-Tzu No.09803520150 notified that the amended draft of Articles 13, 15, and 17 of the " Regulations for Allotment of Centrally-Funded Tax Revenues" was approved by the Executive Yuan on August 26th, 2009.

2009-7

2009/8/19

Important Measures of July 1.The MOF commissioned the Central Bank to auction on July 15th and to issue on July 20th NT$ 40 billion of 5-year strippable Central Government Development Bonds, the highest accepted yield is 0.994%, and the annual coupon rate is 2%. 2.The MOF amended the ��The Guidelines of the Management of the Representatives, Managers, Directors, Supervisors of Government-Owned / Private Enterprises Appointed by the MOF�� pursuant to Tai-Tsai-Ku-Tzu No. 09803516160 on July 17th , 2009. 3.The MOF, pursuant to the ��Regulations for Management of Central Government Bond�� and ��Regulations for Management of Treasury Bills,�� inspected 13 banks undertaking the bond/treasury bill business and clearing banks during July, 2009 about their operation of dealing with the payment of principal and interest, the conversion from physical certificate to book-entry, and the management of book-entry bonds/treasury bills in 2008.

2009-6

2009/7/29

Important Measures of June 1.The MOF amended and promulgated ��Directions for Treasury Centralized Payment�� by order Tai-Tsai-Ku-Tzu No. 09800235400 on June 11, 2009. The effective day shall be prescribed as July 1st, 2009. 2.The MOF commissioned the Central Bank sell through public tender on June 15th,2009 and to issue on June 18th NT$ 40 billion of 10-year reopening Central Government Development Bonds, the yield of the lowest price is 1.630%, and the nominal coupon rate is 1.375%. 3.The MOF released the 3rd quarter of 2009 bonds and treasury bills issuance schedule on June 23rd, 2009. 4.The MOF released the examination results of the performance by local governments in the seizure of unlawful tobacco and alcohol in the year 2008 via Tai-Tsai-Ku-Chung-Tzu No. 0980390658 on June 22nd, 2009 announcing that the top 10 units will be awarded with medals and a total of NT$ 15.5 million (NT$ 3.5 million for the first prize, NT$ 3 million for the second, NT$ 0.5 million progressively less for each of the following prizes, and NT$ 0.5 million for each of the 7th to 10th prizes)�C 5.In response to the amendment of the Civil Code and its enforcement law, in the case where the expression ��adjudication of interdiction�� is amended to ��the adjudication of a ward�� and where regulations regarding ��the adjudication of under assistance�� are added, the MOF drafted the amendment of Articles 12, 19, 25, and 63 of the Tobacco and Alcohol Administration Act pursuant to Presidential Order Hua-Zong-Yi-Yi-Tzu No. 09800145171 promulgated on June 10th, 2009. To facilitate the administration of the regulations, the wording ��an interdicted person�� is amended to ��a person who is adjudicated a ward or under assistance�� in regard to those who may not engage in the manufacture, importation, or sale of tobacco and alcohol. In addition, Article 63 of the same Act was also amended as follows, ��the provisions of the revision of this Act shall come into effect as from November 23rd, 2009�� in response to the amendment of the Civil Code. 6.In order to strengthen the transparency of government debt, the Ministry of Finance compiled the public debt tables for fiscal year 2008 of general government and posted the preliminary accounts of these tables on the website of the National Treasury Agency in June10th, 2009.

2009-5

2009/6/24

Important Measures of May 1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to auction on April 30th 2009 and issue on May 4th NT$20 billion of 182-day Treasury Bills with 0.12% discount rate to finance government funds. 2.To promote the Project on Seizing Unlawful Tobacco and Alcohol, the MOF executed the first National Assignment on Seizing Unlawful Tobacco and Alcohol from May 5th to May 7th, 2009 before the Dragon Boat Festival for 3 days. During the period, the central and local governments examined 480 enterprises, in which 87 violated the control of tobacco and alcohol (there are 71 production or sales of unlawful tobacco and alcohol, and 16 violations to the labeling regulation). A total of 82,920 packs of unlawful cigarettes (market value: NT$ 3,074,725) and 137,353.27 liters of unlawful alcohol (market value: NT$ 12,039,722) were seized; the total market value seized is NT$ 15,114,447. 3.For a sound public treasury system in all levels of government and to improve the management of revenue and expenditure, the MOF drafted the amendment of ��Government Treasury Act��. The amendment was approved by the Legislative Yuan on April 14th, 2009 and promulgated by the President on May 6th, 2009. The MOF notified central and local government agencies regarding the promulgation pursuant to Tai-Tsai-Ku-Tzu No. 09800235420 on May 14th, 2009 to introduce the amended ��Government Treasury Act��. 4.The MOF commissioned the Central Bank of the Republic of China�]Taiwan�^ to auction on May 12th 2009 and issue on May 15th NT$30 billion of 20-year reopening Central Government Bonds with 2.125�H p.a. coupon rate to finance the debt service fund. 5.Pursuant to the 2009 Project on Seizing Unlawful Tobacco and Alcohol, the MOF executed the second National Assignment on Seizing Unlawful Tobacco and Alcohol from May 25th to May 27th, 2009 before the Dragon Boat Festival for 3 days. 6.In compliance with the amended ��Hygiene Standards for Alcohol Products�� regarding the residue of benzoic acid and sorbic acid, the MOF and the DOH of Executive Yuan stipulated the ��Examination Method of Benzoic Acid and Sorbic Acid in Alcohol Products�� on May 27 pursuant to Tai-Tsai-Ku-Tzu No. 09803510360 and Shu-Shou-Shi-Tzu No. 0981800160, to strengthen the hygiene examination system and meet the needs of administration on alcohol products. With this method, the authorities can examine the hygiene of alcohol products with accuracy and effectiveness to protect the consumers�� rights and health.

2009-4

2009/6/15

1. To comply with market interest rate mechanism and reasonably reflect operating costs for the National Treasury, the MOF adjusted the base stock of national treasury deposit for fiscal year 2009 to NT$ 50 billion which will have a retroactive effect since February 1 2009, pursuant to Tai-Tsai-Ku-Tzu No.09800131000 on April 3. 2. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on April 6th and to issue on April 7th NT$20billion of 91-day Treasury Bills with 0.086% discount rate to finance government funds. 3. On April, the MOF and the Department of Health issued the amended Article 2-1 and 17-1 of the "The Sanitation Standards for Alcohol Manufacturers," pursuant to Tai-Tsai-Ku-Tzu No.09803506600 and Wei-Shu-Shih No. 0980400465, in order to stop unlawful business from disguising the unlawful activities by rectifying denatured alcohol or manufacturing other health-damaging alcohol in lawful factories, and to ensure the safety of consumption and restore the market order. 4. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on April 10th and to issue on April 13th NT$20billion of 364-day Treasury Bills with 0.195% discount rate to finance government funds. 5. The MOF commissioned the Central Bank of the Republic of China�]Taiwan�^ to sell through public tender on April 21st and to issue on April 24th NT$40 billion of the reopening Central Government Construction Bonds, with a 5-year maturity, 1.091�H highest yield rate and 0.875�H p.a. coupon rate to finance government funds. 6. The MOF held the 2009 meeting on local government finance, hosted by the Minister on April 23 and 24, to promote relevant policies and build consensus for solutions to local fiscal issues aimed at raising the overall local financial efficiency.

2009-3

2009/4/23

Important Measures of March 1. The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on March 2th 2009 and to issue on March 5th NT$40 billion of the Central Government Construction Bonds, with a 10-year maturity, 1.450�H highest yield rate and 1.375�H p.a. coupon rate. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on March 3rd 2009 and to issue on March 4th NT$20billion of 273-day Treasury Bills with 0.2% discount rate.

2009-2

2009/4/23

Important Measures of February 1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on February 11th 2009 and to issue on February 16th NT$30 billion of the Central Government Construction Bonds, with a 20-year maturity, 2.210�H highest yield rate and 2.125�H p.a. coupon rate. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on February 12th 2009 and to issue on February 13th NT$25billion of 168-day Treasury Bills with 0.22% discount rate. 3.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on February 19th 2009 and to issue on February 20th NT$20billion of 182-day Treasury Bills with 0.15% discount rate.

2009-1

2009/4/2

Important Measures in January, 2009 1.The MOF requested, pursuant to Tai-Tsai-Ku-Jhong-Tzu No.9703914250 on January 5th, the county and city governments to implement the national plan for seizing unlawful alcohol and cigarettes on January 14th, 15th, and 16th. 2.The MOF stipulated and announced pursuant to Tai-Tsai-Ku-Tzu No. 0980350021 on January 8th the ��Regulations Governing the Issuance of Consumer Voucher for Economy Stimulation.��

2008-12

2009/4/2

Important Measures for December 1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on December 16th 2008 and to issue on December 17th NT$35billion of 182-day Treasury Bills with 0.8% discount rate. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on DEC. 23rd 2008 and to issue on DEC. 26th NT$40 billion of the reopening Central Government Construction Bonds, with a 10-year maturity, 1.404�H highest yield rate and 2.125�H p.a. coupon rate. 3.The MOF announced ��Table of the 2007 General Government Debt�� based on Audit Report on DEC. 12th. 4.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on December 24th 2008 and to issue on December 25th NT$20billion of 273-day Treasury Bills with 0.7% discount rate.

2008-11

2009/4/2

Important Measures for November 1.According to conclusions made in the social security enhancement bulletin of the Executive Yuan, the MOF invited local governments pursuant to Tai-Tsai-Ku-Jhong- Tzu No. 09703912250 on November 17th, 2008, to implement the Fifth Enforcement Plan for Seizing Unlawful Alcohol and Cigarettes from November 25th to 27th, 2008. The focus of the plan is to inspect whether liquor manufactures store ��denatured ethyl alcohol�� in the breweries and whether tobacco manufactures hoard cigarettes and tobaccos. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on Nov. 25th 2008 and to issue on Nov. 28th NT$30 billion of the reopening Central Government Construction Bonds, with a 20-year maturity, 2.150�H highest yield rate and 2.625�H p.a. coupon rate.

2008-10

2008/11/28

Important Measures of October 1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on Oct. 24th 2008 and to issue on Oct. 29th NT$30 billion of the reopening Central Government Construction Bonds, with a 5-year maturity, 1.950�H highest yield rate and 2.000�H p.a. coupon rate. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on October 31th 2008 and to issue on November 3th NT$30 billion of 273-day Treasury Bills with 1.888% discount rate. 3.The MOF released pursuant to Tai-Tsai-Ku-Tzu No. 09700485570 on October 27th, 2008 that the ��MOF��s Outlines on Establishing the Management Committee for the Government-owned Shares�� will be suspended from October 8th, 2008. 4.The MOF forwarded the opinions from the Sports Affairs Council of the Executive Yuan pursuant to Tai-Tsai-Ku-Tzu No. 09700427390 for the approval of Taipei Fubon Bank��s Account-betting business on the Sports Lottery on October 31st, 2008.

2008-9

2008/11/28

Important Measures for September 1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on Sep. 19th 2008 and to issue on Sep. 24th NT$40 billion of the Central Government Construction Bonds, with a 10-year maturity, 2.243�H highest yield rate and 2.125�H p.a. coupon rate. 2.The MOF amended ��The Operational Timetable for Examining people��s Application by the Department of National Treasury of the Ministry of Finance�� and ��The Operational Rules for Petition Cases by the Department of National Treasury of the Ministry of Finance�� on September 19th, 2008, by Tai-Ku-Mi-Tzu No. 09703515300. 3.The MOF promulgated the notice Tai-Tsai-Ku-Tzu No. 09703515750 on September 23rd, 2008 to suspense the inspecting applications for alcohol products made from milk-related material from China. 4.The MOF promulgated the notice Tai-Tsai-Ku-Tzu No. 09703515740 on September 23rd, 2008 to request the importers who import Japanese Shouchu and Sake produced by manufacturers using polluted Japanese rice, shall provide the test reports of containing no Aflatoxin, Methamidophos, or Acetamiprid.

