FRIDAY, NOVEMBER 30, 1984
+
+THIS IS A VERY IMPORTANT DEBATE FOR HONG KONG, AND I AM VERY PLEASED THAT THE UMELCO DELEGATION WILL BE THERE, AND I SHALL BE THERE. TO ENSURE THAT MEMBERS OF PARLIAMENT - BOTH HOUSES OF PARLIAMENT -- WILL BE ABLE TO HAVE A FULL UNDERSTANDING OF THE FEARS AND THE CONCERNS, AND WHAT THE PEOPLE OF HONG KONG THINK ABOUT THE AGREEMENT.
+I AM VERY GLAD THE ASSESSMENT OFFICE REPORT HAS SHOWN THAT IT IS GENERALLY ACCEPTABLE. I AM SURE THAT WOULD BE IMPORTANT FOR MEMBERS OF PARLIAMENT, BUT WE CAN ADD ANY OTHER ADDITIONAL POINTS THAT THEY WANT TO COVER.
+SO I WILL NOW GET ON THE AIRCRAFT AND LEAVE THE UMELCO DELEGATION -- THEY ARE JUST BEHIND US TO COME AND MAKE A
STATEMENT TO YOU.
+SEE YOU WHEN I GET BACK.+
ALSO LEAVING ON THE SAME FLIGHT FOR LONDON WERE 10 MEMBERS OF UMELCO.
OCTOBER MONETARY STATISTICS RELEASED
******
TOTAL HONG KONG DOLLAR DEPOSITS WITH FINANCIAL INSTITUTIONS INCREASED FURTHER IN OCTOBER, ACCORDING TO MONETARY STATISTICS PUBLISHED TODAY. TOTAL FOREIGN CURRENCY DEPOSITS ALSO INCREASED, AT MUCH THE SAME RATE AS HONG KONG DOLLAR DEPOSITS, DESPITE A SUBSTANTIAL FALL IN SUCH DEPOSITS PLACED ON DEMAND WITH BANKS. REFLECTING THESE CHANGES. THE HONG KONG DOLLAR COMPONENTS OF THE MONEY SUPPLY CONTINUED TO RISE ON ALL DEFINITIONS. THE TOTAL MONEY SUPPLY ON THE TWO BROADER DEFINITIONS ALSO INCREASED; BUT, AFFECTED BY THE FALL IN FOREIGN CURRENCY DEMAND DEPOSITS, TOTAL MONEY SUPPLY ON THE NARROW DEFINITION REGISTERED A SMALL DECREASE.
DEMAND FOR LOANS REMAINED GENERALLY WEAK. FINANCE VISIBLE TRADE CONTINUED TO FALL, OTHER HONG KONG SHOWED ONLY A SMALL INCREASE.
WHILE LOANS TO LOANS FOR USE IN
/DEPOSITS