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SATURDAY, NOVEMBER 7, 1961
+ON THE OTHER HAND,+ MR BRISLEY SAID, THERE ARE OTHER PEOPLE, WHO WHILE VERY WILLING TO SUPPORT SUCH A WORTHWHILE CAUSE MAY HAVE DIFFICULTY IN RAISING A SUITABLE TEAM.
+THE COMMUNITY CHEST IS ACTIVELY TRYING TO PUT THESE TWO TOGETHER SO THAT THE YOUNG PEOPLE DO THE WORK AND ARE SPONSORED BY THOSE WHO PERHAPS CAN MORE EASILY AFFORD TO HELP THE COMMUNITY CHEST'S GOOD CAUSE, HE ADDED.
ACCOMPANIED BY MR BRISLEY AND THE CO-ORDINATOR OF THE CLEAN HONG KONG CAMPAIGN, MR MARTIN LEWIS, LADY MACLEHOSE LATER PRESENTED BANNERS AND GLOVES TO REPRESENTATIVES OF PARTICIPATING ORGANISATIONS TO SIGNIFY THE START OF THE PROJECT.
AFTER THE CEREMONY, 10 PARTICIPATING TEAMS SET OFF TO CLEAN THE FIRST LOT OF THE 51 LOCATIONS SELECTED BY THE COMMITTEE. THESE INCLUDE THE CHUNG HOM KOK BEACH, TAI MO SHAN, VICTORIA PARK, TONG FOOK BEACH AND PO TOI ISLAND.
DURING THE CLEAN FOR CHARITY+ CAMPAIGN, WHICH WILL LAST UNTIL APRIL NEXT YEAR, 40 TEAMS WILL CLEAN THE 51 SITES ON SATURDAYS AND SUNDAYS TO RAISE $300 000 FOR THE COMMUNITY CHEST.
MONEY SUPPLY AND FINANCIAL STATISTICS ****
THE MONEY SUPPLY AND FINANCIAL STATISTICS FOR SEPTEMBER 1981 ARE PUBLISHED TODAY. THEY SHOW SHARP FALLS IN SEPTEMBER IN THE GROWTH RATES OF THE MONEY SUPPLY (M3 AND HK$M3) AND OF LOANS FOR USE IN HONG KONG. THEY ALSO SHOW THAT IN THE THIRD QUARTER OF 1981 THE GROWTH RATES OF THE MONEY SUPPLY AND OF LOANS FOR USE IN HONG KONG WERE VERY SHARPLY REDUCED FROM THE FIRST TWO QUARTERS OF THE YEAR.
IN THE FIRST NINE MONTHS OF 1981 (THE LONGEST PERIOD FOR WHICH THE SERIES IS AVAILABLE) HK$M3 HAS RISEN BY 15.8 PER CENT, EQUIVALENT TO AN ANNUAL RATE OF SOME 22 PER CENT, WHILE LOANS FOR USE IN HONG KONG HAVE RISEN BY 32 PER CENT (AN ANNUAL RATE OF SOME 45 PER CENT). IN THE THIRD QUARTER OF THE YEAR HK$M3 FELL BY 0.4 PER CENT (A FALL OF 1.6 PER CENT A YEAR) WHILE LOANS FOR USE IN HONG KONG ROSE BY 6.3 PER CENT (AN ANNUAL RATE OF SOME 28 PER CENT).
THE QUARTERLY