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THURSDAY, NOVEMBER 24, 1988
DEPOSIT-TAKING COMPANY REGISTRATION REVOKED
THE COMMISSIONER OF BANKING ANNOUNCED THAT THE REGISTRATION UNIVEST FINANCE (HONG KONG) LIMITED AS A DEPOSIT-TAKING COMPANY BEEN REVOKED AT THE CLOSE OF BUSINESS ON NOVEMBER 23, 1988 AT ITS REQUEST UNDER SECTION 31(2) OF THE BANKING ORDINANCE.
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CONSUMER PRICE INDEXES FOR OCTOBER 1988
THE CENSUS AND STATISTICS DEPARTMENT TODAY (THURSDAY} PUBLISHED THE CONSUMER PRICE INDEXES FOR OCTOBER 1988.
1988
THE CPI(A) AND CPI(B) (OCT. 84/SEP. 85 = 100) FOR OCTOBER WERE 120.0 AND 119.9 RESPECTIVELY, REPRESENTING INCREASES OF 7.6 PER CENT AND 7.5 PER CENT RESPECTIVELY OVER OCTOBER 1987.
COMPARED WITH SEPTEMBER 1988 AND BEARING IN MIND THAT THIS COMPARISON MAY BE AFFECTED BY SEASONAL FACTORS, THE CPI(A) DECREASED BY 0.4 PER CENT AND THE CPI(B) BY 0.1 PER CENT.
THE AVERAGE CPI(A) AND AVERAGE CII (R) FOR THE 12 MONTHS ENDED OCTOBER 1988, AT 116.0 AND 116.1 RESPECTIVELY, WERE 7.3 PER CENT AND 7.1 PER CENT RESPECTIVELY HIGHER THAN THE AVERAGE FOR THE 12 MONTHS ENDED OCTOBER 1987.
DURING THE THREE-MONTH PERIOD ENDED OCTOBER SEASONALLY ADJUSTED CPI(A) AND CPI(B) BOTH INCREASED AT RATE OF 0.6 PER CENT PER MONTH.
1988, THE AN AVERAGE
THE CPI(A) AND THE (PI(B) ARE BASED ON THE EXPENDITURE PATTERNS OF 50 PER CENT AND 30 PER CENT. RESPECTIVELY, OF URBAN HOUSEHOLDS IN HONG KONG, WHICH WERE DERIVED FROM THE 1984/85 HOUSEHOLD EXPENDITURE SURVEY.
THE CPI(A) REFERS TO HOUSKHOLDS SPENDING BETWEEN $2,000 AND $6,499 A MONTH AT THAT TIME AND THE CPT(B) BETWEEN $6,500 AND $9,999 A MONTH.
CHANGES IN THE INDEXES FOR OCTOBER 1988 IN RESPECT OF THE NINE COMMODITY/SERVICE SECTIONS IN THE TWO CONSUMER PRICE INDEXES, AS COMPARED WITH SEPTEMBER 1988 AND OCTOBER 1987, ARE GIVEN BELOW.
/(OCTOBER 1984