2008-8

2008/9/30

Important Measures of August 1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on Auguest 11th 2008 and to issue on Auguest 14th NT$30 billion of the Central Government Construction Bonds, with a 20-year maturity, 2.66�H highest yield rate and 2.625�H p.a. coupon rate. 2.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to buyback F97-5 and F97-7 Treasury Bills through public tender on August 21st 2008 and to redeem on August 22nd NT$8.05 billion of F97-5 with 1.95% discount rate and NT$3.8 billion of F97-7 with 1.915% discount rate. 3.The amendment to Article 17 of the ��Regulations for Allotment of Centrally-Funded Tax Revenues�� was approved by the Executive Yuan on August 28th, 2008 and promulgated by the Ministry of Finance, with Order Ref. Tai-Tsai-Ku-Tsu-No. 09703514620, on the same day.

2008-7

2008/9/9

Important Measures of July 1.Tai-Tsai-Ku-Tzu No. 09703510890 was promulgated on June 25th, 2008 by the Ministry of Finance. Starting from July 1st, 2008, all forms of treasury revenues and expenditures applications will be bar coded, thus the hand writing format will be abolished. 2.The MOF commissioned the Central Bank of the Republic of China to buyback F97-6 364-day Treasury Bills through public tender on June 30th 2008 and to redeem on July 1th NT$3.184 billions with 2.065% discount rate. 3.The MOF commissioned the Central Bank of the Republic of China to sell through public tender on July 16th 2008, and to issue on July 20th NT$30 billions of the strippable Central Government Construction Bonds, with a 5-year maturity, 2.52�H highest yield rate and 2.00�H p.a. coupon rate. 4.The ��Draft Directions Governing Assistance in Debts Management and Finance Improving for Counties and Cities�� were approved by the Executive Yuan on July 14, 2008. According to the directions, the Ministry of Finance has requested counties and cities by mail, pursuant to Tai-Tsai-Ku-Tzu No.09703512430, on July 24, 2008 to apply for subsidies with related documents.

2008-6

2008/7/16

1.The MOF announced under letter Ref. Tai-tsai-ku-tze No. 09703509220 of the approved transfer of the summary explanation on the amended draft and provision comparison chart of the ��Government Treasury Act�� from the Executive Yuan to the Legislative Yuan for review, on June 12, 2008. 2.The MOF amended the title and provisions 1 and 2 of ��Handling Guidelines on the Disbursement Day of Central Government Agencies And Schools�� Salary and Bonus�� with letter Ref. Tai-tsai-ku-tze No. 09703509760, on June 12, 2008. 3.The MOF announced on 16th June 2008 under letter Ref. Tai-tsai-ku-tze No. 09703510111 the approved transfer of the drafted summary explanation and provision comparison chart for ��Taiwan Financial Holdings Co., Ltd. Provisions�� from the Executive Yuan to the Legislative Yuan for review. 4.Article 14 of the ��Regulations for Management of Sport Special Public Welfare Lottery�� was amended by the MOF under the Order Ref. Tai-tsai-ku-tze No. 09703509500 on June 20, 2008.

2008-5

2010/7/16

Important Measures of May 1.The MOF and The DOH promulgated the amendment of Article 2 of ��The Hygiene Standards for Alcohol Products�� pursuant to Tai-Tsai-Ku-Tzu No. 09703503730 and Wei-Shu-Shih-Tzu No. 0970400560 on May 8, 2008. 2.The MOF promulgated the amendment of Article 5, 15 of ��The Regulations Governing the Labeling of the Alcohol Products�� and Article 3, 19 of ��Regulations Governing Undenatured Ethy Alcohol�� pursuant to Tai-Tsai-Ku-Tzu No. 09703507780 on May 16, 2008. 3.The MOF promulgated the amendment of Article 3, 31 of ��Enforcement Rules of the Tobacco and Alcohol Administration�� pursuant to Tai-Tsai-Ku-Tzu No.09703507770 on May 16, 2008. 4.The MOF and The DOH promulgated the amendment of Article 3, 19 of ��The Sanitation Standards for Alcohol Manufacturers�� pursuant to Tai-Tsai-Ku-Tzu No. 09703507760 and Wei-Shu-Shih-Tzu No. 0970402641 on May 27, 2008 5.The amendment of partial article of ��The Public Welfare Lottery Issue Act�� was promulgated on May 28, 2008 by Order Hua-tzong-Yi-Yi-Tsu No. 09700061921 of the President.

2008-4

2008/4/1

1. Establish the methods for the test of alcohol containers including those made from glass, porcelain and enamel, totaling 14 chapters, and put it into effect simultaneously on March 7th, by Order Ref. Tai-Tsai-Ku-Tsu-No. 09703503000 and Wei-Shu-Shr-Tsu-No.0971800066. 2. Put preliminary notice of amendment on Article 2 of ��The Hygiene Standards for Alcohol Products�� on March 17th, by Order Ref. Tai-Tsai-Ku-Tsu-No. 09703503700. 3. To implement the ��Administrative Plan of Payment Mechanism to the commissioned financial institutions collecting National Taxes�� on April 1st, 2008, by Order Ref. Tai-Tsai-Ku-Tsu-No. 09703505091 on March 19th. 4. To amend Articles 4 and 7 of the ��Guidelines for National Tax Remittance by National Tax Administration Offices, Ministry of Finance in the Republic of China��, and Articles 10 of the ��Guidelines for Tax Remittance by Public Treasuries and Tax Administration Offices in the Republic of China�� , by Order Ref. Tai-Tsai-Ku-Tsu-No. 09703505092 on March 19th, which came into effect on April 1st, 2008. 5. The ��Principles for distributing Public Welfare Lottery Feedback of the National Treasury Agency, MOF as Subsidies (donation)�� was drafted and become effective from March 20, 2008, by Order Ref. Tai-Tsai-Ku-Tsu-No. 09703501060.

2008-3

2008/3/3

2008-2

2008/2/1

1. On 1st February, the MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on February 14th 2008 and to issue on February 15th NT$25 billion of 273-day Treasury Bills with 2.16% discount rate. 2. On 19th February, the MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on February 25th 2008 and to issue on February 26th NT$15 billion of 182-day Treasury Bills with 2.10% discount rate. 3. On February 27th, the MOF commissioned the Central Bank of the Republic of China�]Taiwan�^ to auction on March 11th 2008 and issue on March 14th NT$40 billion of 10-year Central Government Construction Bonds with 2.375�H p.a. coupon rate. 4. On February 29th, the MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on March 6th 2008 and to issue on March 7th NT$20billion of 273-day Treasury Bills with 2.10% discount rate.

2008-1

2008/1/1

1. On 2nd January, the MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on January 8th 2008 and to issue on January 9th NT$25 billion of 273-day Treasury Bills with 2.243% discount rate. 2. On 22nd January, the MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on January 25th 2008 and to issue on January 28th NT$30 billion of 182-day Treasury Bills with 2.155% discount rate. 3. On 30th January, the MOF commissioned the Central Bank of the Republic of China�]Taiwan�^ to auction on February 12th 2008 and issue on February 14th NT$30 billion of 20-year Central Government Construction Bond with 2.5�H p.a. coupon rate. 4. The Ministry of Finance announce the ��Regulations for Publishing Data on Utilization of Surpluses from the Public Welfare Lottery ��, by Order Ref. Tai-Tsai-Ku-Tsu-No. 09700036650. 5. The MOF transfer to each business head Agency about the amendments to Article 6 of the Regulations Governing Appropriation and Use of the Fund for Privatization of Government-owned Enterprises under the Executive Yuan, by Letter Ref. Tai-Tsai-Ku-Tsu-No. 09700000040. 6. On January 4th, the Ministry of Finance and Ministry of the Interior jointly announce ��Regulations for Examining Utilization of Public Welfare Lottery Surpluses, Managing and Utilizing of Recovered Public Welfare Lottery Surpluses ��, by Ministry of Finance R.O.C. Order Ref. Tai-Tsai-Ku-Tsu-No. 09603520800 and Ministry of the Interior Order Ref. Tai-Nei-She-Zih No. 0960202951. 7. Parking spaces for officers in government agencies (school) building, apart from the rents received, parking fees shall be charged in accordance with Article 10 of the Charges and Fees Act, in order Tai-Tsai-Ku-Tsu-No. 09603518320 on January 2nd, 2008 . 8. Taiwan Financial Holdings is formally established on January 1st. 9. The State-run Business of this Ministry will formally implement the Employee��s 13% Preferential Treatment Deposits Improvement Proposal from January 1st.

2008-1

2008/6/25

1.Article 2 of the ��The Hygiene Standards for Alcohol Products�� was amended and promulgated on May 8, 2008, under Order Ref. Tai-Tsai-Ku-Tsu-No. 09703503730 and Department of Health, Executive Yuan Order She Tsu No. 0970400560 by the Ministry of Finance and Department of Health. 2.On May 16, 2008, the Ministry of Finance promulgated amendment to Article 5 and 15 of the ��Regulations Governing the Labeling of Alcohol Products�� and Article 3 and 19 of ��Regulations Governing Undenatured Ethyl Alcohol�� through Order Ref. Tai-Tsai-Ku-Tsu-No. 09703507780. 3.The Ministry of Finance promulgated amendment to Article 3 and 31 of the ��Enforcement Rules of the Tobacco and Alcohol Administration Act�� on May 16, 2008 through Order Ref. Tai-Tsai-Ku-Tsu-No. 09703507770. 4.Article 3 and 19 of the ��The Sanitation Standards for Alcohol Manufacturers�� was amended and promulgated on May 27, 2008, under Order Ref. Tai-Tsai-Ku-Tsu-No. 09703507760 and Department of Health, Executive Yuan Order She Tsu No. 0970402641 by the Ministry of Finance and Department of Health. 5.The amendment to ��Public Welfare Lottery Act�� was promulgated by President under Order Ref. Hua-general 09700061921 on May 28, 2008.

2007-12

2007/12/1

1. To amend the ��Hygiene Standards for Alcohol Products��. 2. The MOF commissioned the Central Bank of China, via public tender on November 13th 2007 with 3.003�H highest yield rate and 3.00�H p.a. coupon rate, to issue on November 16th NT$30 billion of 20-year Central Government Construction Bond.

2007-11

2007/11/1

1. The Ministry of Finance and the Department of Health, Executive Yuan promulgated jointly �uRegulation of the Tobacco Health and Welfare Surcharge Distribution and Utilization�v 2. The Ministry of Finance had promulgated and specified Taipei Fubon Commercial Bank as the institution to be in charge of issuing Sports Special Public Welfare Lottery. 3. To cope with the fund-operating of the Science Park Administration Bureaus �]subordinated to the National Science Council�^, the MOF commissioned the Central Bank of China to sell through public tender on October 16th 2007, and to issue on October 19th NT$30 billion, NT$28.2507 billion de facto, of the Central Government Construction Bond with a 5-year maturity, 2.74�H highest yield rate and 2.625�H p.a. coupon rate. 4. In order to carry out the decision and the instructions of the Premier as advised during the 3054th scheduled meeting, the Ministry of Finance amended ��The Merger and Share Release Guidelines for Government-owned Finance Institutions�� and provided the aforesaid guidelines to the government-appointed representatives and supervisors on the boards of various financial institutions.

