13
THURSDAY, SEPTEMBER 16, 1993
ON THE LABOUR FRONT, INSPECTORS OF THE LABOUR DEPARTMENT VISITED 2,459 ESTABLISHMENTS TO WEED OUT ANY ILLEGAL IMMIGRANTS WHO MAY BE WORKING, AND TO CHECK THAT EMPLOYERS FULFIL THEIR LEGAL OBLIGATION OF KEEPING PROPER RECORDS OF THEIR EMPLOYEES.
A TOTAL OF 8,964 EMPLOYEES HAD THEIR PROOF OF IDENTITY CHECKED DURING THE OPERATION.
SIXTEEN ESTABLISHMENTS WERE FOUND NOT ABLE TO PROVIDE A RECORD OF EMPLOYEES FOR INSPECTION.
THE SPOKESMAN REMINDED EMPLOYERS THAT THEY COULD BE FINED UP TO $250,000 AND JAILED FOR UP TO THREE YEARS IF THEY WERE FOUND ΤΟ BE EMPLOYING ILLEGAL IMMIGRANTS.
0
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
$ MILLION
OPENING BALANCE IN THE ACCOUNT
1,700
REVERSAL OF LAF
+300
BALANCE AFTER REVERSAL OF LAF
2,000
NET INJECTION/WITHDRAWAL TODAY
EFFECT OF LAF TODAY
NIL
-95
CLOSING BALANCE IN THE ACCOUNT
LAF RATE 2.00 BID/4.00 OFFER
1,905
TWI 111.8 *-0.4*
16.9.93
EF BILLS
HONG KONG GOVERNMENT EXCHANGE FUND
EF NOTES/ HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE COUPON PRICE YIELD
1 WEEK
2.72 PCT
14 MONTHS
2411
4.625
101.46 3.36
1 MONTH
2.73 PCT
17 MONTHS
2502
4.75
101.72 3.52
3 MONTHS
2.83 PCT
20 MONTHS
2505
3.75
100.01 3. 78
6 MONTHS 3.01 PCT
12 MONTHS
23 MONTHS
2508
4.625
101.39 3.90
3.26 PCT
TOTAL TURNOVER OF BILLS AND BONDS
CLOSED 16 SEPTEMBER 1993
-
9,920MN
/14