XN000022-1993-08-02 — Page 12

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MONDAY, AUGUST 2, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS * * * *

MILLION

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

1,760

+240

2,000

NIL

-20

1,980

TWI 112.5 *+0.0* 2.8.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

2.34 PCT

13 MONTHS

2408

4.375 100.56

3.86

1 MONTH

2.63 PCT

16 MONTHS

2411

4.625 100.74

4.07

3 MONTHS

3.09 PCT

19 MONTHS

2502

4.75

100.71

4.31

6 MONTHS

3.39 PCT

22 MONTHS

2505

3.75

98.71

4.56

12 MONTHS

3.79 PCT

TOTAL TURNOVER OF BILLS AND BONDS

+

29,870 MN

CLOSED 2 AUGUST 1993