XN000022-1993-05-22 — Page 7

SATURDAY, MAY 22, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

$ MILLION

2,100

NIL

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

2,100

NIL

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

-740

1,360

LAF RATE 2.00 BID/4.00 OFFER TWI 112.3*+0.1* 22.5.93

O