No T-bills The Reserve Bank will not bold a Treasury bin tender this week. Forecasts indicate a net cash withdrawal from the system over the settlement week Septmeber 23 to 29 making a tender unnecessary, the Reserve Bank said. Cash flows to government, which include end of month PAYE collections, are expected to more than offset cash injections from maturing Treasury bills and general government expenditure, but the bank expects to be conducting open market operations as usual, after which the daily cash balance should fluctuate around the $2O million cash target FAI Ins sale Renouf Corp shareholder FAI Insurances has sold its 995 per cent interest in FAI Hospitals, Ltd, for a net $285 million, FAI said. The Investment was no longer suitable from a long-term strategic point of view as its importance to the group had declined. The original investment cost FAI sAust4 million.
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Press, 22 September 1987, Page 38
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146Untitled Press, 22 September 1987, Page 38
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