XN000022-1995-02-24 — Page 33

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In another article entitled "Monetary and Exchange Rate Management with International Capital Mobility: The Case of Hong Kong" published in the same issue of the Quarterly Bulletin, the authors explained that fiscal discipline, flexibility of the economy, strong reserves and other carefully co- ordinated policies had combined to make Hong Kong a successful example of a fixed exchange rate regime.

The Quarterly Bulletin carries 10 other articles including official assessments of banking and monetary activities during the December quarter. The publication, at $100, is on sale at the Government Publications Centre. It may also be ordered from the Press and Publications Section of the HKMA.

End/Friday, February 24, 1995

Works to enhance traffic safety at Hiram's Highway

The Government is proposing to provide traffic signal control and improve the layout of two junctions of Hiram's Highway in Sai Kung so as to enhance traffic safety and efficiency.

The improvement works comprise the provision of traffic signal control at the junctions of Hiram's Highway/Hong Kin Road and Hiram's Highway/Po Lo Che Road, provision of pedestrian crossing facilities at the two junctions and associated slope and drainage works.

A notice about the proposed works was published in the Gazette today (Friday).

Plans for the proposed works can be seen at:

* the Central and Western District Office, Public Enquiry Service Centre, ground floor, Harbour Building, 38 Pier Road, Central, Hong Kong;