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The history of the Hong Kong Chinese soldiers with the Army began in the 1880s when locals were employed by the Royal Engineers in building barracks and defence works.

Members of the Hong Kong Chinese Regiment fought against the Japanese in 1941 and in 1948 the Hong Kong Chinese Training Unit was formed. This later became the Hong Kong Military Service Corps in 1962, a change in both name and organisation which offered local soldiers the opportunity to pursue a full career in the Army.

Today there are 500 Hong Kong Chinese officers and soldiers serving throughout the Garrison in a wide variety of roles and employments.

Sadly the Corps will disband on March 31, 1997 as part of the Garrison's drawdown prior to the transfer of sovereignty but its reputation for loyal service and excellence will live on.

End

Hong Kong Monetary Authority interbank liquidity

AGGREGATE

BALANCE OF

SETTLEMENT

TIME

ACCOUNTS

OPENING AGGREGATE BALANCE 804 MN

0930 HR

27580 MN

CLOSING AGGREGATE BALANCE

1243 MN

1000 HR

28200 MN

CHANGE ATTRIBUTABLE TO :

1100 HR

42993 MN

MONEY MARKET ACTIVITY

+13414 MN

1200 HR

49205 MN

LAF REVERSAL

LAF TODAY

+8 MN -12983 MN

1500 HR

52738 MN

1600 HR

51329 MN

LAF RATE 4.00% BID/6.00% OFFER TWI 124.8 *-0.1* 12.12.96