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10.
If they wish to continue to stay in Hong Kong, they will have to apply for extension of stay within four weeks prior to the expiry of their limit of stay. Their applications will then be assessed in accordance with the same immigration policy applicable to other foreign nationals.
Applications for visas to work, study or settle in Hong Kong may be submitted by post directly to the British Citizens Unit, Immigration Department, Immigration Tower, 7 Gloucester Road, Wan Chai, Hong Kong by the applicants themselves, or through their sponsors in Hong Kong.
Revised information pamphlets on these changes can be obtained from the Immigration Department from April 1. Enquiries can also be made by telephone to the Department's hotline (tel no. 2824 4055) or fax to 2598 8388, or through E-mail at [email protected].
End
Monetary statistics for February 1997
According to statistics published today (Thursday, 27 March) by the Hong Kong Monetary Authority, both deposits and loans and advances increased during February 1997. Table 1 summarizes figures for February 1997 and comparisons with earlier months.
Deposits
Total deposits rose by 2.8% in February, following an increase of 1.4% in January. Both HK$ and foreign currency deposits grew at a faster pace than in the previous month, rising by 3.6% and 1.7% respectively.
The growth of HK$ deposits was entirely attributable to the marked rise in time deposits, which more than offset the fall in demand and savings deposits. Time deposits surged by 6.7% in February, having risen by 2.4% in January. In contrast, demand deposits fell significantly by 7.7% in February, reversing a 11.4% growth in the previous month, and savings deposits declined slightly by 0.1%, following a 1.2% fall in January. The strong growth in time deposits was partly contributed by placements of share subscription monies in the form of time deposits before the refund dates, while the decline of demand deposits reflected a reversal of previous month's seasonal rise in transaction demand for money after the Chinese New Year holidays.