6

MONDAY, MARCH 2, 1992

THE

MRS CHAN ACKNOWLEDGED THE SIGNIFICANT CONTRIBUTION MADE BY

AND

STAFF AND HIS

OTHER GOVERNMENT CIVIL AVIATION DIRECTOR OF

THE EARLY DEPARTMENTS IN THE DEVELOPMENT OF THE PLAN ESPECIALLY IN PART OF THE STUDY WHEN THE PAA ITSELF WAS BEING ESTABLISHED,

"THERE WILL CONTINUE "MUCH REMAINS TO BE DONE," MRS CHAN SAID. TO BE A NEED FOR CLOSE CO-OPERATION BETWEEN THE GOVERNMENT AND THE PAA DESIGN IN MOVING THE PLAN FROM A CONCEPTUAL LEVEL TO ONE OF DETAILED AND CONSTRUCTION. OUR COMMON OBJECTIVE IS TO DEVELOP

FINANCIALLY WITHIN BUDGET A SAFE, EFFICIENT, ENVIRONMENTALLY ACCEPTABLE NEW AIRPORT.

ON TIME AND VIABLE

AND

MONETARY STATISTICS FOR JANUARY 1992

HONG KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS DURING JANUARY 1992, ACCORDING TO STATISTICS PUBLISHED TODAY BY THE MONETARY AFFAIRS BRANCH.

INCREASED (MONDAY)

APPROACH

REFLECTING THE SEASONAL DEMAND FOR CASH WITH THE OF THE CHINESE NEW YEAR, LEGAL TENDER NOTES AND COINS HELD BY THE NON- HONG HÒNG DOLLAR BANK PUBLIC ROSE SIGNIFICANTLY IN JANUARY WHILE DEPOSITS REGISTERED A DECLINE.

HONG

KONG DOLLAR LOANS AND ADVANCES RECORDED

AN INCREASE

DURING THE MONTH.

LEGAL TENDER NOTES AND COINS

1992,

TENDER NOTES AND INFLUENCED BY SEASONAL FACTORS, LEGAL COINS HELD BY THE NON-BANK PUBLIC ROSE BY 24.2% DURING JANUARY FOLLOWING INCREASES OF 3.2% AND 3.0% DURING NOVEMBER AND DECEMBER 1991 RESPECTIVELY.

(HOWEVER,

BY INCREASED COMPARED WITH A YEAR EARLIER, THEY THIS YEAR-ON-YEAR COMPARISON WAS AFFECTED BY THE TIMING OF THE CHINESE NEW YEAR.}

39.0%. DIFFERENT

DEPOSITS

KONG DOLLAR DEPOSITS WITH HONG

AUTHORISED INSTITUTIONS,

JANUARY 1992

ADJUSTED TO INCLUDE SWAP DEPOSITS, FELL BY 1.2% DURING FOLLOWING INCREASES OF 2.4% AND 1.2% DURING NOVEMBER AND DECEMBER 1991 RESPECTIVELY.

/AMONG THESE

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