XN000022-1995-04-22+23 — Page 6

5-

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($ million)

Opening balance in the account

1,653

09:30

+45

Closing balance in the account

1,493

10:00

+45

Change attributable to:

11:00

+45

Money market activity

+45

11:30

+45

LAF today

-205

15:00

LAF rate 4.25% bid/6.25% offer TWI 118.4 *-0.4* 22.4.95

End/Saturday, April 22, 1995