2+
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(2) The estimates given by Dr Y. C. Jao are much
higher, taking the financial year 1980-81 as an example, per capita expenditure of Hong Kong residents in China is put at HK$1,244 (US$250), thus making a total of HK$4,736 million
(US$951.8 million). Both estimates made by C & 、 SD and Dr Jao respectively had left out those
Hong Kong residents who went to China via
Macao. However, it may be argued that the inclusion of these trips would not make significant difference to the estimates because
most of these trips are short and hence per
capita expenditure should not be high.
(3) According to Dr Jao's estimate, customers'
deposits with CSCBS was in the region of US$17.7
billion around the end of 1980. More exact and
more up-to-date information can be obtained from
the Banking Commissioners' Office. However, the
Banking Ordinance forbids the disclosure of such
information excepts to the Financial Secretary
and the Secretary for Monetary Affairs.
CONFIDENTIAL # #