23.

-

She commended the Hongkong Bank Foundation for donating $9.7 million towards the two projects.

Note to editors:

Full text of Mrs Patten's speech has been faxed and a photograph taken at the ceremony will be boxed.

end/Wednesday, December 7, 1994

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,424

0930

+112

Closing balance in the account

1,569

1000

+11

Change attributable to:

1100

-4

Money market activity LAF today

-20

1200

-3

+165

1500

-3

1600

-20

LAF rate 3.75% bid/5.75% offer TWI 121.8 *-0.1* 7.12.94

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