XN000022-1984-10-30 — Page 2

TUESDAY, OCTOBER 30, 1984

GOVERNOR TO OPEN SUPREME COURT BUILDING

III

AND LADY YOUDE WILL INAUGURATE THE GOVERNOR, SIR EDWARD YOUDE, THE SUPREME COURT BUILDING AT QUEENSWAY, TOMORROW (WEDNESDAY) AFTERNOON.

SIR EDWARD AND THE CHIEF JUSTICE, SIR DENYS ROBERTS, WILL SPEAK ON THE OCCASION. THEREAFTER, SIR EDWARD WILL UNVEIL A COMMEMORATIVE PLAQUE.

THE GOVERNOR WILL THEN BE TAKEN ON A TOUR OF THE NEW COURT HOUSE.

SEPTEMBER MONETARY STATISTICS RELEASED

****

HONG KONG DOLLAR DEPOSITS CONTINUED TO RISE LAST MONTH, ACCORDING TO THE SEPTEMBER MONETARY STATISTICS PUBLISHED TODAY (TUESDAY).

FOREIGN CURRENCY DEPOSITS, HOWEVER, REGISTERED THE FIRST DECREASE SINCE FEBRUARY THIS YEAR. REFLECTING THIS, THE HONG KONG DOLLAR COMPONENTS OF THE MONEY SUPPLY CONTINUED TO INCREASE ON ALL DEFINITIONS, AND LARGELY ACCOUNTED FOR THE RISE IN THE TOTAL MONEY SUPPLY.

DEMAND FOR LOANS REMAINED WEAK WITH LOANS TO FINANCE VISIBLE TRADE FALLING, AND OTHER LOANS FOR USE IN HONG KONG SHOWING ONLY A MARGINAL INCREASE.

TABLE 1 BELOW SETS OUT SUMMARY FIGURES FOR SEPTEMBER 1984 AND COMPARISONS WITH EARLIER MONTHS. TABLE 2 SETS OUT SOME FIGURES FROM THE QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG BY SECTOR.

DEPOSITS

HONG KONG DOLLAR DEPOSITS CONTINUED TO RISE, BY 1.4 PER CENT

THEY IN SEPTEMBER, FOLLOWING A RISE OF 2.6 PER CENT IN AUGUST. SHOWED AN INCREASE OF 3.0 PER CENT OVER THE THREE MONTHS TO SEPTEMBER, AND 30.2 PER CENT OVER THE 12 MONTHS.

FOREIGN CURRENCY DEPOSITS, HOWEVER, DROPPED BY 0.8 PER CENT. AFTER A SMALL INCREASE OF 0,4 PER CENT IN THE PREVIOUS MONTH. THEY RECORDED AN INCREASE OF 0.7 PER CENT FOR THE THREE MONTHS AND 13.4 PER CENT FOR THE 12 MONTHS TO SEPTEMBER RESPECTIVELY.

/TOTAL DEPOSITS