XN000022-1984-02-01 — Page 3

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WEDNESDAY, FEBRUARY 1, 1964

Reflecting these changes, the money supply on

all definitions grew in December, with the Hong Kong

dollar components recording more rapid increases than

the foreign currency components.

With the exception of loans to finance

visible trade of Hong Kong, loans for use in Hong Kong

fell in December.

Table 1 attached sets out summary figures for

December 1983 and comparisons with earlier months.

Table 2 sets out figures from the quarterly analysis

of loans for use in Hong Kong by sector.

Deposits

6.

Hong Kong dollar deposits rose further, by

4.0% in December, following an increase of 6.2% in

November. In the three months to December, that is

the last quarter of 1983, these rose by 14.8%. By

contrast, there had been a net decrease in the first

three quarters of the year, so that for the year as

whole the increase, at 13.3%, was less than that in

the fourth quarter alone. Foreign currency deposits

rose by 2.4% in December, against a decline of 1.2% in

November. In the three months to December, they fell

a

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