XN000022-1981-11-07 — Page 4

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SATURDAY, NOVEMBER 7, 1981

THE QUARTERLY ANALYSIS OF LENDING IN HONG KONG BY SECTOR SHOWS THAT IN THE THIRD QUARTER OF 1981 LOANS TO THE MANUFACTURING SECTOR ROSE BY 5.3 PER CENT, AFTER A RISE OF 8.9 PER CENT IN THE SECOND QUARTER. LOANS TO THE BUILDING AND CONSTRUCTION SECTOR EXPANDED BY 9.7 PER CENT, DOWN FROM AN INCREASE OF 16.3 PER CENT IN THE PREVIOUS QUARTER. LOANS TO THE TRANSPORT AND TRANSPORT EQUIPMENT SECTOR FELL BY 7.9 PER CENT IN THE THIRD QUARTER, FOLLOWING AN INCREASE OF 15.6 PER CENT IN THE SECOND QUARTER.

BORROWING BY INDIVIDUALS TO PURCHASE RESIDENTIAL PROPERTY ROSE BY 12.6 PER CENT IN THE THIRD QUARTER, COMPARED WITH A RISE OF 7.9 PER CENT IN THE SECOND QUARTER. BORROWING BY INDIVIDUALS FOR OTHER PURPOSES ROSE BY 10.5 PER CENT IN THE THIRD QUARTER, AFTER INCREASING BY 10.7 PER CENT IN THE PREVIOUS QUARTER.

THE DETAILED FIGURES ARE SET OUT IN THREE TABLES WHICH HAVE BEEN BOXED FOR COLLECTION. TABLE 1 SETS OUT THE DETAILED FIGURES FOR SEPTEMBER 1981, AND FOR EARLIER MONTHS, FROM THE NEW SERIES OF STATISTICS NOW BEING COLLECTED UNDER THE MONETARY STATISTICS ORDINANCE 1980. THE NEW SERIES IS BEING PUBLISHED EACH MONTH. TABLE 2 SETS OUT THE FIGURES FOR SEPTEMBER 1981 FROM THE ORIGINAL SERIES OF MONEY AND BANK ING FIGURES, COLLECTED BY THE COMMISSIONER OF BANKING/COMMISSIONER OF DEPOSIT-TAKING COMPANIES. TABLE 3 SETS OUT SOME SELECTED FIGURES FROM THE QUARTERLY ANALYSIS OF LOANS AND ADVANCES IN HONG KONG BY SECTOR. ALSO ATTACHED IS A NOTE OF DIFFERENT DEFINITIONS OF THE MONEY SUPPLY.

MONEY SUPPLY

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NEW SERIES

THE MONEY SUPPLY ON ALL DEFINITIONS IN THE NEW SERIES ROSE SLIGHTLY IN SEPTEMBER, WITH M3 - TOTAL UP BY 0.9 PER CENT AND HK$M3 UP BY 0.3 PER CENT, AFTER INCREASING BY 3.3 PER CENT AND 2.7 PER CENT RESPECTIVELY IN AUGUST. IN THE THIRD QUARTER M3 TOTAL ROSE BY 0.8 PER CENT, BUT HK$M3 FELL BY 0.4 PER CENT, AS COMPARED TO THEIR RESPECTIVE INCREASES OF 12.5 PER CENT AND 8.5 PER CENT IN THE SECOND QUARTER.

LOANS FOR USE IN HONG KONG - NEW SERIES

LOANS FOR USE IN HONG KONG BY BANKS AND DEPOSIT-TAK ING COMPANIES ROSE IN SEPTEMBER BY 3.5 PER CENT, AFTER A RISE OF 4.5 PER CENT IN AUGUST: LOANS BY BANKS ROSE SLIGHTLY FASTER THAN IN AUGUST, WHILE LOANS BY DEPOSIT-TAKING COMPANIES ROSE BY MUCH LESS THAN IN AUGUST. IN THE THIRD QUARTER LOANS FOR USE IN HONG KONG ROSE BY 6.3 PER CENT, FOLLOWING A 13.4 PER CENT RISE IN THE SECOND QUARTER.

MONEY SUPPLY

ORIGINAL SERIES

THE MONEY SUPPLY ON ALL DEFINITIONS IN THE ORIGINAL SER IES ROSE SLIGHTLY IN SEPTEMBER, WITH M3 UP BY 1.0 PER CENT, COMPARED WITH AN INCREASE OF 3.3 PER CENT IN AUGUST. IN THE THIRD QUARTER M3 ROSE BY 0.8 PER CENT, AFTER A RISE OF 12.6 PER CEN: IN THE SECOND QUARTER.

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