XN000022-1992-08-24 — Page 8

MONDAY, AUGUST 24, 1992

7

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * *

MILLION

OPENING BALANCE IN THE ACCOUNT

1,350

REVERSAL OF LAF

+150

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

TWI 109.1 *-0.2*

NIL

-370

1.130

24.8.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE YIELD

1 WEEK

2.46 PCT

15 MONTHS

2311

6.25

103.57 3.53

1 MONTH

2.49 PCT

18 MONTHS

2402

5.50

102.74 3.84

3 MONTHS

2.53 PCT

21 MONTHS

2405

5.50

102.75 4.08

6 MONTHS 2.74 PCT

24 MONTHS

2408

4.375

100.72

4.21

12 MONTHS

3.30 POT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 24 AUGUST 1992

The

4,749MN