XN000022-1992-09-25 — Page 18

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FRIDAY, SEPTEMBER 25, 1992

EDUCATION

DEPARTMENT

32 YEARS CIVICS IN

MR LI BEGAN HIS CAREER IN THE AGO AS AN ASSISTANT EDUCATION OFFICER TEACHING ENGLISH AND CLEMENTI MIDDLE SCHOOL.

HE WAS POSTED TO THE SCHOOL AFTER TEACHING FOR TWO YEARS, REGISTRATION SECTION AND WAS PROMOTED TO EDUCATION OFFICER IN 1964.

SENIOR EDUCATION

MR LI BECAME

OFFICER IN DIRECTOR IN 1979, SENIOR ASSISTANT DIRECTOR IN 1983, IN 1984 AND DIRECTOR IN 1987.

ASSISTANT 1976, DEPUTY DIRECTOR

0

—

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,500

REVERSAL OF LAF

NIL

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

+800

CLOSING BALANCE IN THE ACCOUNT

2,300

LAF RATE 2.00 BID/4.00 OFFER TWI 110.5 -0.1* 25.9.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3.10 PCT

14 MONTHS 2311

6.25

103.35 3.26

2.80 PCT

17 MONTHS

2402

5.50

102.80 3.44

3 MONTHS

2.62 PCT

20 MONTHS

2405

5.50

102.85 3.73

6 MONTHS

2.70 PCT

23 MONTHS

2408

1.375

100.95

3.88

12 MONTHS

3.17 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 25 SEPTEMBER 1992

-

15,585 MN