MONDAY, NOVEMBER 7, 1994
NEED, OF
"PENDING THE FORMULATION OF NEW PLANNING RATIOS BASED ON SIGNIFICANT CHANGE SHOULD BE MADE ΤΟ THE CURRENT LEVEL PROVISION, THE SPOKESMAN SAID.
NO
FI
THE SPOKESMAN EXPLAINED THAT AT PRESENT, FOR PLANNING PURPOSES, THE POPULATION AGED 60 AND OVER WAS USED AS THE TARGET POPULATION FOR THE PROVISION OF WELFARE SERVICES FOR THE ELDERLY.
"THE WORKING GROUP ANALYSED THE AGE PROFILE OF ELDERLY PEOPLE USING RESIDENTIAL CARE AND COMMUNITY SUPPORT SERVICES AND FOUND THAT THE MAJORITY WERE AGED 65 AND ABOVE.
"IN ORDER TO REFLECT MORE ACCURATELY THE NEED OF ELDERLY PEOPLE FOR VARIOUS SERVICES, THE WORKING GROUP RECOMMENDED THAT THE PLANNING RATIO SHOULD BE BASED ON THE TARGET POPULATION AGED 65 AND ABOVE, THE SPOKESMAN SAID.
"
0
SEVENTH ISSUE OF 2-YEAR EXCHANGE FUND NOTES
THE HONG KONG MONETARY AUTHORITY ANNOUNCES THAT THE TENDER FOR THE SEVENTH ISSUE OF TWO-YEAR EXCHANGE FUND NOTES WILL BE HELD NEXT MONDAY (NOVEMBER 14) FOR SETTLEMENT THE FOLLOWING DAY (TUESDAY, NOVEMBER 15).
SIMILAR TO THE PREVIOUS ISSUE, AN AMOUNT OF $500 MILLION TWO-YEAR NOTES WILL BE ON OFFER.
IN ADDITION TO THAT, ANOTHER $100 MILLION WILL BE HELD AS RESERVE BY THE HONG KONG MONETARY AUTHORITY FOR SUPPLY TO MARKET MAKERS IN THE SECONDARY MARKET.
15.
1996 AND WILL CARRY SEMI-ANNUALLY
THE NOTES WILL MATURE ON NOVEMBER INTEREST AT THE RATE OF 6.90 PER CENT PER ANNUM PAYABLE IN ARREARS.
MEMBERS OF THE PUBLIC WHO WISH TO TENDER FOR THE SO THROUGH ANY OF THE MARKET MAKERS OR RECOGNISED PUBLISHED LIST WHICH CAN BE OBTAINED FROM THE HONG AUTHORITY ON 30TH FLOOR, 3 GARDEN ROAD, HONG KONG COR 8150).
NOTES MAY DO DEALERS ON THE KONG MONETARY TELEPHONE 878
EACH TENDER MUST BE FOR AN AMOUNT OF $50,000 OR INTEGRAL MULTIPLES THEREOF.
FOLLOWING IS THE TENDER INFORMATION FOR THE TWO-YEAR EXCHANGE FUND NOTES:
THE SEVENTH
ISSUE OF
ISSUE NUMBER
: 2611
TENDER DATE AND TIME
: MONDAY, NOVEMBER 14, 1994,
TO 10.30 AM
9.30 AM
ISSUE AND SETTLEMENT DATE: TUESDAY, NOVEMBER 15, 1994
AMOUNT ON OFFER
: $500 MILLJON PLUS AN $100 MILLION AS RESERVE THE MONETARY AUTHORITY
/MATURITY
ADDITIONAL STOCK FOR
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