2007-10

2007/10/1

The MOF commissioned the Central Bank of China to sell through public tender on September 18th 2007, and to issue on September 21th NT$40 billion of the Central Government Construction Bonds with a 10-year maturity, 2.42�H highest yield rate and 2.375�H p.a. coupon rate.

2007-9

2007/9/1

1. ��Examination Standards for Certification Marks of Alcohol Products, Ministry of Finance �V Fruit Wines�� shall be formulated. 2. The MOF promulgated an amendment to ��The Distribution Regulations for the Centrally-Allotted Tax Revenues �� 3. The MOF commissioned the Central Bank of China to sell through public tender on August 27th 2007, and to issue on August 30th NT$20 billion, NT$9.9003 billion de facto, of the Central Government Construction Bonds with a 20-year maturity, 2.647�H highest yield rate and 2.00�H p.a. coupon rate.

2007-8

2010/7/16

Important Measures of August 1.The MOF commissioned the Central Bank of the Republic of China (Taiwan) to sell through public tender on August 27th 2007 and to issue on August 30th NT$20 billion of the Central Government Developement Bonds, with a 20-year maturity, 2.647% highest yield rate and 2.00% p.a. coupon rate. 2.An Amendment to the ��Regulations for Allotment of Centrally-Funded Tax Revenues�� was promulgated by the Ministry of Finance on August 31th 2007. 3."The Standard for Certifying the Logo of Quality Alcohol for Fruit Wines of the Ministry of Finance" was promulgated by the Ministry of Finance.

2007-7

2008/7/1

1. The Bank of Taiwan and Central Trust of China completed its merge smoothly on July 1st, 2007. As a result, it has become the largest commercial bank in the country with a capital of NT$53 billion and total assets over NT$2.93 trillion (10.86% of the market share). 2. The MOF commissioned the Central Bank of China to sell through public tender on July 17th, 2007, and to issue on July 20th NT$20 billions of the strippable Central Government Construction Bonds, with a 5-year maturity, 2.53�H highest yield rate and 2.00�H p.a. coupon rate. 3. The Rules Governing Composition of the Public Welfare Lottery Supervisory Committee under the Ministry of Finance was amended and promulgated on July 20th, 2007.

2007-6

2008/4/14

1. The amendments of Article 4, Article 8 and Article 9 of ��The Regulations Governing the Inspection of Imported Alcohol�� were promulgated jointly on June 4th, 2007 by the Ministry of Finance, Decree No. 09603703800 and the Department of Health, the Executive Yuan, Decree No. 0960403073. 2. The amendments draft on Article 4 and Article 5 of ��The Hygiene Standards for Alcohol Products�� was preliminary announced in the Announcement Tai-Tsai-Ku-Tzu 09600232590 on June 11th, 2007. 3. The MOF commissioned Central Bank of the Republic of China ( Taiwan ) to sell through public tender on June 11th 2007, and to issue on June 14th 2007, a total worth of NT$40 billion reopen-bonds, with a 10-year maturity and 1.875�H p.a. coupon rate. 4. In accordance with the amendment to ��The Public Welfare Lotteries Issue Act��, the Ministry of Finance held a meeting with relevant departments of central government and local governments to discuss a draft to amend ��Regulations Governing the Composition of the Public Welfare Lottery Supervisory Committee, Ministry of Finance�� and submitted the draft to the Executive Yuan for approval on June 15th, 2007. 5. Ministry of Finance and Department of Health, Executive Yuan jointly announced ��Hygiene Standards for the Alcohol Products Containers�� on June 22nd, 2007. 6. The MOF released the third quarter (July to September) bond issuance plan of 2007.

2007-5

2008/4/14

1 .The MOF commissioned Central Bank of the Republic of China( Taiwan ) to sell through public tender on May 15th 2007, and to issue on May 18th NT$30 billion Central Government Development Bonds, with a 2-year maturity and 1.875�H p.a. coupon rate.

2007-4

2008/4/14

1 .The Ministry of Finance with Order Tai-Tsai-Ku-Tsu-No.09600166000 promulgated an amendment to the partial of "Regulations Governing Rewards for Informing or Discovering Offences of Illegal Tobacco or Alcohol" on April 23rd 2007. 2 .On April 25th 2007, the Ministry of Finance announced the debt service of Central Government Development Bonds with maturity in the coming May and June.

2007-3

2008/4/14

1 .The MOF promulgated a bylaw for the applying of a mechanism of emergency measures for the management of significant cases in relation to government stockholdings. The purpose of the mechanism is to strengthen ability in the reporting of and dealing with the management of such matters in due time, to facilitate the integration of various resources immediately, and to coordinate effective measures in order to avoid subsequent unfavorable effective measures in order to avoid subsequent unfavorable effects that might be derived from such occurrences. 2 .The MOF commissioned Central Bank of the Republic of China( Taiwan ) to sell through public tender on March 13th 2007, and to issue on March 16th 2007, a total worth of NT$40 billion of the Central Government Development Bonds, with a 10-year maturity and 1.875�H p.a. coupon rate. 3 .The President promulgated a partial articles amendment to �� the Public Welfare Lottery Issue Act�� on March 21st 2007. 4 .��The standard for the certification of the "Fancy Liquor" logo of Ministry of Finance�Xfor rice spirits��B�� The standard for the certification of the "Fancy Liquor" logo of Ministry of Finance�Xfor sorghum spirits�� and ��The standard for the certification of the "Fancy Liquor" logo of Ministry of Finance�Xfor grape wine�� that were amended and promulgated by the MOF. on March 29th 2007 and became effective on March 29th 2007(Tai-Tsai-Ku-Zi-No 09603505670). 5 .The MOF commissioned Central Bank of the Republic of China( Taiwan ) to sell through public tender on March 30th 2007, and to issue on April 4th 2007, a total worth of NT$30 billion reopen-bonds, with a 5-year maturity and 1.875�H p.a. coupon rate.

2007-2

2008/4/14

1.In order to meet funding needs of the National Treasury, the MOF commissioned Central Bank of the Republic of China Taiwan to sell through public tender on February 2nd, 2007 and to issue on February 5th, 2007 a total worth of NT$30 billion of the Treasury Bills, with a 210-day repayment limit and 1.77% discount rate. 2 .Announce ��Table of the 2006 Central Government Debt�� on February 7th, 2007. 3 .The MOF commissioned Central Bank of the Republic of China( Taiwan ) to sell through public tender on February 9th 2007, and to issue on February 14th 2007, a total worth of NT$30 billion of the Central Government Development Bonds, with a 20-year maturity and 2�H p.a. coupon rate. 4 .In order to meet funding needs of the National Treasury, the MOF commissioned Central Bank of the Republic of China Taiwan to sell through public tender on February 12th, 2007 and to issue on February 13th, 2007 a total worth of NT$30 billion of the Treasury Bills, with a 273-day repayment limit and 1.76% discount rate.

2007-1

2008/4/14

1.The Ministry of Finance revised Article 1 of ��The Disbursement Day of Central Government Agencies And Schools�� Salary (Including Bonus) and Handling Guidelines When The Disbursement Day Coincides with Holiday�� in Letter Tai-Tsai-Ku-Tzu-09500615280 on January 9, 2007, with the revision becomes effective on February 1st, 2007. 2 .The Ministry of Finance revised ��The Guidelines of Handling Salary Remittance for Central Government Agencies and Schools�� Employees�� in Letter Tai-Tsai-Ku-Tzu-09500617760 on January 15th, 2007, with the revision becomes effective on February 1st, 2007. 3 .The Ministry of Finance revised ��Directions for Treasury Centralized Payment�� in Letter Tai-Tsai-Ku-Tzu-09500627030 on January 19, 2007, with the revision becomes effective on February 1st, 2007. 4 .The Ministry of Finance with Order Tai-Tsai-Ku-Tsu-No.09603502020 promulgated an amendment to ��The Directions for the Inspection of Imported Alcohol�� on January 19th, 2007. 5 .The MOF commissioned the Central Bank of China to sell through public tender on January 23rd , 2007, and to issue on January 26th , 2007, a total worth of NT$40 billion of the Central Government Development Bonds, with a 5-year maturity and 1.875�H p.a. coupon rate.

2006-12

2008/4/14

1.The 2004 and 2005 ��Table of General Government Debt��, was revised and updated on December 13th, 2006. 2 .The upper limit of each petty cash disbursement from national defense is adjusted to $30,000 beginning from January 1st, 2007 in Letter Tai-Tsai-Ku-Tzu-09500580430 on December 13th, 2006 3 .The MOF commissioned the Central Bank of China to sell through public tender on December 14th, , 2006, and to issue on December 19th , 2006, a total worth of NT$40 billion, reopening of bonds, with a 10-year maturity and 1.875�H p.a. coupon rate. 4 .The MOF released its yearly government bond issuance schedule of Y2007, the auction date and issue amount for Q1 as follows�G

Issuance schedule of Government Bonds for 2006
Issue Month	January	February	March	April	May	June
��Ŧ~��	5-Year	20-Year	10-Year	5-Year (reopen)	2-Year	10-Year (reopen)
��	July	August	September	October	November	December
��Ŧ~��	5-Year	10-Year (reopen)	10-Year	5-Year (reopen)	20-Year	10-Year (reopen)

Note: (1). The five-year strippable bonds will be first issued in July and reopened in October, 2007 respectively. (2). The quarterly announcement dates for government bonds �G December 22nd, 2006, March 23rd, 2007, June 23rd 2007 and September 21st, 2007. (3). In order to meet funding needs of the National Treasury, as the quarterly announcement can��t provide the confirmed amount of bond issuance for each period, the respective actual amount of issuance shall be announced three business days prior to the when-issued trading for government bonds.

Issuance Plan of Central Govemment Bonds for 1st Q/2006
Issue Month	Item	Issue Amount (NT$100million)	Security Term	Tender Date(M/D/Y)	Issue Date(M/D/Y)
January	2006A1	400	5-Year	01-03-2006	01-06-2006
February	2006A2	300	20-Year	02-21-2006	02-24-2006
March	2006A3	400	10-Year	03-28-2006	03-31-2006

5 .The draft of ��Hygiene Standards for Alcohol Products Containers�� is preliminary announced in the Announcement Tai-Tsai-Ku-Tzu 09500577060 on December 22nd, 2006.

2006-11

2008/4/14

1.The MOF commissioned the Central Bank of China to sell through public tender on November 7th, , 2006, and to issue on November 10th , 2006, a total worth of NT$35 billion of the Central Government Development Bonds, with a 20-year maturity and 2.125�H p.a. coupon rate 2.Article 7 and Article 10 of the ��Regulations Governing Undenatured Ethyl Alcohol�� were amended and promulgated by the Ministry of Finance with Order Tai-Tsai-Ku-Zi-No.09503515970 on November 8th, 2006. 3.The MOF announced, ��In case the residue of sulfur dioxide in the liquor is higher than 0.25 grams but less than 0.4 grams per liter, it must be labeled �� The sulfur dioxide content of this product is below 400ppm. (no labeling is required if in the residue of sulfur dioxide in the liquor is below 0.25 grams)�� in Order Tai-Tsai-Ku-Tzu-09503516340 on November 16th, 2006.

