XN000022-1979-07-31 — Page 5

TUESDAY, JULY 31, 1979

ANALYSIS OF LOANS AND ADVANCES

LOANS AND ADVANCES IN HONG KONG BY BANKS ROSE IN THE THREE MONTHS TO THE END OF JUNE BY $4,403 MILLION (7.6 PER CENT).

THE QUARTERLY ANALYSIS OF THIS LENDING SHOWS THAT THE SHARPEST INCREASES WERE IN LOANS TO FINANCIAL CONCERNS (INCLUDING DEPOSIT- TAKING COMPANIES) (26.0 PER CENT), TO BUILDING AND CONSTRUCTION (15.5 PER CENT), AND TO THE TRANSPORT AND TRANSPORT EQUIPMENT SECTOR (11.8 PER CENT).

LOANS FOR THE PURCHASE OF RESIDENTIAL PROPERTY ROSE BY 9.1 PER CENT. BUT LENDING TO INDIVIDUALS FOR OTHER PRIVATE PURPOSES FELL BY 9.5 PER CENT.

LOANS TO MANUFACTURING INDUSTRY DECLINED BY 1.5 PER CENT, AND TO THE TEXTILE INDUSTRY ALONE LOANS FELL BY 5.8 PER CENT.

LENDING IN HONG KONG BY DEPOSIT-TAKING COMPANIES ROSE BY $578 MILLION (5.6 PER CENT) IN THE QUARTER.

LOANS TO BUILDING AND CONSTRUCTION ROSE BY 16.4 PER CENT, TO THE TRANSPORT AND TRANSPORT EQUIPMENT SECTOR BY 15.5 PER CENT AND TO GENERAL COMMERCE BY 14.1 PER CENT.

LOANS TO INDUSTRY ROSE BY 5.2 PER CENT, WHILE LENDING TO THE TEXTILE INDUSTRY FELL BY 5.9 PER CENT.

RESIDENTIAL PROPERTY LENDING TO INDIVIDUALS FELL BY 2.9 PER CENT, BUT LOANS TO INDIVIDUALS FOR OTHER PURPOSES WERE 3.9 PER CENT HIGHER.

MONEY SUPPLY