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To encourage more participation and to widen the scope of the festival, the Wan Chai Festival Organising Committee (1997) has sent out invitations to more than more than 800 local organisations, calling for activities to be organised in support of the festival.

Scheduled for January 4 to 31 next year, the 1997 Wan Chai Festival is the fifth to be staged and will have a $3 million budget. In the last festival held in 1992, the opening day alone attracted more than 12,000 people. This year's opening is expected to attract more residents and will be broadcast live by the Television Broadcasts Ltd who will assist in the production.

End

Tender date

Paper on offer

Issue number

Issue date

Hong Kong Monetary Authority tender results

11 Jun 1996

EF bills

Q624

11 Jun 1996

EF bills

Y690

12 Jun 1996

11 Jun 1996

Maturity date

11 Sept 1996

11 Jun 1997

Coupon

Amount applied

HK$7,980 MN

HK$1,390 MN

Amount allotted

HK$1,500 MN

HK$500 MN

Average yield accepted

5.28 PCT

5.84 PCT

Highest yield accepted

Pro rata ratio

5.28 PCT

5.85 PCT

About 30 PCT

About 17 PCT

Average tender yield

5.29 PCT

5.86 PCT