XN000022-1978-01-05 — Page 3

1

N

THURSDAY, JANUARY 5, 1978

+THE PROGRAMME CONTAINS DETAILS OF THE COURSES AND RESOURCES AVAILABLE AT THIS INSTITUTE, BUT I AM PARTICULARLY PLEASED TO SEE THAT THE HOTEL AND TOURIST INDUSTRIES ARE BEING PROVIDED FOR. BOTH THESE INDUSTRIES ARE OF GREAT AND GROWING IMPORTANCE FOR HONG KONG.

+ CONGRATULATE ALL THOSE CONCERNED WITH THE PLANNING, CONSTRUCTION AND EQUIPPING OF THIS FINE INSTITUTE. THE PRINCIPAL AND STAFF ARE NOW GIVEN THE TASK OF SEEING THAT THESE RESOURCES ARE FULLY USED FOR THE BENEFIT OF THE COMMUNITY. I WISH THEM SUCCESS IN THIS VALUABLE AND EXCITING VENTURE. I NOW HAVE GREAT PLEASURE IN DECLARING OPEN THE HAKING WONG TECHNICAL INSTITUTE.+

BANKING STATISTICS

****

BANKING DEPOSITS AT THE END OF NOVEMBER LAST YEAR STOOD AT $51,230 MILLION, COMPRISING $12,220 MILLION IN DEMAND DEPOSITS, $18,825 MILLION IN TIME DEPOSITS AND $20,185 MILLION IN SAVINGS DEPOSITS, ACCORDING TO THE STATISTICS RELEASED BY THE OFFICE OF THE COMMISSIONER OF BANKING TODAY.

THE AVERAGE LIQUIDITY DURING THE MONTH WAS 44.84 PER CENT.

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

THE FOLLOWING TABLES 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

$ MILLION

51,230

37,072

11,293

TOTAL LIABILITIES

99,595

ASSETS