2006-10

2008/4/14

1.The 2006 ��Assessment on the County and City Governments�� Achievements in Broadening Sources of Revenues by the Central Government�� was completed on October 11th, 2006. All counties and cities will be called together for a scheduled meeting prior to submission of the assessment result to the Directorate-General of Budget, Accounting and Statistics, Executive Yuan for compilation, which then presented to the Executive Yuan. 2.For the sake of the implementation of ��Financial Market Package�� program included in the first phase of three-year consolidated project of the 2015 economic development vision, the Ministry has established ��The Merger and Share Release Guidelines for Government-Owned Financial Institutions��. The said Guidelines were mailed to the chairman of the board of directors of government-owned financial institutions in Letter Tai-Tsai-Ku-Tzu-09503508930 on October 14th, 2006. 3.The MOF commissioned the Central Bank of China to sell through public tender on October 17th 2006, and to issue on October 20th 2006, a total worth of NT$30 billion reopening of bonds, with a 5-year maturity, strippable choice, and 2�H p.a. coupon rate. 4.The MOF announce ��Regulations for Management of Sports Special Public Welfare Lottery�� in Order Tai-Tsai-Ku-Tzu-09503519220 on October 25th, 2006. 5. The MOF announced ��Notable and unnotable matters for standard contract of tobacco and alcohol products gift checks�� in Order Tai-Tsai-Ku-Tzu-09503518160 on October 30th, 2006.

2006-9

2008/4/14

1.The MOF commissioned the Central Bank of China to sell through public tender on September 5th 2006, and to issue on September 8th 2006, a total worth of NT$45 billion of the Central Government Development Bonds, with a 10-year maturity and 1.875�H p.a. coupon rate. 2.��The Meeting of Inferior Tobacco and Alcohol Products�� Investigation and Seizure for 2006�� was held on September 12th, 2006. Eighty-nine proposals were being discussed and passed unanimously in the meeting. In addition, thirteen measures were adopted in the future investigation and seizure, which serve as guidelines for all-level tobacco and alcohol products�� investigation and seizure agencies in their operations of carrying out investigation and seizure. 3.Announce preliminarily the draft of ��Notable and unnotable matters for standard contract of tobacco and alcohol products (services) gift checks�� in Public Notice Tai-Tsai-Ku-Tzu-09503516840 on September 13th, 2006. 4.The meeting of Local Governments�� Finance was held on September 21st, 2006. The counties and cities which had taken measures to achieve excellent accomplishments in revenue-creating and expenditure-reducing made presentations to share their experience of success. In addition, the amendment of ��the implementation of measures on revenue-creating and expenditure-reducing�� was passed in the meeting and will serve as a reference for the Ministry of Finance and the Directorate-General of Budget, Accounting and Statistics, Executive Yuan to evaluate the financial performance of local governments. 5. The MOF announced the fourth quarter (October-December) bond issuance plans of 2006. The terms and conditions set forth for each bond issuance are as follows: Issuance Plan of Central Government Bonds for 4thQ/2006


Issue MOnth	Item	Issue Amount(NT$100million)	Security Term	Tender Date (M/D/Y)	Issue Date(M/D/Y)
October	Re2006A5	300	5-YEAR	10/17/2006	10/20/2006
November	2006A7	350	20-YEAR	11/07/2006	11/10/2006
December	Re2006A6	400	10-YEAR	12/14/2006	12/19/2006

6.The demand for tobacco and alcohol products will increase greatly because the Mid-Autumn Festival is around the corner. In order to prevent the illegal traders from taking this advantage to make profit and thus jeopardize the health of consumers, the special investigation and seizure, primarily on the manufacturing, sales and smuggling of illegal and inferior alcohol products shall be carried out from September 26th, 2006 to September 28th, 2006. Furthermore, the investigation, in order to expand the effectiveness against such alcohol products, shall trace its sources of supply. 7.In accordance with the directive of the Executive Yuan, the Ministry of Finance handled the 2006 concurrent offering of Chunghwa Telecom��s shares owned by government at domestic and overseas with different prices. Amongst was 120,000,000 shares being sold in domestic after-hour auction at the price of NT$ 51 per share. Additionally, another 505,000,000 shares were released in the form of American Depository Receipts (ADR��s) at the price of NT$ 56.05 per share. A total of NT$ 34.4 billion was raised from this phase of government-owned shares release. 8.In coordination with the ��Smart Spending, Happy Festival�� activity hold by the Consumer Protection Commission, Executive Yuan in the 2006 New Series of Living for Consumers, the Ministry organized ��Tobacco and Alcohol Products Administration �V Publicity of Consumers Protection�� at Fisherman��s Wharf, Taipei County on September 30th, 2006.

2006-8

2008/4/14

1.The MOF commissioned the Central Bank of China to sell through public tender on August 14th 2006, and to issue on August 17th 2006, a total worth of NT$30 billion Reopening of Bonds, with a 20-year maturity and 1.875% p.a. coupon rate. 2.The MOF amended ��Distribution Regulations for the Centrally- Allotted Tax Revenues�� on August 14th 2006.

2006-7

2008/4/14

1.The Regulations Governing the Inspection of Imported Alcohol shall be enforced in their entirety as of July 1st, 2006. 2.��Guidelines on Reducing/Suspending Subsidies for Municipality /County / City Governments Failing to Make Correction/Repayment in Accordance with Article 8 of the Public Debt Act�� was amended and promulgated on July 12th, 2006. 3.The MOF commissioned the Central Bank of China to sell through public tender on July 17th, 2006, and to issue on July 20th, 2006, a total worth of NT$35 billion of the Central Government Development Bonds, with a 5-year maturity ,strippable choice and 2�H p.a. coupon rate.

2006-6

2008/4/14

1.The MOF commissioned the Central Bank of China to sell through public tender on June 6th 2006, and to issue on June 9th 2006, a total worth of NT$40 billion reopening of bonds, with a 10-year maturity and 1.750�H p.a. coupon rate. 2.��Directions for the Enforcement of labeling Lot Numbers on Alcohol product�� was announced by the Ministry of Finance, Decree No. 09503510310 on June 21st, 2006. 3.The MOF released the third quarter (July - September) bond issuance plan of 2006. The terms and conditions set forth for each bond issuance are as follows:


Issue MOnth	Item	Issue Amount(NT$100million)	Security Term	Tender Date (M/D/Y)	Issue Date(M/D/Y)
July	2006A5	350	5-YEAR	07-17-2006	07-20-2006
August	Re2006A2	300	20-YEAR	08-14-2006	08-17-2006
September	2006A6	450	10-YEAR	09-05-2006	09-08-2006

4.The amendment of ��The Regulations Governing the Inspection of Imported Alcohol�� was promulgated on June 23rd, 2006 jointly by the Ministry of Finance, Decree No.09503511330 and the Department of Health, Executive Yuan, Decree No.0950404594.

2006-5

2008/4/14

1.The MOF commissioned the Central Bank of China to sell through public tender on May 9th 2006, and to issue on May 12th, a total worth of NT$35 billion of the Central Government Development bonds, with a 2-year maturity and 1.875�H p.a. coupon rate. 2.A list of the items required to be inspected for imported alcohol products was announced in Order Tai-Tsai-Ku-Tzu-09503508530 on May 12th, 2006. 3.An amendment to ��The Hygiene Standards for Alcohol Products�� was promulgated jointly by Ministry of Finance in accordance with an order Tai-Tsai-Ku-Tsu No09503507341 and by the Department of Health, the Executive Yuan in accordance with an order Wei-Shu-Shin-Tsu No.0950403402 on May 17th, 2006. 4.Conduct nationwide investigation and seizure of inferior tobacco and alcohol products to safeguard the public��s health and safety from May 23rd to May 25th, 2006.

2006-4

2008/4/14

1. In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on April 6th, 2006 and to issue on April 7th, a total worth of NT$20 billions of the Treasury Bills, with a 182-day repayment limit and 1.538% discount rate. 2. The MOF commissioned the Central Bank of China to sell through public tender on April 11th 2006, and to issue on April 14th, a total worth of NT$40 billion, reopening of bonds, with a 5-year maturity and 1.75�H p.a. coupon rate. 3. On April 14th , 2006, Commissioner Chai Sung-Lin led the review committee from the Consumer Protection Commission, Executive Yuan completed an evaluation on the Ministry of Finance��s consumers service performance for the year 2004 to 2005. The important points of the review include consumers protection services such as ��Tobacco and Alcohol Administration�� handled by the National Treasury Agency, ��Preventing Fraud of False Tax Refund�� handled by Taxation Agency and ��Consumer Protection Law Training�� handled by Training Institute of Ministry of Finance. 4. On April 17th, 2006, ��Guidelines of Appointing, Managing and Evaluating the Independent Directors of State-Run Enterprises Affiliated to the Ministry of Finance�� has been promulgated.

2006-3

2008/4/14

1.On March 13th, 2006, the Ministry has ratified 4 bar-coding forms used by the National Treasury Agency and ��Bar Coding Project of the National Treasury Agency��s Collection and Disbursement Forms�� per document number Tai-Tsai-Ku-Tzu-No 09503505260. Henceforth, all agencies are requested to handle accordingly and the original handwritten forms will be used until July 1st, 2008. 2.The MOF announced the second quarter (April-June) bond issuance plan of 2006. The terms and conditions set forth for each bond issuance are as follows:

Issuance Plan of Government Bonds for 2nd Q/2006
Issue MOnth	Item	Issue Amount(NT$100million)	Security Term	Tender Date (M/D/Y)	Issue Date(M/D/Y)
April	Re2006A1	400	5-YEAR	04-11-2006	04-14-2006
May	2006A4	350	2-YEAR	05-09-2006	05-12-2006
June	Re2006A3	400	10-YEAR	06-06-2006	06-09-2006

3.The MOF commissioned the Central Bank of China to sell through public tender on March 28th, 2006, and to issue on March 31st, 2006, a total worth of NT$40 billion of the Central Government Development Bonds, with a 10-year maturity and 1.75�H p.a. coupon rate.

2006-2

2008/4/14

1The Ministry of Finance had amended and promulgated �� The Regulations of the Tobacco Health and Welfare Surcharge Distribution and Utilization�� on February 16th, 2006. 2.The MOF commissioned the Central Bank of China to sell through public tender on February 21st 2006, and to issue on February 24th 2006, a total worth of NT$30 billion of the Central Government Development Bonds, with a 20-year maturity and 1.875�H p.a. coupon rate.

2006-1

2008/4/14

1. On 2nd January, 2006, former Executive Yuan Premier Hsieh got a comprehensive overview of the second-stage finance reform conducted by the Ministry of Finance. 2. The MOF commissioned the Central Bank of China to sell through public tender on January 3rd 2006, and to issue on January 6th 2006, a total worth of NT$40 billion of the Central Government Development Bonds, with a 5-year maturity and 1.75�H p.a. coupon rate. 3. On 13th January, the Ministry of Finance announced that Michael C. S. Chang is to be the director of First Financial Holding Co. Ltd. 4. On 13th January, 2006, the Ministry of Finance submitted the draft per Tai-Tsai-Ku-Zi-No. 09403528510 ��Regulatins for Management of Special Public Welfare Lottery�� to the Executive Yuan for ruling. 5. Before the Lunar New Year vacation January 23rd to 25th, 2006, strengthen investigations on illegal and disqualified tobacco/alcohol products were expanded. 6. The order that was published by Ministry of Finance Tai-Tsai-Ku-Zi-No.09403526770 on January 24th 2006 prescribes that the imported grape wine, with the volume not more than 9 liters per lot and its average CIF value over NT$8,000 per liter, can be released after documentary examination, if the importer apply to the central competent authority for approbation of special occasion in advance.

