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The occasion was also marked by the announcement of winners and presentation of prizes for the World Water Day Essay Competition organised by the Secretariat of the International Water Supply Association Asia Pacific Group (IWSA-ASPAC) in collaboration with the Education Department and the Water Supplies Department.

Mr Hu, the current Chairman of IWSA-ASPAC, said the essay competition, with the theme "Water is Life", was launched to promote the awareness of Hong Kong students on the protection and conservation of the territory's scarce water resource.

Denise Woo Kar-yan of the Diocesan Girls' School and Yum Chun-wa of Queen Elizabeth School won the English and Chinese categories of the competition respectively. Prizes for the winners included round trip air tickets to London, Taipei and Manila.

March 22 of each year has been declared by the United Nations as the World Water Day. The declaration is in consideration of the importance of water resource development to economic productivity and social well-being; the growing scarcity of water resources; and the requirement of public awareness at local, regional and international levels for the promotion of water conservation.

End/Wednesday, March 22, 1995

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million (hours)

($million)

Opening balance in the account

1,366

0930

+1,247

Closing balance in the account

1,908

1000

+1,247

Change attributable to:

1100

+1,264

Money market activity

+1,244

1200

+1,244

LAF today

-702

1500

+1,244

1600

+1,244

LAF rate 4.25% bid/6.25% offer TWI 118.1 *-0.1* 22.3.95

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