XN000022-1996-05-30 — Page 42

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Officers of HAD's Licensing Authority, acting on a complaint, inspected the premises at second floor, Champagne Court, 18 Kimberley Road, and found that it was being operated as a guesthouse without a licence, contrary to Section 5 of the Hotel and Guesthouse Accommodation Ordinance.

The spokesman said unlicensed guesthouses would not be tolerated and enforcement action would continue to be taken to eliminate such premises.

He appealed to members of the public to continue to help in the crackdown on unlicensed guesthouses by reporting them to the Licensing Authority on 2881 7034.

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,550

0930

+413

Closing balance in the account

2,480

1000

+413

Change attributable to:

1100

+413

Money market activity

+405

1200

+408

LAF today

+525

1500

+408

1600

+405

LAF rate 4.00% bid/6.00% offer TWI 124.3 -0.3* 30.5.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.03

2 years 2805

6.30

100.29

6.23

1 month

5.05

3 years

3904

6.30

99.27

6.69

3 months

5.11

5 years 5103

6.75

98.09 7.35

6 months

5.23

7 years 7305

6.60

99.64

7.81

12 months

5.57

5 years

M502

7.30

99.48

7.58

Total turnover of EF bills and notes - $9,673 million

Closed May 30, 1996

End