2005-12

2008/4/14

1.Article 9 and Article 17 of the ��Regulations Governing Undenatured Ethyl Alcohol�� were amended and promulgated by the Ministry of Finance with Order Tai-Tsai-Ku-Zi-No.09403525530 on December 1st, 2005. 2. Ministry of Finance issued the amendment approval for ��Directions for Treasury Centralized Payment�� with Tai-Tsai-Ku-Zi-No.09400607210 Correspondence dated December 9th 2005. 3.In light of the proposal where Mega Holdings intend to invest in Taiwan Businesss bank by cash purchases whereas the actual trading prices within the investment budget will be decided by the chairman through authorization and final trading prices will be proposed and presented to the Board of Directors, Ministry of Finance issued Tai-Tsai-Ku-Zi-No.09403523350 Correspondence dated December 16th 2005 in principle of agreeing to submit the proposal to the Board of Directors for further discussions. The said proposal was discussed and agreed by the Board of Directors in Mega Holdings on December 16th 2005 accordingly. 4. In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on December 16th, 2005 and to issue on December 19th, a total worth of NT$20 billions of the Treasury Bills, with a 91-day repayment limit and 1.44% discount rate. 5. Regarding the Certification System for the Excellency of Alcohol Products promoted by the Ministry of Finance, the alcohol products certificate awarding ceremony was held in Yi Tong Garden, Taipei Far Eastern Plaza Hotel on December 21st 2005. 6.The MOF commissioned the Central Bank of China to sell through public tender on December 23th 2005, and to issue on December 28th, a total worth of NT$35 billion, reopening of bonds, with a 10-year maturity and 1.625�H p.a. coupon rate. 7.The MOF announced its yearly government bond issuance tenors of Y2006, the auction date and actual issuance amount for Q1 as follows:

Issuance schedule of Central Government Bonds for 2006
Issue Month	January	February	March	April	May	June
Security Term	5-Year	20-Year	10-Year	5-Year (reopen)	2-Year	10-Year (reopen)
Issue Month	July	Augrst	September	October	November	December
Security Term	5-Year	20-Year (reopen)	10-Year	5-Year (reopen)	20-Year	10-Year (reopen)

Issuance Plan of Central Govemment Bonds of 1st Q/2006
Issue Month	Item	Issue Amount(NT$100million)	Security Term	Tender Date(M/D/Y)	Issue Date(M/D/Y)
January	2006A1	400	5-Year	01-03-2006	01-06-2006
February	2006A2	300	20-Year	02-21-2003	02-24-2006
March	2006A3	400	10-Year	03-28-2006	03-31-2006

8.The order that was published by Ministry of Finance Tai-Tsai-Ku-Zi-No.09403526760 on Decenber 27th 2005 prescribes that the inspection fee for impored alcohol released by the measure of documentary examination is NT$200 per lot. 9.The ��Directions for the Inspection of Imported Alcohol �� was published by thye order of Ministry of Finance Tai-Tsai-Ku-Zi-No.09403527920 on December 27th 2005. 10.The Chinatrust Commercial Bank, which had offered the highest price for feedback, NT$2,086,800,000 annually and NT$14,607,600,000 in total over a period of 7 years, won the bid in the matter of the MOF reselecting a domestic bank as the issuing institution of the Public Welfare Lottery. The MOF announced that Chinatrust Commercial Bank was appointed as the issuing institution of passive games, instant games, and on-line games from January 1st 2007 till December 31st 2013 on December 29th , 2005 per Order No. Tai-Tsai-Ku-Zi-09403527620.

2005-11

2008/4/14

1.The board of directors of Taiwan Cooperative Bank and Farmers Bank passed a resolution affirming the consolidation of the two banks and announced it respectively on November 8 th , 2005. 2. Article 5 and Article 31 of the ��Enforcement Rules of the Tobacco and Alcohol Administration Act�� were amended and promulgated on November 9 th , 2005 per Order No. Tai-Tsai-Ku-Zi-09400537540 of the Ministry of Finance. 3. In compliance with the Slashing the Government-Controlled Financial Institutions in Half Policy of the Second Financial Reform, on November 10th, 2005, the Executive Yuan approved the official petition submitted by the Ministry, which planned on the consolidation of Central Trust of China and Bank of Taiwan. 4. The MOF commissioned the Central Bank of China to sell through public tender on November 11 th 2005, and to issue on November 16 th 2005, a total worth of NT$30 billion of the Central Government Construction Bonds, with a 15-year maturity and 2 �H p.a. coupon rate. 5. The amendment to ��Directions for Treasury Centralized Payment via Inter-bank Remittance System�� was approved on November 15 th , 2005 per Order No. Tai-Tsai-Ku-Zi-09400526940 issued by the National Treasury Agency, Ministry of Finance. 6.In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on November 28 th , 2005 and to issue on November 29 th , a total worth of NT$25 billions of the Treasury Bills, with a 364-day repayment limit and 1.54% discount rate.

2005-10

2008/4/14

1.The MOF commissioned the Central Bank of China to sell through public tender on October 4th 2005, and to issue on October 7th 2005, a total worth of NT$30 billion reopening of strippable bonds, with a 5-year maturity and 2�H p.a. coupon rate. 2.Ministry of Finance, Department of Health, Executive Yuan and Ministry of Economic Affairs jointly announce ��Standard for the Establishment of Tobacco Production Factory�� on 17th October, 2005. 3.Ministry of Finance, Department of Health, Executive Yuan and Ministry of Economic Affairs jointly announce ��Standard for the Establishment of Alcohol Production Factory�� on 17th October, 2005. 4.Regarding the 94 annual audits made by central government on plans and budgets of county (city) governments of Taiwan Province, Ministry of Finance has accomplished audit on ��Achievements in Funds Development by County (City) Governments of Taiwan Province�� and submit the same per letter of 21st October, 2005 referenced Tai-Tsai-Ku-Chung-Tze No. 09403917120 to Directorate-General of Budget, Accounting and Statistics, Executive Yuan for compilation.

2005-9

2008/4/14

1.Paragraph 2 of Article 28 and Paragraph 3 to Paragraph 6 of Article 39 of the Tobacco and Wine Administration Act that was amended and promulgated by the Executive Yuan on January 7th, 2004 came to force on January 1st, 2005 as per Order No. Yuan-Tai-Tsai-Zi-0940028512 dated August 4th, 2005. 2.The categories of the alcohol product, that are fit for the test reports or guaranties isssued by the competent governmental authorities or alcoholic professional associations of the original (exporting) countries to verify the conformity with our standard hygiene requirements, are announced by the bulletin No. Tai-Tsai-Ku-Zi- 09403515820 on August 10th, 2005. 3.The MOF commissioned the Central Bank of China to sell through public tender on August 11th 2005, and to issue on August 16th 2005, a total worth of NT$30 billion reopening of bonds, with a 20-year maturity and 2.375�H p.a. coupon rate. 4.This Ministry had proposed a ��Case Report on Establishing an Independent Director��s System in State Owned Enterprises�� during the 13th meeting of Financial and Economic Meeting Report of the Executive Yuan held on August 19th, 2005. it was decided that: ��Except for state owned enterprises with strategic missions, the rest of state owned enterprises should actively promote the establishment of an Independent Directors�� System and each state owned enterprise shall cooperate in the implementation of such System when the term of its current directors has expired.�� 5.Article 10 and Article 17 of the ��Distribution Regulations for Centrally-Allotted Tax Revenue�� were amended and promulgated on August 23rd, 2005 per Order No. Tai-Tsai-Ku-Zi-09400379320 of the Ministry of Finance. 6.As per Order No. Tai-Tsai-Ku-Zi-09400387301 dated August 23rd, 2005, Regulations Governing the Inspection of Imported Alcohol shall be enforced commencing on January 1st, 2006. 7.Schedule for the enforcement of imported alcohol inspection was promulgated on August 23rd, 2005 as per Order No. Tai-Tsai-Ku-Zi-09400387303. 8.The MOF announced the procedure of selecting the domestic bank as the issuing institute of Public Welfare Lottery on August 30th, 2005 per the Order Tai-Tsai-Ku-Zi-09403516170.

2005-8

2008/4/14

2005-7

2008/4/14

1.The receipt and payment portion of the ��General Affairs Administration Handbook�� had been amended and promulgated by the Executive Yuan, per Yuan Shou Tsai Ku Zi No.09400309410, and shall come into effect on July 1st, 2005. 2.Amendment of partial articles of the ��Regulations on Treasury Checks�� became effective according to the administration order of Tai Chai Ku Zi No.09403512940 dated July 6th, 2005. 3.The Revision to Article 10 and Article 17 of the ��Regulation Governing Distribution for Centrally-Allotted�� was submitted to Executive Yuan for approval according to the administrative order of Tai Chai Ku Zi No.09403512280 dated July 8th, 2005. 4.The MOF commissioned the Central Bank of China to sell through public tender on July 15th, 2005, and to issue on July 20th, 2005, a total worth of NT$30 billions of the Central Government Development Bonds, with a 5-year maturity ,strippable choice and 2�H p.a. coupon rate. 5.The ��Regulations Governing the Inspection of Imported Alcohol�� was prescribed jointly on July 27th , 2005 by the letter of Ministry of Finance No.09403513960 and the letter of Department of Health No.0940405740.

2005-6

2008/4/14

1.Statistics of general governments public debts by the end of 2004 published on the website of National Treasury Agency on June 3rd, 2005. 2.The 2005 ��Practices of Alcohol and Tobacco Administration�� was held in three terms on June 8th-9th, 13th-14th, and 22nd-23rd, giving trainings to 141 officiers. The 14-hour course consist of topics of brewery, practices of disposing of consumer disputes and case studies, writing techniques of briefs regarding the Petition Law and Administrative Proceedings Law, Administrative Penalty Act and Act Governing Administrative Enforcement. 3.The MOF commissioned the Central Bank of China to sell through public tender on June 22nd 2005, and to issue on June 27th 2005, a total worth of NT$40 billions reopening of bonds, with a 10-year maturity and 2.250�H p.a. coupon rate. 4.The MOF announced the third quarter (July-September) bond issuance plans of 2005. The terms and conditions set forth for each bond issuance are as follows:

Issuance Plan of Central Govemment Bonds of 3rd Q/2005
Issue Month	Item	Issue Amount(NT$100million)	Security Term	Tender Date(M/D/Y)	Issue Date(M/D/Y)
July	2005A6	300	5-Year	07-15-2005	07-20-2005
August	Re2005A3	300	20-Year	08-11-2005	08-16-2005
September	2005A7	400	10-Year	09-07-2005	09-12-2005

5.The MOF issued a letter referenced No. Tai-Tsai-Ku- 09403508910 on June 23rd, 2005, requesting the Executive Yuan to review the general explanation and statutory comparison table of the amendment draft of the Act Governing the Allocation of Government Revenues and Expenditures. 6.The amendment to the ��Standard Chart of Ethyl Alcohol Denaturant�� under Article 11 of the Regulations Governing Undenatured Ethyl Alcohol on June 27th, 2005 .

