XN000022-1977-03-28 — Page 8

MONEY SUPPLY

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1. LEGAL TENDER COINS AND NOTES IN

CIRCULATION (A)

MONDAY, MARCH 28, 1977

$MILLION

(1) COMMERCIAL BANK ISSUES (11) GOVERNMENT ISSUES

5,386 558

5,944

2. LICENSED BANKS' HOLDINGS OF LEGAL TENDER COINS

AND NOTES (B)

1,104

3. LEGAL TENDER COINS AND NOTES IN HANDS OF

NON-BANK PUBLIC (A) - (B) - C

4,840

4. DEMAND DEPOSITS WITH LICENSED BANKS (D

11,274

5. MONEY SUPPLY (DEFINITION 1) (C) + (D) = (E)

16,114

6. TIME DEPOSITS WITH LICENSED BANKS (F)

17,490

7. SAVINGS DEPOSITS WITH LICENSED BANKS (G)

16,583

8. MONEY SUPPLY (DEFINITION 2)

(E) + (F) + (G) = (H)

50,187

BUDGET DEBATE RESUMES ON WEDNESDAY

******

THE BUDGET DEBATE WILL BE RESUMED IN THE LEGISLATIVE COUNCIL ON WEDNESDAY (MARCH 30) WHEN SEVEN UNOFFICIAL MEMBERS WILL SPEAK ON THE BUDGET PROPOSALS.

THE DEBATE WILL BE CONTINUED ON THURSDAY WITH EIGHT MORE UNOFFICIALS SPEAKING.

SPEAKERS ON WEDNESDAY WILL BE THE HON. Q.W. LEE, THE HON. ROGER LOBO, THE HON. JAMES WU, THE HON. HILTON CHEONG-LEEN, THE HON. LI FOOK-WO, THE HON. JOHN BREMRIDGE AND DR. THE HON. HARRY FANG.

ON THURSDAY THE UNOFFICIAL SPEAKERS WILL BE THE HON. KO SIU-WAH, THE HON. FRANCIS TIEN, THE HON. S. L. CHEN, THE HON, LYDIA DUNN, DR. THE HON. HENRY HU, REV. THE HON. PATRICK MCGOVERN, THE HON. WONG LAM AND DR. THE HON. S.Y. CHUNG. BEFORE THE START OF THE DEBATE, THE HON. T.S. LO WILL ASK THE GOVERNMENT IF IT IS YET IN A POSITION TO MAKE A STATEMENT ABOUT THE DEATH OF MRS. PONG CHEUNG SHING-HA WHICH OCCURRED IN QUEEN MARY HOSPITAL IN JULY LAST YEAR.

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