XN000022-1996-07-13+14 — Page 6

5 -

Hong Kong Monetary Authority money market operations

Cumulative

Time

Change

$ Million

(Hours)

($ Million)

Opening Balance in the account

1,582

09:30

+310

Closing Balance in the account

1,922

10:00

+310

Change Attributable to:

11:00

+310

Money Market Activity

+310

11:30

+310

Laf Today

+30

Laf Rate 4% Bid/6% Offer TWI 124.6 *+0.1* 13.7.96

End