XN000022-1993-02-24 — Page 9

WEDNESDAY, FEBRUARY 24, 1993

THE BUILDING AT 149 IS GENERALLY IN AN ADVANCED STATE OF DILAPIDATION WITH MANY OF THE STRUCTURAL TIMBER JOISTS BEING EITHER DECAYED OR DEFECTIVE CAUSING THE REAR PORTION OF THE FIRST FLOOR AND ROOF TO SAG. FRACTURES ARE ALSO EVIDENT IN THE LOADBEARING WALLS AT VARIOUS LOCATIONS.

IN VIEW OF THE GENERAL CONDITION AND AGE OF THE BUILDING AND THE NATURE AND EXTENT OF THE WORKS REQUIRED TO MAKE THE BUILDING SAFE, IT IS UNECONOMICAL TO REPAIR THE BUILDING.

HENCE THE BUILDING SHOULD ALSO

BE CLOSED AND DEMOLISHED

BECAUSE OF BEING LIABLE TO BECOME DANGEROUS.

NOTICES OF INTENTION TO APPLY FOR CLOSURE ORDERS IN RESPECT OF THE TWO BUILDINGS FROM THE HONG KONG DISTRICT COURT ON APRIL 21 WERE POSTED ON THE PREMISES TODAY.

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

2,005

REVERSAL OF LAF

+145

BALANCE AFTER REVERSAL OF LAF

2,150

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

-530

CLOSING BALANCE IN THE ACCOUNT

1,620

LAF RATE 2.00 BID/4.00 OFFER TWI 113,8 *+0.[*

21.2.93

HONG KONG