6
MONDAY, OCTOBER 22, 1990
182-DAY EXCHANGE FUND BILLS TO BE ISSUED NEXT WEEK
APPROVED HAS
THE ISSUE OF
182-DAY
ISSUED
THE FINANCIAL SECRETARY EXCHANGE FUND BILLS IN ADDITION TO THE 91-DAY BILLS WHICH WERE IN MARCH THIS YEAR.
THE FIRST TENDER FOR 182-DAY BILL WILL (OCTOBER 30).
BE HELD NRXT
TUESDAY
ISSUED
$60
INITIALLY, UP TO $200 MILLION OF 182-DAY BILLS WILL BE ON ALTERNATE WEEKS. THE RESERVE HELD BY THE EXCHANGE FUND WILL BE .MILLION PER ISSUE.
"THE
PROGRAMME
FOR
91-DAY EXCHANGE
BEEN
ISSUE
MR
DAVID
FUND BILLS HAS OPERATING WELL. THE NEXT STEP IS TO EXTEND THE PROGRAMME BY THE
FOR MONETARY AFFAIRS, THE OF 182-DAY BILLS,
SECRETARY NENDICK, SAID TODAY (MONDAY).
||
AND
"
"THIS WILL HELP TO DEVELOP THE HONG KONG
THE THE ENHANCE
EFFECTIVENESS OF INSTRUMENTS, HE ADDED.
DOLLAR PAPER MARKET
AS BILLS
MONEY MARKET
MARKET COMMITTEE
"WE HAVE CONSULTED THE
AND THE HONG KONG WHICH CAPITAL MARKETS ASSOCIATION. BOTH OF THEM SUPPORT THE PROPOSAL, HAS NOW BEEN APPROVED BY THE FINANCIAL SECRETARY ON THE ADVICE OF EXCHANGE FUND ADVISORY COMMITTEE," MR NENDICK SAID.
THE
TENDER, ISSUE, REDEMPTION
ALL THE SYSTEMS AND PROCEDURES FOR AND TRANSFER OF 91-DAY BILL WILL BE USED FOR THE 182-DAY BILL AS WELL.
REVIEW AND PRIMARY
THE FREQUENCY AND SIZE OF ISSUE WILL BE KEPT UNDER ADJUSTED IF NECESSARY IN THE LIGHT OF ACTUAL RESPONSES IN THE AND SECONDARY MARKETS.
POST OFFICE ISSUES SPECIAL CHRISTMAS STAMPS AND POSTCARDS
FOR THE FIRST TIME, THE POST OFFICE WILL ISSUR OF CHRISTMAS STAMPS AND POSTCARDS THIS YEAR,
A SPECIAL SET
THE STAMPS FOR CHRISTMAS 1990 WILL BE ISSUED ON NOVEMBER 8.
THERE WILL BE SIX DENOMINATIONS:
$1.8, $2 AND $5.
50 CENTS, 60 CENTS,
$1.4,
SAID: "THIS 18 THE OF CHRISTMAS
THE POSTMASTER GENERAL, MR DOMINIC WONG, FIRST TIME THAT THE HONG KONG POST OFFICE ISSUES A SET STAMPS AND POSTCARDS. THEY ARE EXPECTED TO BE POPULAR,"
/IN ADDITION