XN000022-1996-09-13 — Page 6

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They had obtained a total of 11 first-class passes in the Pitman examinations.

Justice of the Peace, Mr Justein C Wong, who officiated the certificate presentation ceremony, praised the inmates for their diligence and determination in study. He also expressed his appreciation to the professionalism and high degree of responsibility shown by the teachers.

At present, training centres inmates are provided with half-day general education and half-day vocational training. They are encouraged to take part in the open examinations and the results have been very encouraging.

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,893

0930

+267

Closing balance in the account

1,877

1000

+267

Change attributable to:

1100

+267

Money market activity

+274

1200

+274

LAF today

-290

1500

+274

1600

+274

LAF rate 4.00% bid/6.00% offer TWI 124.5 *+0.1* 13.9.96

Hong Kong Monetary Authority

EF notes/MTRC

EF bills

Terms

Yield

Term

Issue

Coupon

Price Yield

1 week

4.93

1 month

4.99

2 years 2808 6.00 3 years 3907 6.80

3 months

5.19

6 months

5.35

5 years 5106 7.23 7 years 7308 7.24

99.55 6.34 100.41 6.75 100.09 7.33

12 months 5.73

5 years

M503

7.35

98.15 99.15

7.73

7.70

Total turnover of EF bills and notes - $9,209 million

Closed September 13, 1996

End