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"Some of the drains, which were built some 30 years ago, were under-capacity and cannot meet current flood protection standard.

"The study will also develop a computerised asset management system to facilitate future planning, management and operation of the drainage system," Mr Bradley said.

The study, expecting to take 20 months to complete, is the third in the seven drainage master plan schemes undertaken by the department.

The first study covering Yuen Long, Kam Tin and Tin Shui Wai started in January, while the second for northern Hong Kong Island began in May.

End

Tender date

Paper on offer

Issue number

Hong Kong Monetary Authority tender results

3 Sept 1996

EF bills

Q636

3 Sept 1996

EF bills

Y693

Issue date

4 Sept 1996

4 Sept 1996

Maturity date

4 Dec 1996

3 Sept 1997

Coupon

Amount applied

HK$4,870 MN

Amount allotted

HK$1,500 MN

Average yield accepted

5.20 PCT

Highest yield accepted

5.20 PCT

Pro rata ratio

Average tender yield

5.21 PCT

About 74 PCT

HK$3,370 MN

HK$500 MN

5.77 PCT

5.77 PCT

About 90 PCT

5.79 PCT