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TUESDAY, AUGUST 24, 1993
VAST
THE NUMBER OF ILLEGAL IMMIGRANT ARRESTED ROSE BY 40 PER CENT. FROM OVER 25,000 IN 1991 TO OVER 35,000 IN 1992 WITH THE MAJORITY OF THE II'S CAME TO HONG KONG TO SEEK WORK BUT A SIGNIFICANT NUMBER WERE BENT ON CRIMINAL ACTIVITY.
SMALL AND
ON OTHER DEVELOPMENTS, MR LI NOTED THAT A WIDE RANGE OF INITIATIVES TO BETTER EQUIP THE FORCE TO MEET THE EVER-CHANGING NEEDS OF THE LOCAL COMMUNITY WERE ALSO SEEN IN THE PAST YEAR.
THESE INCLUDED THE APPOINTMENT OF A MANAGEMENT CONSULTANT TO REVIEW FORCE MANAGEMENT AND COMMAND STRUCTURE; RESEARCH AND DEVELOPMENT OF INFORMATION TECHNOLOGY AND COMMUNICATIONS SYSTEMS; THE UPGRADING OF ARMS AND AMMUNITION FOR FRONTLINE OFFICERS; AND THE DELIVERY OF NEW COMMAND LAUNCHES AND PATROL VESSELS.
MR LI SAID ANOTHER INITIATIVE TAKEN BY THE FORCE IN THE YEAR WAS THE INTRODUCTION OF ITS FIRST PERFORMANCE PLEDGES, SETTING SERVICE STANDARDS TO THE PUBLIC IN THE SPIRIT OF THE SERVING THE COMMUNITY SCHEME AS ANNOUNCED BY THE GOVERNOR IN OCTOBER.
MR LI SAID THE DEVELOPMENT OF THIS INITIATIVE WOULD CONTINUE WITH THE PROGRESSIVE ESTABLISHMENT OF FURTHER PERFORMANCE PLEDGES AS THE FORCE WAS NOW PROGESSIVELY BEING ADAPTED FROM AN INWARD LOOKING ETHOS TO A CLIENT-BASED SERVICE CULTURE.
RESIDENTIAL MORTGAGE SURVEY RESULTS
RESIDENTIAL MORTGAGE LENDING IN HONG KONG IS CURRENTLY GROWING AT THE FASTEST RATE SINCE THE END OF 1991, ACCORDING TO THE RESULTS OF THE LATEST MONTHLY SURVEY CONDUCTED BY THE HIONG KONG MONETARY AUTHORITY (HKMA).
THE SURVFY COVERS A SAMPLE OF 28 AUTHORISED INSTITUTIONS WHICH TOGETHER ACCOUNT FOR ABOUT 87 PER CENT OF THE TOTAL MORTGAGE LENDING OF THE BANKING SECTOR.
STARTING FROM THIS MONTH, THE HKMA IS GOING TO MAKE PUBLIC THE RESULTS OF THIS MONTHLY SURVEY.
THE LATEST FIGURES SHOWED THAT THE TOTAL AMOUNT OF OUTSTANDING MORTGAGE LENDING BY THE 28 INSTITUTIONS IN THE SURVEY ROSE BY 2.6 PER CENT IN JULY (2.3 PER CENT IN JUNE) FROM $188. 7 RILLION ΤΟ $193.7 BILLION.
"THE LATEST MONTHLY INCREASE IS WELL ABOVE THE AVERAGE OF 1.1 PER CENT FOR THE LAST 12 MONTHS AND IS THE LARGEST MONTHLY INCREASE SINCE THE SURVEY BEGAN IN JANUARY 1992 THE DEPUTY CHIEF EXECUTIVE (BANKING) OF THE HKMA, MR DAVID CARSE, SAID TODAY (TUESDAY).
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