XN000022-1994-01-22 — Page 12

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SATURDAY, JANUARY 22, 1994

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

$ MILLION

4.000

NIL

4,000

NIL

-2,210

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

1,790

LAF RATE 2.00 BID/4.00 OFFER TWI 127.4 *+0.2* 22.1.94