XN000022-1993-02-27 — Page 12

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SATURDAY, FEBRUARY 27, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * * *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,930

REVERSAL OF LAF

+220

BALANCE AFTER REVERSAL OF LAF

2,150

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

-645

CLOSING BALANCE IN THE ACCOUNT

1,505

LAF RATE 2.00 BID/4.00 OFFER