XN000022-1994-01-29 — Page 8

SATURDAY, JANUARY 29, 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

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

$ MILLION

4,664

-310

4,354

+2,676

-275

6,755

LAF RATE 2.00 BID/4.00 OFFER

TWI 126.9 +0.2*

29.1.94