XN000022-1993-01-29 — Page 4

FRIDAY, JANUARY 29, 1993

ON COMPLETION OF THE EXPANSION

TRANSFER CAPACITY WILL BE INCREASED

PROGRAMME, THE RECEPTION AND FROM THE EXISTING 620 MILLION CUBIC METRES TO 1,100 MILLION CUBIC METRES PER YEAR.

STAGE 1 OF THE PROJECT, AT AN ESTIMATED TOTAL COST OF $2,092 MILLION, COVERS ALL THE MAJOR WORKS REQUIRED FOR COMMISSIONING BY EARLY 1995.

MUK WU IS THE FOREMOST POINT IN THE TERRITORY'S CHINA WATER RECEPTION AND TRANSFER SYSTEM WHERE WATER RECEIVED WILL BE TRANSFERRED ALONG THREE MAJOR ROUTES ΤΟ THE WESTERN, CENTRAL AND EASTERN PARTS OF THE TERRITORY.

AND VIA AU

THE WESTERN ROUTE IS MADE UP OF LARGE DIAMETER PIPELINES WATER TUNNELS THAT RUN FROM MUK WU TO TAJ LAM CHUNG RESERVIOR TAU.

THE PRESENT CONTRACT INCLUDES THE SUPPLY AND LAYING OF 5.4 KILOMETRES OF STEEL PIPELINES MEASURING 2.2 METRES IN DIAMETER.

THE PIPELINES WILL RUN IN PARALLEL WITH THE EXISTING ONES BETWEEN MUK WU AND AU TAU TO AUGMENT THE TRANSFER OF CHINA WATER TO TAI LAM CHUNG RESERVOIR.

WORKS ON THIS CONTRACT WILL TAKE ABOUT 20 MONTHS TO COMPLETE.

SUPPLIES,

OF

MR THE

THE CONTRACT WAS SIGNED BY THE DIRECTOR OF WATER HU MAN-SHIU, ON BEHALF OF THE GOVERNMENT AND A REPRESENTATIVF CHINA STATE CONSTRUCTION ENGINEERING CORPORATION,

MONETARY STATISTICS FOR DECEMBER 1992

HONG KONG

DOLLAR

DEPOSITS WITH AUTHORISED INSTITUTIONS

PUBLISHED TODAY

INCREASED DURING DECEMBER, ACCORDING TO STATISTICS (FRIDAY) BY THE MONETARY AFFAIRS BRANCH.

SUPPLY ON ALL

CONSISTENT WITH THIS, HONG KONG DOLLAR MONEY DEFINITIONS ROSE DURING THE MONTH. HONG KONG DOLLAR LOANS AND ADVANCES ALSO INCREASED IN DECEMBER.

DEPOSITS

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS, ADJUSTED TO INCLUDE SWAP DEPOSITS, ROSE BY 1.6% IN DECEMBER FOLLOWING INCREASE OF 19.1% IN OCTOBER AND A DECREASE OF 16.8% IN NOVEMBER.

AN

AMONG THESE TIME DEPOSITS GREW DECEMBER.

DEPOSITS, DEMAND DEPOSITS SAVINGS

+ BY 2.3%, 0.1% AND 2.5%

DEPOSITS AND RESPECTIVELY DURING

/YEAR-ON-YEAR