2005-5

2008/4/14

1.In cooperation with the Executive Yuan's 2005 Consumer New Life Series Tobacco & Liquor Consumer Protection Promotional Event ��Smart Consumption & Healthy Taiwan�� that kicked off on May 7th, 2005 at the Tamsui Station of Metro-Taipei: Themes of the promotion- 1. Citizens are encouraged to impeach illegal, privately manufactured or poor quality tobacco and liquor; 2. Liquor products certification system; 3. Consumers are reminded to pay attention to the label when purchasing tobacco and liquor products; 4. Suppliers are urged not to order or import tobacco or liquor products from an unknown source. 2.The MOF commissioned the Central Bank of China to sell through public tender on May 10th 2005, and to issue on May 13th 2005, a total worth of NT$30 billions of the Central Government Development Bonds, with a 15-year maturity and 2.250�H p.a. coupon rate. 3.To improve the efficiency of the treasury disbursement operations, the maximum limit on electronic payments is raised to NTD 200,000 commencing from July 1, 2005 per the Order Tai-Tsai-Ku-Tze 09400214250 dated May 20th, 2005. 4.Pursuant to the 2938th meeting of the Executive Yuan, the Premier has issued the Order Tai-Tsai-Ku-Tze 09403507880 to the Council of Agriculture, Executive Yuan on May 12th, 2005 to transfer the public shareholding in Taiwan Fertilizer Co., Ltd. and Taipei Agriculture Products Marketing Co., Ltd. to the Council for management on May 20th, 2005. 5.Announced the ��Regulations Governing the Establishment of the Committee of selecting the Issuing Institution of Public Welfare Lottery of the Ministry of Finance�� on May 20th, 2005 per the Order Tai-Tsai-Ku-Tze 09403508200. 6.In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on May 20th, 2005 and to issue on May 23th, a total worth of NT$25 billions of the Treasury Bills, with a 182-day repayment limit and 1.3% discount rate.

2005-4

2008/4/14

1.The MOF commissioned the Central Bank of China to sell through public tender on April 6th 2005, and to issue on April 11th 2005, a total worth of NT$30 billions , reopening of bonds, with a 5-year maturity and 1.875�H p.a. coupon rate. 2.The MOF has sent the privatization proposal of the Central Trust of China to the Executive Yuan on April 15th, 2005. 3.In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on April 26th, 2005 and to issue on April 27th, a total worth of NT$25 billions of the Treasury Bills, with a 91-day repayment limit and 1.25% discount rate.

2005-3

2008/4/14

1.Pursuant to the ��Guidelines for the Establishment of the Government Shareholding Management Unit, Ministry of Finance(MOF)�� approved by the Executive Yuan, the Unit began operation from March 1, 2005. The Director General and Deputy Director General of National Treasury of MOF are assigned as the Chairman and Deputy Chairman of the Unit, respectively. In cooperation with the establishment and operation of the aforesaid Unit, shares of the Chinese Ching Corporation, the United Microelectronic Corporation, the Chinese Steel Corporation, Taiwan Fertilizer Corporation, Taiwan Salt Industrial Corporation, Chung Hwa Pulp Corporation and the Taiwan Industrial Development Corporation, which owned by Ministry of Economic Affairs, together with those of the Yang Ming Marine Transport Corporation, Taiwan Navigation Corporation, Taoyuan International Airport Services Corporation, Taipei Rapid Transit Corporation, Chinese Television System and Taipei Agricultural Products Marketing Corporation, owned by the Ministry of Transportation and Communication, Ministry of Defense and Council of Agriculture have all been transferred to MOF during March, 2005. 2.In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on March 7th, 2005 and to issue on March 8th, a total worth of NT$20 billions of the Treasury Bills, with a 182-day repayment limit and 1.27% discount rate. 3.The MOF commissioned the Central Bank of China to sell through public tender on March 11th 2005, and to issue on March 16th 2005, a total worth of NT$40 billions of the Central Government Development Bonds, with a 10-year maturity and 2.250�H p.a. coupon rate. 4.In cooperation with the government's policy in promoting the consolidation of the financial sector and encouraging financial firms to form regional financial groups in order to increase market share and global competitiveness, a team led by Lin Chuan, the Minister of Finance consisting of representatives from the Ministry of Finance, Council for Economic Development and Planning (CEDP), Financial Supervisory Commission (FSC) and state-owned financial institutions, visited Europe and the United States during the period from February 28 to March 11 to source business opportunities. The participants include the Minister of Finance, the Vice Chairman of the CEDP and FSC, respectively as well representatives from the Taiwan Tobacco and Liquor Corporation. and seven state-owned financial institutions including the First Financial Holding Company, Land Bank of Taiwan, Central Trust of China, Taiwan Cooperative Bank, Hua Nan Financial Holdings Company, Mega Financial Holding Company and Taiwan Business Bank. The briefing seminars were mainly based in New York and London where a major presentation and several one-to-one panel discussions were held. Major international investment banks, overseas investment institutions and international financial consulting firms were invited to attend the event in which the government's financial policy and commitments to a financial reform and privatization of state-owned enterprises were communicated. The attendees of the event expressed their recognition for Taiwan's privatization policies, showed interests in the financial holding enterprises in Taiwan and hoped that business opportunities may be created through cooperative arrangements.Business Bank. The briefing seminars were mainly based in New York and London where a major presentation and several one-to-one panel discussions were held. Major international investment banks, overseas investment institutions and international financial consulting firms were invited to attend the event in which the government's financial policy and commitments to a financial reform and privatization of state-owned enterprises were communicated. The attendees of the event expressed their recognition for Taiwan's privatization policies, showed interests in the financial holding enterprises in Taiwan and hoped that business opportunities may be created through cooperative arrangements. 5.Formulated the ��2005 Wartime military Funding Procurement Preparatory Plan��, ��2005 Wartime Budget Transfer Preparatory Plan�� and the ��2005 Wartime Financial and Foreign Exchange Control Preparatory Plan�� for submission to the Civil Defense Mobilization Preparatory Committee of the Executive Yuan.

2005-2

2008/4/14

1.The Executive Yuan has approved the ��Guidelines for the Establishment of Government Shareholding Management Unit, Ministry of Finance�� on January 31st, 2005 as per the Order of Tai-Tsai-Tze No.0940002249 and the Taskforce will be put into active operation from March 1st, 2005. 2.The MOF has announced the ��Statement of the Central Government Debt�� for year 2004 on February 14th, 2005 as per the Order of Tai-Tsai-Ku No.09403500580. 3.The MOF has formulated the format of the Public Debt Statement of February 14th, 2005 as per the Order of Tai-Tsai-Ku No.09403503020. The Ministry has requested the DGBAS to incorporate the above statement into annual financial statements from 2004 fiscal year and inform the accounting department of the respective local governments to cooperate with this new requirement as well. 4.The MOF commissioned the Central Bank of China to sell through public tender on February 22nd 2005, and to issue on February 25th, a total worth of NT$30 billions of the Central Government Development Bonds, with a 20-year maturity and 2.375�H p.a. coupon rate.

2005-1

2008/4/14

1.The MOF commissioned the Central Bank of China to sell through public tender on January 4th 2005, and to issue on January 7th, a total worth of NT$40 billions of the Central Government Development Bonds, with a 2-year maturity and 1.375�H p.a. coupon rate. 2.The draft of ��The Operation and Review Regarding the Government Shareholding Management of the Ministry of Finance�� was submitted to the 9th Financial and Economic Report Meeting, Executive Yuan on January 12th 2005. The resolution as follows: �]1�^ The Ministry of Finance shall uniformly administer the stock right administration of government shares in three stages, starting from March, 2005; �]2�^ With regard to the privatized enterprises, their operations shall not be overly interfered by the administration of government shares to elevate the competency; �]3�^ Regulations governing the representatives of government shares of each ministry shall be uniform and shall emphasize information disclosure; �]4�^ The standard regarding the remuneration of directors and supervisors shall be simplified into two categories: public employees and private employees; �]5�^ With regard to major investment involved with industrial policies or national security, a cross-ministry deliberation and consultant team shall be established to proceed; and �]6�^ Presently, the sale of shares shall be actively promoted. 3.The �� Operational Procedures for Treasury Centralized Payment �� be revoked with Order Tai-Tsai-Ku-Tzu No. 09403500390 on January 17th 2005. 4.Organizations of the branches under the ��Directions for Treasury Centralized Payment�� be prescribed with Order Tai-Tsai-Ku-Tzu No. 09403500410 on January 17th 2005. The effective day shall be prescribed as January 19th 2005. 5.In order to enhance efficient administration of national assets, improve the efficiency of government finance, and elaborate overall efficacy, the draft of the ��Establishment Guidelines for Government Shareholding Management Unit of the Ministry of Finance�� shall be reported to the Executive Yuan with Order Tai-Tsai-Ku-Tzu No. 09403501100 on January 17th 2005. 6.The MOF commissioned the Central Bank of China to sell through public tender on January 19th 2005, and to issue on January 24th a total worth of NT$40 billions of the Central Government Development Bonds, with a 5-year maturity and 1.875�H p.a. coupon rate. 7.Partial amending of ��Regulations for Management of Treasury Bills�� by administrative direction of Tai-Tsai-Ku-Tzu No.09403500820 to comply with the stipulation of ��Trust Law��, securities should officially registered while to be held in trust, and taking effect of lodgment operations for Book-entry Central Government Bonds.

2004-12

2008/4/14

1.The MOF commissioned the Central Bank of China to sell through public tender on December 6 2004, and to issue on December 9, a total worth of NT$35 billions, reopening of bonds, with a 10-year maturity and 2.625�H p.a. coupon rate. 2.On December 14th 2004, the MOF submitted the draft for ��Y2005 Financial Resources Mobilization Preparation Plan�� for review by the Executive Yuan Civilian Defense Mobilization Preparation Committee as per Tai-Tsai-Ku No. 09303518550. The Committee has also approved the plan on December 23rd 2004 as per Dong-Chin No. 0930000985. 3.In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on December 17, 2004 and to issue on December 20, a total worth of NT$20 billions of the ��6th Issue of Y2004 Treasury Bills��, with a 182-day repayment limit and 1.175% discount rate. 4.On December 31st 2004, the Executive Yuan approved the revisions to ��Directions for Treasury Centralized Payment�� as per Yuan-Tai-Tsai No. 0930059202. 5.The MOF announced its government bond issuance schedule of Y2005, government bond issuance plans for Q1, and assured each announcement of bond issuance plans for Q1to Q4.

Schedule of Issues of Central Government Bonds for 2006
Issue Month	January	February	March	April	May	June
Security Term	2-Year&5-Year	20-Year	10-Year	5-Year (reopen)	2-Year or 15-Year	10-Year (reopen)
Issue Month	July	Augrst	September	October	November	December
Security Term	5-Year	20-Year (reopen)	10-Year	5-Year (reopen)	2-Year or 15-Year	10-Year (reopen)

Issuance Plan of Central Govemment Bonds of 1st Q/2005
Issue Month	Item	Issue Amount(NT$100million)	Security Term	Tender Date(M/D/Y)	Issue Date(M/D/Y)
January	2005A1	400	2-Year	01/04/2005	01/07/2005
January	2005A2	400	5-Year	01/19/2005	01/24/2005
February	2005A3	300	20-Year	02/22/2005	02/25/2005
March	2005A4	400	10-Year	03/11/2005	03/16/2005

2004-11

2008/4/14

(�@)On November 15 2004, the estimated annual revenue figures for overall budget of the Central Government from 2006 through 2009 were submitted to the Directorate General of Budget, Accounting and Statistics per Order No. Tai-Tsai-Ku-09303519010 of the MOF. (�G)The MOF commissioned the Central Bank of China to sell through public tender on November 15, 2004 and to issue on November 18, a total worth of NT$35 billions of the Central Government Construction Bonds, with a 20-year maturity and 3�H p.a. coupon rate. (�T)On November 22, 2004 the ��Y2005 Welfare Lottery Issuance Plan�� was authorized per Order No. Tai-Tsai-Ku-09303517880 of the MOF. (�|)In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on November 29, 2004 and to issue on November 30, a total worth of NT$25 billions of the ��5th Issue of Y2004 Treasury Bills��, with a 364-day repayment limit and 1.345% discount rate.

