XN000022-1997-02-27 — Page 33

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At present, the revolving Fund, including accumulated surplus, exceeds $10 million.

In 1996, a total of 440 loans amounting to $27,739,000 were made to farmers through the three loan funds to meet their credit needs.

End

Hong Kong Monetary Authority tender results

Tender date

:

27 February 1997

Paper on offer

:

EF Bills

Issue number

:

Q072

Issue date

:

28 February 1997

Maturity date

:

I April 1997

Amount applied

:

HK$14,545 MN

Amount allotted

:

HK$5,000 MN

Average yield accepted

:

4.97 PCT

Highest yield accepted

5.00 PCT

Pro rata ratio

:

About 27 PCT

Average tender yield

5.03 PCT

End