XN000022-1978-06-30 — Page 10

FRIDAY, JUNE 30, 1978

9 -

OBSERVATORY SIGNAL MAST TO BE DISMANTLED

*****

FROM SATURDAY (JULY 1) TROPICAL CYCLONE SIGNALS AND THE STRONG MONSOON SIGNAL WILL NOT BE DISPLAYED ON THE ROYAL OBSERVATORY SIGNAL MAST, AS IT IS SCHEDULED TO BE DISMANTLED,

THE SYMBOLS WILL NO LONGER BE HOISTED DURING THE DAY TIME AND THE NIGHT SIGNAL LIGHTS WILL ALSO BE AFFECTED.

THE TIME SIGNAL WHICH HAS BEEN FLASHED BY THREE WHITE LIGHTS EVERY QUARTER OF AN HOUR WILL ALSO CEASE TO OPERATE, EUT THE 6-PIP TIME SIGNAL WILL STILL BE BROADCAST ON A FREQUENCY OF 95 MEGAHERTZ.

TROPICAL CYCLONE SIGNALS AND THE STRONG MONSOON SIGNAL WILL CONTINUE TO BE DISPLAYED AT THE OTHER 38 STORM SIGNAL STATIONS

IN HONG KONG,

BANKING STATISTICS FOR MAY

******

BANKING DEPOSITS AT THE END OF MAY THIS YEAR STOOD AT $58,574 MILLION COMPRISING $12,632 MILLION IN DEMAND DEPOSITS, $23,138 MILLION IN TIME DEPOSITS AND $22,804 MILLION IN SAVING DEPOSITS, ACCORDING TO STATISTICS RELEASED TODAY BY THE OFFICE OF THE COMMISSIONER OF BANKING.

THE AVERAGE LIQUIDITY DURING THE MONTH WAS 45.01 PER CENT.

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

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

58,574

36,349

11,548

TOTAL LIABILITIES:

106,471

ASSETS

Page 10Page 11