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THURSDAY, MAY 30, 1985
LIQUIDITY RATIO
THE AVERAGE LIQUIDITY RATIO (AS DEFINED IN S. 18 OF THE BANKING ORDINANCE) FOR ALL BANKS WAS 49.7 PER CENT, SOMEWHAT BELOW
50.2 PER CENT IN THE PREVIOUS MONTH. THE AVERAGE LIQUIDITY RATIO (AS DEFINED IN S. 24A OF THE DEPOSIT-TAKING COMPANIES ORDINANCE) FOR ALL DEPOSIT-TAKING COMPANIES WAS ALSO LOWER AT 44.7 PER CENT, COMPARED WITH 53.0 PER CENT A MONTH EARLIER.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBER OF REPORTING INSTITUTIONS REMAINED UNCHANGED IN APRIL, WITH 140 LICENSED BANKS, 33 LICENSED DEPOSIT-TAKING COMPANIES, AND 306 REGISTERED DEPOSIT-TAKING COMPANIES.
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JUNK BAY TAKES ANOTHER STEP FORWARD ******
THE NEW TERRITORIES DEVELOPMENT DEPARTMENT HAS AWARDED ANOTHER CONTRACT IN THE CONTINUING DEVELOPMENT PROGRAMME FOR JUNK BAY.
THE $74.7 MILLION CONTRACT IS FOR RECLAMATION AND ROAD CONSTRUCTION AT AP TSAI PENINSULA ON THE NORTHERN SIDE OF JUNK BAY TO PROVIDE LAND AND ACCESS FOR A PUBLIC HOUSING ESTATE.
IT ALSO INCLUDES THE LAYING OF A TRUNK SEWER, PART OF WHICH WILL BE A SUBMARINE PIPE ACROSS HANG HAU BAY. THIS WILL CONNECT TO A SEWER TUNNEL AND A SEWAGE TREATMENT PLANT AT THE SOUTHERN END OF JUNK BAY.
THE CONTRACT WAS SIGNED BY THE JUNK BAY PROJECT MANAGER, MR T.D. ARMOUR, AND THE SENIOR MANAGING DIRECTOR OF AOKI CORPORATION, MR SUNAO HORII.
WORK ON THE PROJECT WILL INVOLVE THE MOVING OF ABOUT 1.8 MILLION CUBIC METRES OF FILLING MATERIAL FROM AP TSAI PENINSULA TO RECLAIM 14 HECTARES OF LAND.
ASSOCIATED WITH THE RECLAMATION WILL BE MAJOR DRAINAGE WORKS INCLUDING 550 METRES OF STORMWATER CULVERT, 1 500 METRES OF TRUNK SEWER, 400 METRES OF WHICH WILL BE A SUBMARINE PIPE.
THERE WILL