XN000022-1992-11-09 — Page 9

MONDAY, NOVEMBER 9, 1992

TENDER FOR FIFTH ISSUE OF GOVERNMENT BONDS

(MONDAY) THAT HELD ON

THE OFFICE OF THE EXCHANGE FUND ANNOUNCED TODAY THE TENDER FOR THE FIFTH ISSUE OF GOVERNMENT BONDS WILL BE MONDAY NOVEMBER 16 FOR SETTLEMENT ON TUESDAY NOVEMBER 17.

AS WITH THE PREVIOUS FOUR ISSUES, AN AMOUNT OF HK$500 TWO-YEAR BONDS WILL BE ON OFFER.

MILLION

WILL BE HELD AS

IN ADDITION TO THAT, ANOTHER HK$100 MILLION RESERVE BY THE OFFICE OF THE EXCHANGE FUND FOR SUPPLY TO MARKET MAKERS THROUGH SECONDARY MARKET TRADING.

THE BONDS WILL MATURE ON THURSDAY NOVEMBER 17, 1994 AND WILL CARRY INTEREST AT THE RATE OF 4.625% PER ANNUM PAYABLE SEMI-ANNUALLY IN ARREARS.

MEMBERS OF THE PUBLIC WHO WISH TO TENDER FOR THE BONDS

MAY DO SO THROUGH ANY OF THE MARKET MAKERS OR RECOGNISED DEALERS ON THE PUBLISHED LIST WHICH CAN BE OBTAINED FROM THE OFFICE OF THE EXCHANGE FUND AT 24TH FLOOR, ADMIRALTY CENTRE, TOWER II, 18 HARCOURT ROAD, HONG KONG (OR TELEPHONE 528 9110).

EACH TENDER MUST BE FOR AN AMOUNT OF HK$50,000 OR INTEGRAL MULTIPLES THEREOF.

CENTRAL GOVERNMENT OFFICES TO HAVE NEW LOOK

*

THE WEST WING OF THE CENTRAL GOVERNMENT OFFICES (CGO) WILL UNDERGO A FACR-LIFT IN THE NEXT 15 MONTHS.

THE DIRECTOR OF ARCHITECTURAL SERVICES, MR PAUL CORSER, TODAY (MONDAY) SIGNED A $138 MILLION CONTRACT FOR THE REFURBISHMENT ON BEHALF OF THE GOVERNMENT.

THE WORKS WILL UPGRADE THE BUILDING SERVICES AND FINISHES AND BETTER ALLOCATE ACCOMMODATION FOR GOVERNMENT SECRETARIAT OFFICES.

THE BUILDING AND SERVICES OF THE OFFICE BLOCK, WHICH WAS CONSTRUCTED IN THE 1950'S, ARE NEARING THE END OF THEIR ECONOMIC

SPAN.

LIFE

ON COMPLETION, THE UPPER FLOORS OF THE 13-STOREY BUILDING WILL PROVIDE PREMISES FOR A NUMBER OF GOVERNMENT SECRETARIAT BRANCHES.

THE ARRANGEMENT, COVERING ALSO OFFICES NOW LOCATED IN PREMISES, WILL ACHIEVE SUBSTANTIAL RENTAL SAVINGS.

LEASED

/TWO LOWER