1
2
MONDAY, APRIL 7, 1986
+THROUGH PROSPEROUS AS WELL AS DIFFICULT TIMES, THIS PARTNERSHIP HAS BROUGHT US PROGRESS AND A CONTINUOUSLY IMPROVING QUALITY OF LIFE.+ SIR EDWARD PAID TRIBUTE TO THE VISION OF THE BANK'S BOARD IN CONCEIVING THE NEW HEADQUARTERS AND ON THE SENSE OF ENTERPRISE AND COMMITMENT TO THE FUTURE OF HONG KONG WHICH THE OCCASION OF THE OPENING CEREMONY SO WELL SYMBOLISED.
SIR EDWARD SAID THE BUILDING ITSELF COMBINED INTERNALLY ADVANCED TECHNOLOGY WITH CONCERN FOR AN ESTHETIC ENVIRONMENT FOR CUSTOMERS AND STAFF ALIKE.
EXTERNALLY COULD BE SEEN A GRAND DESIGN COMBINING THE SKILLS OF TWO PROFESSIONS WHICH HAD CONTRIBUTED SO MUCH TO THE DEVELOPMENT OF HONG KONG THE ARCHITECT AND THE ENGINEER.
THE DESIGN MIGHT BE CONTROVERSIAL, BUT THEN THAT HAD ALWAYS BEEN SO WITH ALL NEW IDEAS, SAID THE GOVERNOR, ADDING THAT THE ARCHITECTS AND ALL THOSE ASSOCIATED WITH THE CONSTRUCTION OF THE BANK BUILDING HAD DONE A FINE JOB.
MONETARY STATISTICS FOR FEBRUARY
****
HONG KONG DOLLAR DEPOSITS SHOWED ALMOST NO GROWTH IN FEBRUARY,
TIME DEPOSITS ACCORDING TO MONETARY STATISTICS PUBLISHED TODAY. INCREASED, BUT THERE WAS A SEASONAL DECREASE IN DEMAND DEPOSITS.
ON THE OTHER HAND, DEPOSITS DENOMINATED IN FOREIGN CURRENCIES CONTINUED TO GROW.
THE FALL IN HONG KONG DOLLAR DEMAND DEPOSITS RESULTED IN A DECREASE IN HONG KONG DOLLAR M1 (THE NARROWEST DEFINITION OF MONEY SUPPLY). HONG KONG DOLLAR M2 AND M3 INCREASED MODERATELY.
LOANS AND ADVANCES INCREASED SLIGHTLY FASTER IN FEBRUARY THAN IN THE PREVIOUS MONTH. LOANS TO FINANCE THE VISIBLE TRADE OF HONG KONG RECORDED A MODERATE INCREASE, AFTER A MARGINAL FALL IN JANUARY OTHER LOANS FOR USE IN HONG KONG ALSO CONTINUED TO RISE.
A TABLE SETTING OUT SUMMARY FIGURES FOR FEBRUARY 1986 AND COMPARISONS WITH EARLIER MONTHS WILL BE SENT BY FACSIMILE AND ALSO BOXED FOR COLLECTION.
/DEPOSITS