XN000022-1996-08-01 — Page 13

- 12 -

Letter collection service on holidays

The acting Postmaster General, Mr P C Luk, announced today (Thursday) that with effect from August 4, one collection will be arranged for all street posting boxes on Sundays and public holidays except for those which are located on outlying islands and at remote areas.

The time of collection will be shown on the time-plate of each posting box.

Mr Luk said: "The introduction of the service on Sundays and public holidays, which serves to advance the processing of letters posted at street posting boxes, is one of our initiatives to improve quality of letter service to the public."

End

Hong Kong Monetary Authority money market operations

**

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1.886

0930

+72

Closing balance in the account

1,918

1000

+72

Change attributable to:

1100

+72

Money market activity

+72

1200

+72

LAF today

-40

1500

+72

1600

+72

LAF rate 4.00% bid/6.00% offer TWI 123.8 *+0.0* 1.8.96