XN000022-1996-04-20+21 — Page 6

- 5 -

"Recurrent grants will be considered to meet operating costs for a period of not more than three consecutive years.

"Up to 50 percent of the operating costs of the first year of service could be granted for initiating a self-financing service and up 30 percent in the second and third years," he added.

NGOs interested to apply for the Fund are welcome to contact the SWD on 2892 5214 or 2892 5191 for further details.

End

Fresh water cut in Tai Po

Fresh water supply to some premises in Tai Po will be temporarily suspended from 11 pm on Tuesday (April 23) to 6 am the following day for detection work on watermains to be carried out.

The suspension will affect all premises on Ting Kok Road between Tai Yuen Estate and Tai Fu Street, and Kau Shi Wai, Fung Yuen, Tin Sam, Yue Kok and Fung Yuen Lo Tsuen in Fung Yuen Road, Tai Po.

End

Hong Kong Monetary Authority money market operations

Opening Balance in the account

Closing Balance in the account

Change Attributable to:

Money Market Activity

Laf Today

$ Million

Time (Hours)

Cumulative Change

($ Million)

1,849

09:30

+910

1,784

10:00

+910

11:00

+910

+910

12:00

+910

-975

Laf Rate 4% Bid/6% Offer TWI 123.9 +0.1* 20.4.96

End