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Privato Balancos
Those comprise balancos hold with all banks and hire purchase companios
in the United Kingdom by banks, companios and persons domicilod in Hong Kong.
A division by catogory of holdor is not availablo. At the end of Juno ncarly
four-fifths of thoso balancos wore in the form of deposits. Throo-quarters
of total balancos wore hold with the United Kingdom officos of the throo
noto-issuing banks (Hong Kong and Shanghai, Chartered and Morcantilo).
romaining balancos wore fairly widely spread amongst othor banks in tho
United Kingdom including the London offices of foreign banks.
Recent Movements
Tho
Total cross balancos increased during the first four months of 1967.
Although there was little change in the total in May, official balancos
roso sharply at the oxponso of privato balancos as a rosult of a rise in the
currency issuo. In June tho total foll by £13 million, of which
£8 million was in official belancos and £5 million in privato balancos.
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