XN000022-1992-12-12 — Page 14

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SATURDAY, DECEMBER 12, 1992

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

-20

CLOSING BALANCE IN THE ACCOUNT

1,480

LAF RATE 2.00 BID/4.00 OFFER