XN000022-1987-10-26 — Page 3

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MONDAY, OCTOBER 26, 1987

"WHAT HAS HAPPENED TODAY HAS UNDOUBTEDLY BEEN AFFECTED FALLS IN OTHER INTERNATIONAL MARKETS, NOTABLY TOKYO, WHICH BY SOME 1,000

WE POINTS.

HAD

EXPECTED

BY THE WENT DOWN MARKET TO CLOSE ABOUT 1,100 POINTS.

AN ORDERLY PACKAGE HAS

IN

OUR SIGNIFICANTLY LOWER AND IT HAS INDEED FALLEN BY DESPITE

TURNOVER, HIGH THE

THE MARKET OPERATED MANNER. THIS IS WHAT WE WANT TO SEE AND WHAT THE SUPPORT BEEN DESIGNED TO ACHIEVE.

A VERY MILLION.

"AS TO THE ECONOMY IN GENERAL, TODAY WE HAVE ALSO SEEN SUCCESSFUL LAND SALE AUCTION WHICH FETCHED A TOTAL OF $676.7

BY THE LANDS THE RETURNS ARE MUCH HIGHER THAN THE PRICES ESTIMATED

ANOTHER THAT THIS IS YET

CLEAR DEPARTMENT AND I WISH TO EMPHASIZK INDICATION THAT OUR ECONOMY REMAINS PERFECTLY SOUND."

FS: MARKETS WORKING IN ORDERLY MANNER

THE STOCK MARKETS HAVE BEEN WORKING IN AN ORDERLY MANNER IN THE MORNING TRADING, THE FINANCIAL SECRETARY, MR PIERS JACOBS, SAID TODAY (MONDAY).

..

"THAT'S EXACTLY WHAT WE SET OUT TO ACHIEVE, HE ADDED.

TRADING,

SPEAKING TO REPORTERS WHO ASKED HIM ABOUT THE MORNING MR JACOBS SAID HE HAD BEEN WATCHING THE MARKETS VERY CLOSELY, AND THEY SEEMED TO BE WORKING QUITE WELL.

"WHAT WE WANTED WAS THE MARKETS TO BE WORKING IN AN ORDERLY AND NORMAL MANNER. OBVIOUSLY THERE WERE VERY SHARP FALLS TO BEGIN

A WITH, THAT WE EXPECTED.

BIT OF BUYING INTEREST HAS MANIFESTED ITSELF. IT'S BEGINNING TO PICK UP," HE SAID.

MR JACOBS ADDED THAT THE TWO SYSTEMS WERE REACTING WITH EACH THE DAY OTHER NORMALLY. HOWEVER, HE NOTED THAT IT WAS STILL EARLY IN AND HE WOULD CONTINUE TO KEEP

CLOSE WATCH ON THE MARKETS THIS

A

AFTERNOON, TOMORROW, AND FOR THE REST OF THE WEEK.

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