FRIDAY, JULY → 1980
- 5
THE SPOKESMAN SAID THERE WERE ALREADY CONSTRAINTS ON HUNTING UNDER THE COUNTRY PARKS ORDINANCE WHICH PROHIBITED HUNTING IN ALL COUNTRY PARKS THE WILD ANIMALS PROTECTION ORDINANCE WHICH MADE IT AN OFFENCE TO SHOOT AT ANY WILD ANIMAL WITHIN 100 YARDS OF AN INHABITED HOME OR ROAD THE SUMMARY OFFENCES ORDINANCE WHICH PROHIBITED DISCHARGING A FIREARM WITHIN 200 YARDS OF A DWELLING OR ROAD- AS WELL AS CONSTRAINTS IN AREAS INCLUDED IN TOWN PLANNING LAYOUTS, AREAS WHICH ARE DEVELOPING HIGH RURAL POPULATION DENSITIES AND FRONTIER CLOSED AREAS.
*IN FACT, HE SAID, THERE ARE VERY FEW PLACES LEFT IN HONG KONG WHERE HUNTING CAN LEGALLY BE CARRIED OUT.+
THE SPOKESMAN SAID THAT OF THE PRESENT 446 GAME LICENCE HOLDERS, ONLY ABOUT 150 ACTUALLY WENT HUNTING.
MONEY SUPPLY AND FINANCIAL STATISTICS FOR MAY *****
THE MONEY SUPPLY AND FINANCIAL STATISTICS FOR MAY 1980 ARE PUBLISHED TODAY (FRIDAY).
TOTAL CREDIT TO THE ECONOMY ROSE IN MAY BY VERY MUCH LESS THAN IN APRIL, BUT AN INFLOW OF FUNDS INTO HONG KONG, POSSIBLY ON INTEREST RATE CONSIDERATIONS, CAUSED THE MONEY SUPPLY TO INCREASE IN MAY FASTER THAN IN APRIL.
A SHIFT IN LENDING FROM BANKS TO DEPOSIT-TAKING COMPANIES REFLECTED INTEREST RATE MOVEMENTS DURING THE MONTH.
THE LONGER TERM GROWTH RATES OF TOTAL CREDIT TO THE ECONOMY AND OF THE MONEY SUPPLY WERE VERY MUCH LOWER THAN IN THE PREVIOUS THREE MONTHS (WHICH WERE DISTORTED BY LUNAR NEW YEAR IN MID-FEBRUARY, AND BY OTHER SEASONAL FACTORS),
MONEY SUPPLY
THE MONEY SUPPLY ON THE NARROWEST DEFINITION, M1 (NOTES AND COINS WITH THE PUBLIC, PLUS DEMAND DEPOSITS, OTHER THAN FROM BANKS AND DEPOSIT-TAKING COMPANIES, WITH LICENSED BANKS) ROSE BY 4.5 PER CENT IN MAY, AGAINST A FALL OF 1.3 PER CENT IN APRIL.
THERE WAS A SHARP RISE IN THE VOLUME OF DEMAND DEPOSITS WITH LICENSED BANKS, DESPITE THE CONTINUING HIGH LEVEL OF INTEREST RATES ON SAVINGS ACCOUNTS AND TIME DEPOSITS.
M2 (M1 PLUS SAVINGS AND TIME DEPOSITS, OTHER THAN FROM BANKS AND DTCS, WITH LICENSED BANKS) ROSE BY 5.1 PER CENT IN MAY, WELL UP FROM A 1,1 PER CENT INCREASE IN APRIL,
/M3 (M2 PLUS