XN000022-1996-06-06 — Page 25

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The following beaches have changed grading on this occasion: Shek O and St. Stephen's from "3" to "2"; Pui O from "2" to "1"; Cheung Sha Lower from "2" to "3" and Kwun Yam Wan from "1" to "2".

The changes are within the normal range of fluctuation of the bacteriological water quality of these beaches.

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,323

0930

-362

Closing balance in the account

1,679

1000

-362

Change attributable to :

1100

-364

Money market activity

-364

1200

-364

LAF today

-280

1500

-364

1600

-364

LAF rate 4.00% bid/6.00% offer TWI 124.4 *+0.0* 6.6.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.01

2 years

2805

6.30

100.10

6.34

1 month

5.05

3 years

3904

6.30

99.07

6.77

3 months

5.15

5 years

5103 6.75

97.96

7.39

6 months

5.29

7 years

7305 7.60

99.63

7.82

12 months 5.67

5 years

M502 7.30

99.37

7.61

Total turnover of EF bills and notes - $8,421 million

Closed June 6, 1996

End