XN000022-1977-11-02 — Page 5

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WEDNESDAY, NOVEMBER 2, 1977.

NEW DIRECTOR OF BROADCASTING APPOINTED

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THE SECRETARY OF STATE FOR FOREIGN AND COMMONWEALTH AFFAIRS HAS APPROVED THE PROMOTION OF MR. D.J.N. KERR TO SUCCEED

MR. J.B. HAWTHORNE AS DIRECTOR OF BROADCASTING. MR. HAWTHORNE WILL LEAVE THE SERVICE OF THE HONG KONG GOVERNMENT ON RESIGNATION AT THE END OF DECEMBER 1977.

MR. KERR, AGED 45, FIRST JOINED THE HONG KONG GOVERNMENT AS CONTROLLER (TELEVISION) IN JANUARY 1974, ON SECONDMENT FROM THE BRITISH BROADCASTING CORPORATION. HE ACTED AS ASSISTANT DIRECTOR OF BROADCASTING FROM JUNE 1976 TO MARCH 1977 AND HAS BEEN ACTING DEPUTY DIRECTOR SINCE MARCH 1977.

MR. KERR IS MARRIED WITH TWO SONS.

BANKING STATISTICS

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BANKING DEPOSITS AT THE END OF SEPTEMBER, 1977 STOOD AT $49,411 MILLION, COMPRISING $11,910 MILLION IN DEMAND DEPOSITS, $18,063 MILLION IN TIME DEPOSITS AND $19,438 MILLION IN SAVINGS DEPOSITS.

THERE WERE 74 LICENSED BANKS IN HONG KONG AT THE END OF SEPTEMBER.

THE FOLLOWING TABLES RELEASED TODAY BY THE COMMISSIONER OF BANKING GIVE A DETAILED BREAKDOWN OF BANK LIABILITIES AND ASSETS AND MONEY SUPPLY FOR THE MONTH.

LIABILITIES

1. DEPOSITS

2. AMOUNT DUE TO BANKS ABROAD

3. OTHER LIABILITIES

SMILLION

49,411

34,243

10,043

TOTAL LIABILITIES

93,697

/ASSETS