XN000022-1996-10-10 — Page 24

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The following beaches have changed grading on this occasion:

Hairpin, Middle Bay and Tung Wan, Cheung Chau from "2" to "1"; Shek O from "3" to "2"; Silvermine Bay, Casam and Lido from "4" to "3"; Chung Hom Kok and Pui O from "1" to "2"; Silverstrand from "2" to "3"; Old Cafeteria and Golden Beach from "3" to "4".

The changes are within the normal range of fluctuation of the bacteriological water quality of these beaches.

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million (hours)

($million)

Opening balance in the account

2,130

0930

+30

Closing balance in the account

2,212

1000

+30

Change attributable to:

1100

+30

Money market activity

+12

1200

+27

LAF today

+70

1500

+12

1600

+12

LAF rate 4.00% bid/6.00% offer TWI 124.8 *+0.1* 10.10.96

Hong Kong Monetary Authority

EF notes/MTRC

EF bills

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.84

2 years

2808 6.00

100.11

6.02

1 month

4.95

3 years 3907 6.80

101.23

6.41

3 months

5.14

5 years

5109

7.32

101.67

7.03

6 months

5.22

7 years 7308 7.24

99.91

7.39

12 months

5.49

5 years M503 7.35

100.67

7.31

Total turnover of EF bills and notes - $9,391 million

Closed October 10, 1996

End