2004-10

2008/4/14

(�@)In line with local treasury business requirements and for the simplification of administrative operations, the Executive Yuan has authorized the Ministry of Finance to take charge of assessments, including the issuance of assessment letters, on all cases pertaining to the agent banks of special municipal governments on October 4, 2004 by Order Yuan-Tai-Tsai-Tze No. 0930042290. (�G)The MOF commissioned the Central Bank of China to sell through public tender on October 12 2004, and to issue on October 15, a total worth of NT$35 billions, reopening of bonds, with a 5-year maturity and 2.125�H p.a. coupon rate. (�T)In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on October 27, and to issue on October 28, a total worth of NT$15.9 billions of the ��4th Issue of Y2004 Treasury Bills��, with a 182-day repayment limit. The amount of accepted competitive tenders at the high discount rate 1.2% was about 15.8 billions.

2004-9

2008/4/14

1.The central topic of the �� 2004 Smuggled and Inferior Cigarettes & Liquors Investigation Workshop�� held on September 2 and 3, 2004 was to �� enhance the investigation of smuggled and inferior cigarettes and liquors, create a sound order for the tobacco and alcohol market.�� 2.In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on September 6, 2004 and to issue on September 7, a total worth of NT$20 billions of the ��3rd Issue of Y2004 Treasury Bills��, with a 182-day repayment limit and 1.075% discount rate. 3.The MOF commissioned the Central Bank of China to sell through public tender on September 10 2004, and to issue on September 15, a total worth of NT$35 billions of the Central Government Construction Bonds, with a 10-year maturity and 2.625�H p.a. coupon rate. 4.Taiwan tobacco farmers�� group came to the Ministry of Finance on September 13, 2004 for the issue of procurement of the domestic tobacco leaves. The Ministry of Finance submitted the farmers�� request to the Executive Yuan for approval on September 16, 2004. The Executive Yuan replied that the Tobacco and Liquor Corporation should follow the principle stipulated in the correspondence No. 0930088735 dated August 30, 2004 by the Secretary General and act on the basis of its responsibilities and obligations. 5.The MOF announced the fourth quarter (October-December) bond issuance plans of 2004. The terms and conditions set forth for each bond issuance are as follows:

Issuance Plan of Central Govemment Bonds of 4th Q/2004
Issue Month	Item	Issue Amount(NT$100million)	Security Term	Tender Date(M/D/Y)	Issue Date(M/D/Y)
October	Re2004A7	350	5-Year	10-12-2004	10-15-2004
November	2004A9	350	20-Year	11-15-2004	11-18-2004
December	Re2004A8	350	10-Year	12-06-2004	12-09-2004

2004-8

2008/4/14

(�@)A meeting was held on August 20, 2004 for ��Financial Reform Project�� to review the implementation of all reform measures. (�G)The Tobacco and Liquor Corporation reported that it would not carry out the resolution made by the Legislative Yuan that required the Corporation to procure Taiwan domestic tobacco leaves planted in the Year 2004 to 2005. The Ministry of Finance had required the Corporation to follow the principle stipulated by the Executive Yuan to handle the case on the basis of its responsibilities and obligations. (�T)The MOF commissioned the Central Bank of China to sell through public tender on August 23 2004 and to issue on August 26, a total worth of NT$30 billions, reopening of bonds, with a 20-year maturity and 3�H p.a. coupon rate. (�|)Article 9 and Article 17 of the ��Distribution Regulations for Centrally-Allotted Tax Revenue�� were amended and promulgated on August 26, 2004 per Order No. Tai-Tsa-Ku-09300422770 of the Ministry of Finance. (��)In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on August 26, 2004 and to issue on August 27, a total worth of NT$25 billions of the ��2nd Issue of Y2004 Treasury Bills��, with a 364-day repayment limit.

2004-7

2008/4/14

(�@)On July 1st 2004 ��Directions for the enforcement Tobacco and Alcohol illegal Cases�� was revised and promulgated. (�G)Official Announcements on July 1st 2004�G 1.The qualifications for the entrusted (consignee) tobacco and alcohol manufacturers. 2.The allowance for the personal use without manufactures license. 3.The annual production limit for farmers or aborigines alcohol producers. 4.The laboratories recognized by Ministry of Finance for the hygiene inspection of tobacco and alcohol. (�T)The Revision to Article 9 and Article 17 of the ��Regulation Governing Distribution for centrally-Allotted Tax Revenues�� was submitted to Executive Yuan on July 15th, 2004 for approval. (�|)The MOF commissioned the Central Bank of China to sell through public tender on July 19th 2004, and to issue on July 22nd, a total worth of NT$35 billions of the Central Government Construction Bonds, with a 5-year maturity and 2.125�H p.a. coupon rate. (��)The auction system of Central Government Construction Bonds has been changed from multiple-price auction to uniform-price auction since July 2004.

2004-6

2008/4/14

1.The MOF commissioned the Central Bank of China to sell through public tender on June 7th 2004, and to issue on June 10th, a total worth of NT$35 billions, reopening of bonds, with a 10-year maturity. 2.The MOF announced the third quarter (July -September) bond issuance plans of 2004. The terms and conditions set forth for each bond issuance are as follows:

Issuance Plan of Central Govemment Bonds of 3rd Q/2004
Issue Month	Item	Issue Amount(NT$100million)	Security Term	Tender Date(M/D/Y)	Issue Date(M/D/Y)
July	2004A7	350	5-Year	07-19-2004	07-22-2004
August	Re2004A3	300	20-Year	08-23-2004	08-26-2004
September	2004A8	350	10-Year	09-10-2004	09-15-2004

�T�BOn June 29th 2004 the following regulations were revised and promulgated�G 1. Enforcement Rules of the Tobacco and Alcohol Administration Law. 2. Regulations Governing the Labeling of the Alcohol Products. 3. Regulations Governing Undenatured Ethyl Alcohol. 4. Fee Standard for Review, Certification and Permission Charged to Tobacco and Alcohol Manufacturers. �|�BOn June 29th 2004 the following regulations were established and promulgated�G 1. Regulations Governing the Alcohol Production by Farmers or Aborigines. 2. Hygiene Standard for the Alcohol Products. 3. Sanitation Standard for the Tobacco Manufacturer. 4. Sanitation Standard for the Alcohol Products Manufacturer.

2004-5

2008/4/14

1.Notice for all central government agencies to follow and implement the reform recommendation items raised by the ��Local Fiscal Problems Special Task Force,�� which have been approved by the Executive Yuan. 2.The Bureau of Monetary Affairs and the Department of Insurance have transferred the affairs, the management of public shares held by the Ministry, to the National Treasury Agency on May 20, 2004. 3.In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on May 21st, and to issue on May 24th, a total worth of NT$25 billions of the ��1st Issue of Y2004 Treasury Bills��, with a 364-day repayment limit. 4.In order to meet funding needs of the Central Government Debts Fund, the MOF commissioned the Central Bank of China to sell through public tender on May 24th 2004, and to issue on May 27th, a total worth of NT$35 billions of the "6th Issue of Y2004 Type-A Central Government Construction Bonds", with a 30-year maturity and 3.875% p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity.

2004-4

2008/4/14

1.In order to meet funding needs of the Central Government Debts Fund, the MOF commissioned the Central Bank of China to sell through public tender on April 12th 2004, and to issue on April 15th, a total worth of NT$40 billions of the "5th Issue of Y2004 Type-A Central Government Construction Bonds", with a 2-year maturity and 1.125�H p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity. 2.The Executive Yuan ��Local Fiscal Problems Task Group�� has held 5 staff meetings and 4 committee member meetings to reach a total of 15 resolutions. These resolutions have been compiled into Summary Reports and Table of Recommended Measures for Local Government Fiscal Reforms, and submitted to the Convener and Executive Yuan Counselor Hu Sheng-Zheng, to be forwarded for review by the Premier.

2004-3

2008/4/14

1. In order to meet funding needs of the Central Government Debts Fund, the MOF commissioned the Central Bank of China to sell through public tender on March 1st 2004, and to issue on March 4th, a total worth of NT$40 billions of the "4th Issue of 2004 Type-A Central Government Construction Bonds", with a 10-year maturity and 2.375�H p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity. 2. Revisions to partial clauses of the ��Regulations on National Treasury Checks�� were promulgated on March 2nd 2004. 3. The Executive Yuan has reviewed and approved to implement the ��Stage 2 Operational Plan for Treasury Centralized Payment System Implemented on National Defense Expenditures��. The Plan will be implemented in 2005. 4. In response to inquiries by the Directorate General of Budget Accounting and Statistics Executive Yuan, the MOF submitted its recommendations for amendments to the drafted plan on ��Principles for Preparation of Y2005 Central and Local Government Budget Plans��. 5. The MOF announced the second quarter (April-June) bond issuance plans of 2004. The terms and conditions set forth for each bond issuance are as follows: April: New issue NT$ 40 billions worth of the ��5th Issue of 2004 Type-A�� government bonds, with a 2-year maturity, selling through public tender on April 12th (Monday) and issuing on April 15th (Thursday). May: New issue NT$ 35 billions worth of the ��6th Issue of 2004 Type-A�� government bonds with a 30-year maturity, selling through public tender on May 24th (Monday) and issuing on May 27th (Thursday). June: re-open NT$ 35 billions worth of the ��4th Issue of 2004 Type-A�� increment government bonds with a 10-year maturity, selling through public tender on June 7th (Monday) and issuing on June 10th (Thursday). 6. The revised version of the ��Enforcement Rules of the Tobacco and Alcohol Administration Law�� was submitted to Executive Yuan on March 25th, 2004 for examination. 7. Pursuant to resolutions of the Civil Defense Mobilization Preparatory Committee in its First Meeting of Y2004, MOF submitted the ��Y2004 Wartime Military Funding Procurement Preparatory Plan��, ��Y2004 Wartime Budget Transfer Preparatory Plan��, and ��Y2004 Wartime Finance and Foreign Exchange Control Plan�� for examination by the Civil Defense Mobilization Preparatory Committee of the Executive Yuan.

2004-2

2008/4/14

�@�BIn order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on February 5th 2004, and to issue on February 10th, a total worth of NT$30 billions of the ��3rd Issue of Y2004 Type-A Central Government Construction Bonds��, with a 20-year maturity and 3% p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity. �G�B In order to amend the ��Enforcement Rules of the Tobacco and Alcohol Administration Law�� and ��Regulations Governing the Labeling of the Alcohol Products��, representatives from the alcohol industries, governments and academics are invited to participate, which was held on February 12th, 16th and 17th, 2004. �T�B For the purpose of designing the examination system of imported alcoholic products, representatives from the relevant industries, governments and academics are invited for discussion, which was held on February 19th, 2004.

