XN000022-1979-12-04 — Page 4

DEPOSIT-TAKING COMPANIES

DEPOSITS

LOANS AND ADVANCES

IN HONG KONG

LOAN/DEPOSIT RATIO

3

TUESDAY, DECEMBER 4, 1979

•

22 752

21 422 18 835 (+6.2%) (+20.8%)

12 281

11 964 11 213 (+2.6%)

(+9.5%)

54.0%

55.8%

59.5%

BANKS AND DEPOSIT-TAKING COMPANIES

LOANS AND ADVANCES

IN HONG KONG

70 054 68 526

(+2.2%)

66 103

(+6.0%)

*-

(THE ASTERISK DENOTES THAT FIGURES ARE NOT AVAILABLE EARLIER

THAN DECEMBER 1978).

HK IS DEVELOPING AS A CULTURAL CENTRE

SAYS ACTING GOVERNOR

*****

THE ACTING GOVERNOR, SIR JACK CATER SAID TODAY (TUESDAY) HONG KONG IS DEVELOPING QUITE RAPIDLY AS A CULTURAL CENTRE WITH THE GOVERNMENT, THE URBAN COUNCIL AND VARIOUS GROUPS AND ORGANISATIONS INVOLVED IN IT.

SPEAKING AT THE OPENING OF THE ASIAN YOUTH MUSIC CAMP AT THE WU KWAI SHA YOUTH VILLAGE, SIR JACK SAID: IN PARTICULAR, EFFORTS ARE BEING MADE TO ENCOURAGE THE MAKING OF MUSIC, BOTH CHINESE AND WESTERN, BY OUR YOUNG PEOPLE.+

HE SAID HONG KONG WHOLEHEARTEDLY SUPPORTS THE IDEALS OF THE ASIAN YOUTH MUSIC CAMP MOVEMENT, +NAMELY, CO-OPERATION AMONG YOUNG MUSICIANS AND THE DEVELOPMENT OF MÚSICAL TALENT AMONG YOUNG PEOPLE+ WHICH HE DESCRIBED AS MOST WORTHY.

ALSO SPEAKING AT THE OPENING CEREMONY, THE DIRECTOR OF ASIAN YOUTH MUSIC CAMP, MR. K.C. SIU, SAID FOUR GENERATIONS OF MUSICIANS ARE TAKING PART IN THE CAMP'S ACTIVITIES. THEY ARE THE GRAND MASTERS- THE INSTRUCTORS- THE PARTICIPATING YOUNG MUSICIANS AND THE PRIMARY STUDENTS FROM HONG KONG WHO HAVE TAKEN LESSONS FOR ONE YEAR AND WHO SYMBOLISE ASIA'S HOPE OF CENTURY 21+.

HE POINTED OUT THAT THE COMMON GOAL OF THE MUSIC CAMP IS TO MAKE THE MOVEMENT, WHICH HAS HELPED TO PRODUCE MANY GOOD MUSICIANS IN THE WEST, A REGULAR FEATURE IN ASIA AND THAT FROM

IT WILL COME THE ASIAN MUSIC MASTERS OF THE FUTURE.

THE TWO-WEEK