WEDNESDAY, FEBRUARY 24, 1993
THE BUILDING AT 149 IS GENERALLY IN AN ADVANCED STATE OF DILAPIDATION WITH MANY OF THE STRUCTURAL TIMBER JOISTS BEING EITHER DECAYED OR DEFECTIVE CAUSING THE REAR PORTION OF THE FIRST FLOOR AND ROOF TO SAG. FRACTURES ARE ALSO EVIDENT IN THE LOADBEARING WALLS AT VARIOUS LOCATIONS.
IN VIEW OF THE GENERAL CONDITION AND AGE OF THE BUILDING AND THE NATURE AND EXTENT OF THE WORKS REQUIRED TO MAKE THE BUILDING SAFE, IT IS UNECONOMICAL TO REPAIR THE BUILDING.
HENCE THE BUILDING SHOULD ALSO
BE CLOSED AND DEMOLISHED
BECAUSE OF BEING LIABLE TO BECOME DANGEROUS.
NOTICES OF INTENTION TO APPLY FOR CLOSURE ORDERS IN RESPECT OF THE TWO BUILDINGS FROM THE HONG KONG DISTRICT COURT ON APRIL 21 WERE POSTED ON THE PREMISES TODAY.
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
$ MILLION
OPENING BALANCE IN THE ACCOUNT
2,005
REVERSAL OF LAF
+145
BALANCE AFTER REVERSAL OF LAF
2,150
NET INJECTION/WITHDRAWAL TODAY
NIL
EFFECT OF LAF TODAY
-530
CLOSING BALANCE IN THE ACCOUNT
1,620
LAF RATE 2.00 BID/4.00 OFFER TWI 113,8 *+0.[*
21.2.93
HONG KONG