2004-1

2008/4/14

�@�B The ban on the manufacturing of tobacco products was lifted on January 1st 2004. �G�B In order to meet funding needs of the Central Government Debt Fund, the MOF loaned on January 14th 2004, a total worth of NT$70 billions of the "1st Long-term Loan of 2004 ", with a 5-year maturity and 1.35�H p.a. rate. �T�B In order to meet funding needs of the National Treasury, the MOF loaned on January 15th 2004, a total worth of NT$40 billions of the "2nd Long-term Loan of 2004 ", with a 3-year maturity and 1.2�H p.a. rate. �|�B In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on January 6th 2004, and to issue on January 9th, a total worth of NT$40 billions of the "1st Issue of Y2004 Type-A Central Government Construction Bonds", with a 2-year maturity and 1.250�H p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity. ��BOn January 7th 2004. the ��Tobacco and Alcohol Administration law�� was revised and promulgated ��BIn order to meet funding needs of the Central Government Debt Fund, the MOF loaned on January 16th 2004, a total of NT$60 billions of the "3rd Long-term Loan of 2004 ", with a 6-year maturity. The public tender closed with successful bids at 1.214% p.a. weighted average interest rate , the another NT$15 billions were borrowed at a rate of 1.2% p.a. . �C�B In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on January 27th 2004, and to issue on January 30th, a total worth of NT$40 billions of the "2nd Issue of Y2004 Type-A Central Government Construction Bonds", with a 5-year maturity and 1.875�H p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity.

2003-12

2004/4/1

1.The MOF promulgated the ��Enforcement Rules of the Real Estate Securitization Act��.�]MOF File No. 0924001186, dated 2 December, 2003�^ 2.The MOF amended Article 4 of the ��Regulations Governing the Capital Adequacy of Banks��.�]The MOF No.0928011668, dated December 9, 2003�^ 3.The MOF stipulated that Bills Finance Companies qualified as originators under the ��Financial Assets Securitization Law�� are allowed to hold beneficiary securities or asset-backed securities based on their financial assets, for the purpose of credit enhancement. A Bills Finance Company��s holding of such securities is not classified as bonds investment under Article 40 of the Law Governing Bills Finance Business. (MOF File No. 0924001154, dated 11 December 2003) 4.The MOF permits a bank, as a futures investor, to trade domestic futures�]including interest rate futures�^and options commodities listed on the Taiwan Futures Exchange.(MOF File No. 0921000911, dated 19 December 2003) 5.The MOF interpreted the financing scope applicable under Article 44 of the ��Financial Holding Company Act��. �]MOF File No. 0921000773, dated 24 December, 2003�^ 6.The MOF approved the Financial Information Services Corporation (FISC) to lower the fund-transferring fees collected from member banks for Automatic Teller Machine (ATM) transactions, from NT$4.5 to NT$3.5 per transaction. On the same date, the MOF also required banks, credit cooperatives and the credit departments of Farmers and Fishermen��s Associations to reduce fees collected from customers by NT$1 per transaction. �]MOF File No.0922001830, 0922001829 dated 26 December, 2003�^

2003-11

2003/12/22

1. In order to meet funding needs of the Central Government Debts Fund, the MOF commissioned the Central Bank of China to sell through public tender on November 12th 2003, and to issue on November 17th, a total worth of NT$29.75 billions of the "9th Issue of Y2003 Type-A Central Government Construction Bonds", with a 2-year maturity and 1.375�H p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity. 2.On November 25th 2003 the Executive Yuan revised and approved the ��Trial Project for Acquisition of Existing Roads by Municipal and County Governments through Central Government Subsidies��.

2003-10

2003/12/22

In order to cope with the financial demand of the Central Government Debts Fund, the MOF commissioned the Central Bank of China to sell through public tender on October 27th 2003, and to issue on October 30th, a total worth of NT$30 billions of the "8th Issue of Y2003 Type-A Central Government Construction Bonds", with a 5-year maturity and 2.00% p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity.

2003-9

2003/12/22

1. On September 3rd 2003, the MOF revised the ��Distribution Date of Salary and Allowance Payments (Including Bonus) for Central Government Agencies and Schools and the Handling Guidelines for Distribution Dates Falling on Public Holidays�� 2. The MOF promulgated the revisions for Articles 10 and 17 of the �� Distribution Guidelines Centrally-Allotted Tax Revenues�� on September 16th 2003. 3. In order to cope with the financial demand of the Central Government Debts Fund, the MOF commissioned the Central Bank of China to sell through public tender on September 16th 2003, and to issue on September 19th, a total worth of NT$40 billions of the "7th Issue of Y2003 Type-A Central Government Construction Bonds", with a 10-year maturity and 2.75% p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity�C 4. Concerning the handling of deposits exceeding 1 year and uncashed checks over 15 years in the designated accounts of respective Central Government agencies, the MOF has on September 22nd 2003 issued a decree under Taiwan-Finance-Treasury Nbr. 09203516591 urging for cooperation and compliance of all Central Government agencies. 5. On September 26th 2003, the MOF announced its government bond issuance plans for Q4 (October through December) of Y2003. The conditions set forth for each bond issuance are as follows: October: to issue NT$30 billions worth of the ��8th Issue of Y2003 Type-A�� government bonds with a 5 year maturity, selling through public tender on October 27th and issuing on October 30th. November: to issue NT$40 billions worth of the ��9th Issue of Y2003 Type-A�� increment government bonds with a 2 year maturity, selling through public tender on November 12th and issuing on November 17th. December: to issue NT$35 billions worth of the ��10th Issue of Y2003 Type-A�� government bonds with a 10 year maturity, selling through public tender on December 2nd and issuing on December 5th.

2003-8

2003/9/24

1.In order to cope with the financial demand of the Central Government Debt Funds, to support the sound development of the bond market, to extend the trading duration of index government bonds and to promote the establishment of index interest rates, so as to counter the problems of insufficient liquidity from single issued government bonds and exceedingly swift alternation of index government bonds, the MOF commissioned the Central Bank of China to sell through public tender on August 4th 2003, and to issue on August 7th, a total increment of NT$30 billions of the "Y2003 A-3 Issue�� of government bonds", with a 20-year maturity and 2.5% p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity. 2.On August 20th 2003 the MOF revised Article 3 of the ��Guidelines for the Selection of Substitutive Treasuries by Local Governments�� which stipulates the required qualifications of banks acting as substitute government treasuries for municipal and county (or city) governments. 3.On August 21th 2003 the MOF promulgated the revision of Article 3 of the ��Regulation for the Organization of the Ministry of Finance Welfare Lottery Supervisory Committee��.

2003-7

2003/9/24

1.The labeling of tobacco and alcohol products which is required by Articles 32, 33, and 34 of the Tobacco and Alcohol Administration Law shall be implemented from July 1th,2003. 2.in order to meet funding needs of the Central Government Debts Fund, and to finance Central Government in the prevention of Severe Acute Respiratory Syndrome as well as special budget, the MOF commissioned the Central Bank of China to sell through public tender on July 10th 2003, and to issue on July 15th, a total worth of NT$45 billions of the "6th Issue of Y2003 Type-A Central Government Construction Bonds", with a 5-year maturity and 1.5% p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity. 3.On July 18th 2003, the Executive Yuan issued to all its subordinate agencies the Premier��s indications concerning the ��Establishment and Substantiation of the Tax Expenditure Policy Evaluation Mechanism�� and established the Guidelines For tax Expenditure Policy Evaluation Operations��. The MOF has also forwarded the abovementioned correspondence from the Executive Yuan for observation by all relevant units under the MOF on July 31st 2003.

2003-6

2003/9/24

11.Revisions to the ��Annual Output Limits for Unincorporated Wine Manufacturers�� were promulgated on June 6th 2003. 2.Revisions to partial clauses of the ��Rules Governing National Treasury Checks�� were promulgated on June 9th 2003. 3.In order to support the sound development of the bond market, to extend the trading duration of index bonds and promote the establishment of index rates, so as to counter the problems of insufficient liquidity and quick replacement resulting from single bond issue, the MOF commissioned the Central Bank of China to sell through public tender on June 10th 2003, and to issue on June 13th, a total worth of NT$30 billions of increment government bonds, with a 10-year maturity and 1.875% p.a. coupon rate. Interest on the bond will be paid annually from the issue date of original bond, and the bond principal will be repaid in a lump sum upon maturity.

2003-5

2003/6/24

1.In order to strengthen tobacco and wine quality enhancement, the Chinese CAS Foods Development Institute and the Food Industry Research and Development Institute have been consigned by the MOF to execute the alcoholic product certification system, To establish the certification system, MOF also promulgated ��Operating Guidelines for Alcoholic Product Certification��, ��Procedures on the Assessment of the Alcoholic Product Certification Logo��, as well as ��Guidelines for Establishing the Technical Committee for MOF Alcoholic Product Certification�� . 2.In order to meet funding needs of the Central Government Debts Fund, the MOF commissioned the Central Bank of China to sell through public tender on May 13th 2003, and to issue on May 16th, a total worth of NT$30 billions of the "5th Issue of Y2003 Type-A Central Government Construction Bonds", with a 2-year maturity and 1�H p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity.

2003-4

2003/5/23

1.The ��Fiscal Reform Project�� was submitted on April 4th 2003 for review by the Executive Yuan, and was approved by the Executive Yuan on April 22 th 2003. 2.For the purpose to improve bond market development, prolong the duration of index bond trades, enhance an index rate formed, and solve the problems of lesser liquidity and quick replacement of each bond issuance, the MOF commissioned the Central Bank of China to sell through public tender on April 10th 2003, and to issue on April 15th, a total worth of NT$30 billions of the reopening bonds, with a 5-year maturity and 1.625�H p.a. coupon rate. From the issue date of original bond, interest on the reopening bond will be paid annually, and the bond principal will be repaid in a lump sum upon maturity.

2003-3

2003/4/17

1. In order to meet funding needs of the Central Government Debts Fund, the MOF commissioned the Central Bank of China to sell through public tender on Mar 4th 2003, and to issue on Mar 7th, a total worth of NT$40 billions of the "4th Issue of Y2003 Type-A Central Government Construction Bonds", with a 10-year maturity and 1.875�H p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity. 2.Starting from July 1st 2003, all tobacco and alcoholic beverages on the market must conform to the labeling reguirements by the Articles 32, 33, and 34 of the ��Tobacco and ALCOHOL ADMINSTATION LAW ". producers and importers should correct the related labeling before July 1st.if there is any inconsistent with the law, or shall face the penalties stated under Article 52 of the law.

2003-2

2003/2/19

1.In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on February 13th 2003, and to issue on February 18th, a total worth of NT$35 billions of the "3rd Issue of Y2003 Type-A Central Government Construction Bonds", with a 20-year maturity and 2.5�H p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity. 2.On February 26th 2003, the MOF revised promulgating partial clauses of the ��Rules Governing the Management of Central Government Bonds��.

2003-1

2003/2/24

1.In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on January 7th 2003, and to issue on January 10th, a total worth of NT$40 billions of the "1st Issue of Y2003 Type-A Central Government Construction Bonds", with a 2-year maturity and 1.375�H p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity. 2.In order to meet funding needs of the National Treasury, the MOF commissioned the Central Bank of China to sell through public tender on January 14th 2003, and to issue on January 17th, a total worth of NT$40 billions of the "2nd Issue of Y2003 Type-A Central Government Construction Bonds", with a 5-year maturity and 1.625�H p.a. coupon rate. Interest on the Bond will be paid annually, and the Bond principal will be repaid in a lump sum upon maturity. 3.The revised partial clauses of the ��Operational Procedures for Treasury Centralized payment�� was promulgated on January 21st 2003. 4.On January 23rd 2003, the MOF promulgated the ��Rules Governing the Recycling of Waste Materials by Tobacco and Wine Industries��.