TOP SECRET
Private Balancos
Those comprise balancos hold with all banks and hire purchase companios
in the United Kingdom by banks, companios and porsons domiciled in Hong Kong.
A division by category of holder is not availablo. At the end of Juno nearly
four-fifths of those balancos word in the form of deposits. Throc-quarters
of total balances word hold with the United Kingdom offices of the throo
noto-issuing banks (Hong Kong and Shanghai, Chartered and Horcantilo).
romaining balances wore fairly widely spread amongst othor banks in tho
United Kingdom including the London offices of foreign banks.
Rocont Movoments
Tho
Total cross balancos increased during the first four months of 1967.
Although thoro was little change in the total in May, official balancos
rose sharply at the oxponso of privato balancos as a result of a riso in the
currency issuc. In Juno tho total foll by £13 million, of which
£8 million was in official balancos and £5 million in privato balancos.
TOP SECRET