XN000022-1996-01-03 — Page 12

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Tender form, tender notice and conditions may be obtained from the District Lands Office, Sha Tin, 2 Tung Lo Wan Hill Road, Sha Tin; the District Lands Offices/Kowloon, 10th floor, Yau Ma Tei Car Park Building, 250 Shanghai Street, Kowloon; and the Lands Department, 14th floor, Murray Building, Garden Road, Central.

Tender plan can also be inspected at these offices.

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change (Smillion)

Opening balance in the account

1,720

0930

+586

Closing balance in the account

2,281

1000

+586

Change attributable to:

1100

+586

Money market activity

+561

1200

+561

LAF today

Nil

1500

+561

1600

+561

LAF rate 4.25% bid/6.25% offer TWI 122.8 *+0.1* 3.1.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon Price

Yield

1 week

5.49

2 years

2711 5.60

100.29

5.50

1 month

5.47

3 years

3810

6.15

101.32

5.71

3 months

5.43

5 years

5012

6.38

101.11

6.21

6 months

5.42

7 years

7211

6.82

102.06

6.55

12 months 5.42

5 years

M502 7.30

103.40

6.57

Total turnover of EF bills and notes - $24,633 million

Closed January 3, 1996

End