XN000022-1993-11-15 — Page 13

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MONDAY, NOVEMBER 15, 1993

TENDER FOR THIRD ISSUE OF EXCHANGE FUND NOTES

THE HONG KONG MONETARY AUTHORITY ANNOUNCES THAT THE TENDER THE THIRD

BE HELD ISSUE OF TWO-YEAR EXCHANGE FUND NOTES WILL MONDAY (NOVEMBER 22) FOR SETTLEMENT ON TUESDAY (NOVEMBER 23).

SIMILAR TO THE PREVIOUS ISSUE, AN AMOUNT OF $500 MILLION YEAR NOTES WILL BE ON OFFER.

FOR

NEXT

TWO-

IN

BY

RESERVE ADDITION, ANOTHER $100 MILLION WILL BE HELD AS

IN THE HONG KONG MONETARY AUTHORITY FOR SUPPLY TO MARKET MAKERS SECONDARY MARKET.

THE

THE NOTES WILL MATURE ON NOVEMBER 23, 1995 AND WILL CARRY INTEREST AT THE RATE OF 4.15 PER CENT PER ANNUM PAYABLE SEMI-ANNUALLY IN ARREARS.

MEMBERS OF THE PUBLIC WHO WISH TO TENDER FOR THE NOTES MAY DO

MARKET MAKERS OR SO THROUGH ANY OF THE

RECOGNISED DEALERS ON THE WHICH CAN BE OBTAINED FROM THE HONG

MONETARY KONG 30TH FLOOR, 3 GARDEN ROAD, HONG KONG (OR TELEPHONE

PUBLISHED

AUTHORITY

878 8150).

LIST ON

BACH TENDER MUST BE FOR AN AMOUNT OF $50,000 OR INTEGRAL MULTIPLES THEREOF.

0

ENGLAND BANK CHIEF VISITS MONETARY AUTHORITY

MR EDDIE GEORGE, THE GOVERNOR OF THE BANK OF ENGLAND, VISITED THE HONG KONG MONETARY AUTHORITY (HKMA) TODAY (MONDAY) AND MET WITH CHIEF EXECUTIVE OF THE HKMA, MR JOSEPH YAM.

THIS IS MR GEORGE'S FIRST VISIT TO HONG KONG SINCE HE BECAME GOVERNOR IN JULY THIS YEAR. MR GEORGE WAS FORMERLY DEPUTY GOVERNOR OF THE BANK FROM 1990 TO JULY THIS YEAR.

BANK

"WE ARE VERY HONOURED BY THE VISIT OF THE GOVERNOR OF THE OF ENGLAND TO THE HKMA. WE HAVE HAD VERY USEFUL DISCUSSIONS ON AREAS OF MUTUAL INTEREST AND MR GEORGE WAS VERY INTERESTED IN AND SUPPORTIVE OF THE VARIOUS MONETARY REFORMS THAT WE PUT IN PLACE FOR HONG KONG IN THE PAST 10 YEARS, MR YAM SAID.

"

"THE BANK HAS BEEN VERY SUPPORTIVE OF THE THE HKMA AND ITS INTEGRATION INTO THE INTERNATIONAL FRATERNITY.

ESTABLISHMENT OF CENTRAL BANKING

"THE BANK HAS ALSO BEEN VERY GENEROUS IN SHARING WITH US THEIR TECHNICAL EXPERTISE AND EXPERIENCE IN CENTRAL BANKING MATTERS. THIS IS CERTAINLY SOMETHING WE ARE THANKFUL FOR, MR YAM ADDED.

"THE HKMA LOOK FORWARD то CONTINUING AND STRENGTHENING CO-OPERATION WITH THE BANK IN THE YEARS TO COME, MR YAM SAID.

OUR

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