XN000022-1985-01-31 — Page 6

THURSDAY, JANUARY 31, 1985

TOTAL MONEY SUPPLY

TOTAL

TOTAL MONEY SUPPLY ALSO ROSE ON ALL DEFINITIONS. M1 ROSE BY 5.3 PER CENT, TOTAL M2 BY 4.6 PER CENT AND TOTAL M3 BY 3.8 PER CENT, FASTER THAN THE RESPECTIVE GROWTH RATES OF 4.1 PER CENT, 2.2 PER CENT AND 1.6 PER CENT IN NOVEMBER. THE CORRESPONDING GROWTH RATES OVER THE THREE MONTHS TO DECEMBER

TRE 9.6 PER CENT, 10.0 PER CENT AND 7.9 PER CENT, AND OVER THE WELVE MONTHS WERE 19.1 PER CENT, 21.9 PER CENT AND 24.8 PER CENT.

MANS AND ADVANCES

LUAN. ND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING STITUTION CONTINUED TO GROW ONLY SLOWLY, BY 0.3 PER CENT IN CEMBER FOLLOWING 1.0 PER CENT IN NOVEMBER. OVER THE THREE THIS TO DECEMBER, THESE GREW BY 1.8 PER CENT AND OVER THE FIVE MONTHS BY 7.6 PER CENT.

LOANS TO FINANCE VISIBLE TRADE FELL BY 0.7 PER CENT IN DECEMBER, AFTER A MARGINAL INCREASE OF 0.4 PER CENT IN NOVEMBER. HILE THEY FELL BY 1.4 PER CENT OVER THE LATEST THREE MONTHS, THEY WERE STILL 10.1 PER CENT HIGHER OVER THE TWELVE MONTHS. TER LOANS FOR USE IN HONG KONG SHOWED A SMALL INCREASE OF .7 PER CENT FOLLOWING A RELATIVELY STRONGER RISE OF 1.5 PER CENT IN NOVEMBER. IN THE THREE MONTHS TO DECEMBER, THEY ROSE TYDER CENT AND OVER THE TWELVE MONTHS BY 5.7 PER CENT.

QUARTERLY ANALYSIS OF OTHER LOANS FOR USE IN HONG KONG

LOANS AND ADVANCES EXTENDED TO THE MANUFACTURING SECTOR FELL BY 4.5 PER CENT DURING THE FOURTH QUARTER, AGAINST AN INCREASE OF 3.2 PER CENT DURING THE THIRD QUARTER, OVER THE YEAR SUCH LOANS SHOWED A MARGINAL INCREASE OF ONLY 0.7 PER CENT. THE IMPRESSIVE PERFORMANCE OF THE EXTERNAL TRADE SECTOR APPEARS TO HAVE PROVIDED MANUFACTURERS WITH AMPLE LIQUIDITY. LOANS TO THE WHOLESALE AND RETAIL TRADES WERE 10.2 PER CENT HIGHER, IN CONTRAST TO A FALL OF 2.9 PER CENT DURING THE PREVIOUS QUARTER. FOR THE YEAR AS A WHOLE, THE INCREASE WAS 7.5 PER CENT, LOANS TO THE BUILDING AND CONSTRUCTION SECTOR FELL BY 0.7 PER CENT IN THE FOURTH QUARTER, A FOR INCREASING RAPIDLY BY 6.1 P... CENT IN THE THIRD QUARTER. FOR

HE YEAR AS A WHOLE. THERE WAS AN INCREASE OF 2.1 PER CENT. S TO INDIVIDUALS TO PURCHASE RESIDENTIAL PROPERTY OTHER THAN S IN THE HOME OWNERSHIP SCHEME AND PRIVATE SECTOR PARTICIPATION CHEME ROSE FURTHER BY 3.8 PER CENT AFTER AN INCREASE OF 2.3 PER

T DURING THE PREVIOUS QUARTER, OVER THE YEAR THESE INCREASED BY 16.3 PER CENT.

/FC THIGN CURRENCY