THURSDAY, MARCH 11, 1982
BALANCE SHEET RATIOS
THE AVERAGE LIQUIDITY RATIO (AS DEFINED IN S. 18 OF THE BANKING ORDINANCE) FOR ALL BANKS IN HONG KONG FELL IN JANUARY TO 54.2 PER CENT FROM 55.5 PER CENT IN DECEMBER. THE RATIO OF THEIR LOANS FOR USE IN HONG KONG TO THEIR DEPOSITS ROSE TO 100.0 PER CENT AT THE END OF JANUARY FROM 99.0 PER CENT AT THE END OF DECEMBER.
THE AVERAGE LIQUIDITY RATIO (AS DEFINED IN S. 24A OF THE DEPOSIT-TAKING COMPANIES ORDINANCE) FOR ALL DEPOSIT-TAKING COMPANIES ROSE TO 46.5 PER CENT IN JANUARY FROM 46.0 PER CENT IN DECEMBER. THE RATIO OF THE IR LOANS FOR USE IN HONG KONG TO THE IR DEPOSITS ROSE TO 69.0 PER CENT AT THE END OF JANUARY FROM 67.7 PER CENT AT THE END OF DECEMBER.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBER OF REPORTING BANKS IN JANUARY REMAINED UNCHANGED AT
THE NUMBER OF REPORTING DEPOSIT-TAKING COMPANIES INCREASED BY 1 TO 351.
121.
VALUE OF DISTRICT BOARDS STRESSED
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THE EFFECTIVENESS OF DISTRICT BOARDS DEPENDED VERY MUCH ON THE ABILITY OF THE UNOFFICIAL MEMBERS TO RAISE USEFUL AND CONSTRUCTIVE SUGGESTIONS AND THE DETERMINATION OF THE VARIOUS GOVERNMENT DEPARTMENTS TO RESPOND TO THEM, THE ISLANDS DISTRICT OFFICER, MR RICKY FUNG, SAID TODAY (THURSDAY) IN A LUNCHEON SPEECH TO THE LIONS CLUB OF BRAEMAR HILL.
HE SAID IT WAS EVIDENT THAT THE DISTRICT BOARD WAS A GOOD FORUM FOR AIRING OF THE RESIDENTS' ASPIRATIONS AND NEEDS AND FOR IMPROVEMENTS AND REMEDIES TO BE MADE PROMPTLY.
NOW THAT ELECTED MEMBERS WERE ADDED TO THE DISTRICT BOARDS, REPRESENTATION WAS STRENGTHENED AND A GREATER DEGREE OF EFFECTIVENESS WAS EXPECTED.
HE DESCRIBED LAST WEEK'S NEW TERRITORIES DISTRICT BOARD ELECTIONS AS +MOST ENCOURAGING+, AS THE TURNOUT OF VOTERS IN ALL DISTRICTS EXCEEDED THE PRE-ELECTION EXPECTATION OF 30 PER CENT.
MR FUNG OUTLINED THE STRUCTURE OF THE NEW ISLANDS DISTRICT BOARD, INCLUDING THE SIX MEMBERS ELECTED LAST WEEK, WHICH WILL BEGIN FUNCTIONING NEXT MONTH, AND REVIEWED ITS PERFORMANCE IN THE CURRENT FINANCIAL YEAR.
DURING THE YEAR, HE SAID THE GOVERNMENT HAD SOLICITED THE VIEWS OF THE BOARD ON A NUMBER OF PROPOSED POLICIES AND MEASURES, AMENDMENTS TO EXISTING LEGISLATION, PROVISION AND IMPROVEMENT OF VARIOUS FACILITIES AND SERVICES IN THE DISTRICT, AND NAMING OF STREETS.
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