XN000022-1996-10-02 — Page 10

9.

The 25-year-old Royal military policeman from Shavington, Cheshire, who has served with the Garrison in Hong Kong since April last year, will receive the Queen's Commendation for Bravery from Commander British Forces Major General Bryan Dutton.

The citation in the commendation says Corporal Andrews: "demonstrated exceptional calmness, courage and bravery in arresting three dangerous criminals. His exemplary conduct and dedication to duty in an extremely dangerous and apparently life-threatening situation are most worthy of official recognition."

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

2,257

0930

-97

Closing balance in the account

2,164

1000

-94

Change attributable to:

1100

-97

Money market activity

-93

1200

-97

LAF today

NIL

1500

-97

1600

-93

LAF rate 4.00% bid/6.00% offer TWI 124.8 *+0.2* 2.10.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue Coupon

Price

Yield

1 week

4.98

2 years

2808 6.00

99.96

6.11

1 month

5.05

3 years

3907

6.80

101.01

6.50

3 months

5.18

5 years

6 months 5.30

7 years

12 months 5.60

5109 7.32

7308 7.24 5 years M503 7.35

101.24 7.14

99.43

7.48

100.15

7.44

Total turnover of EF bills and notes - $16,698 million

Closed October 2, 1996

End

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