XN000022-1991-04-17 — Page 55

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WEDNESDAY, APRIL 17, 1991

THE BEST TEACHER EDUCATORS, AND THE BEST SCHOOL TRACHERS WOULD BE WELL INFORMED ABOUT INDIVIDUAL STUDENTS AND DISCERNING IN

THE IDENTIFICATION OF THEIR NEEDS, MR LI SAID.

"THEY WILL USE A VARIETY OF TECHNIQUES TO ENCOURAGE AND ASSESS PROGRESS, INCLUDING CAREFUL AND INFORMED OBSERVATION, PERCEPTIVE AND CONSTRUCTIVE COMMENT, AND A VARIETY OF MORE FORMAL MEASURES, HE

11

ADDED.

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

**** *

HKEF

DATE

$ MILLION

CLOSING BALANCE IN THE ACCOUNT ON

16.4.91

480

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

17.4.91

+110

-110

EFFECT OF OPERATIONS THIS AFTERNOON

NEUTRAL

TRADE WEIGHTED INDEX 111.1 *+0.0* 17.4.91

ISSUE

NUMBER

HONG KONG GOVERNMENT EXCHANGE FUND 91-DAY EXCHANGE FUND BILLS

MATURING

ON

OUTSTANDING

MILLION

Q115

10.7.91

390

+90

Q116

17.7.91

400

+80

Q104

24.4.91

675

-195

Q105

1.5.91

700

-220

Q106

8.5.91

643.5

-163.5

Q107

15.5.91

541

-61

Q108

22.5.91

440

+40

Q109

29.5.91

470

+10

Q110

5.6.91

340

+140

Q111

12.6.91

500

-20

Q112

19.6.91

530

-50

Q113

26.6.91

550

-70

Q114

3.7.91

470,

+10

PHONG KONG

HKEI