XN000022-1993-11-20 — Page 8

SATURDAY, NOVEMBER 20, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

2,720

REVERSAL OF LAF

+180

BALANCE AFTER REVERSAL OF LAF

2,900

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 113.7 *+0.0* 20.11.93

-1,270

1,630

+