XN000022-1991-10-31 — Page 20

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THURSDAY, OCTOBER 31, 1991

IN SPITE OF THE AVAILABILITY

OF PRE-PACKAGED LABELS, IT IS EXPECTED THAT PHILATELISTS WILL STILL PREFER то BUY FRAMA LABELS BEARING THE VALUES THEY LIKE DIRECTLY FROM THE MACHINE ON THE FIRST DAY OF ISSUE.

IN ORDER ΤΟ ALLOW MORE CUSTOMERS TO USE THE MACHINE, A RESTRICTION OF $5 PER TRANSACTION FOR EACH CUSTOMER QUEUING IN FRONT OF THE MACHINE WILL BE IMPOSED ON NOVEMBER 6.

0

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * * *

DATE

$ MILLION

CLOSING BALANCE IN THE ACCOUNT ON

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

30.10.91

600

31.10.91

-126

+126

NEUTRAL

TRADE WEIGHTED INDEX 111.7 -0.1 31.10.91

HONG KONG GOVERNMENT EXCHANGE FUND

CLOSING YIELDS OF EXCHANGE FUND BILLS

31.10.91

30.10.91

MATURING IN 1 WEEK

3.93 PCT

4.06 PCT

1 MONTH

3.97 PCT

4.09 PCT

3 MONTHS

4.25 PCT

4.35 PCT

6 MONTHS

4.52 PCT

4.65 PCT

12 MONTHS

5.38 PCT

5.46 PCT

TOTAL TURNOVER

7,570 MN

8,432 MN