XN000022-1986-07-04 — Page 4

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FRIDAY, JULY 4, 1986

THE FORMS MAY ALSO BE OBTAINED BY WRITING TO THE INFORMATION OFFICE OF IMMIGRATION DEPARTMENT HEADQUARTERS, 61 MODY ROAD, TSIM SHA TSUI EAST.

APPLICATIONS SHOULD BE SUBMITTED FROM AUGUST 1, 1986 BY THE SPONSORS IN PERSON TO THE ENTRY VISA SECTION OF THE IMMIGRATION DEPARTMENT HEADQUARTERS, 61 MODY ROAD, THIRD FLOOR, TSIM SHA TSUI EAST.

MEMBERS OF THE PUBLIC WHO WISH TO MAKE ENQUIRIES ABOUT THE VISIT OR THE ENTRY SCHEME MAY TELEPHONE THE DEPARTMENT'S INFORMATION OFFICE ON 3-7333126.

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MONETARY STATISTICS FOR MAY 1986

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HONG KONG DOLLAR DEMAND DEPOSITS FELL IN MAY AFTER THE UNUSUAL INCREASE IN APRIL, ACCORDING TO STATISTICS PUBLISHED BY THE MONETARY AFFAIRS BRANCH TODAY. HONG KONG DOLLAR SAVINGS DEPOSITS AND TIME DEPOSITS, HOWEVER, INCREASED. DEPOSITS IN FOREIGN CURRENCIES ALSO CONTINUED TO GROW.

THE FALL IN HONG KONG DOLLAR DEMAND DEPOSITS RESULTED IN A DECREASE IN HONG KONG DOLLAR MONEY SUPPLY AND TOTAL MONEY SUPPLY ON ALL DEFINITIONS.

LOANS AND ADVANCES FELL IN MAY, AGAIN DUE TO THE UNUSUAL INCREASE IN LOANS DENOMINATED IN HONG KONG DOLLARS IN APRIL. LOANS TO FINANCE THE VISIBLE TRADE OF HONG KONG ALSO FELL AFTER INCREASING RAPIDLY IN THE PREVIOUS MONTH.

A STATISTICAL TABLE, WHICH SETS OUT SUMMARY FIGURES FOR MAY 1986 AND COMPARISONS WITH EARLIER MONTHS, WILL BE SENT BY FACSIMILE NETWORK.

DEPOSITS

TOTAL HONG KONG DOLLAR DEPOSITS FELL IN MAY AS DEMAND DEPOSITS FELL BACK FROM THE UNUSUALLY HIGH LEVEL CAUSED BY THE CATHAY PACIFIC ISSUE AT THE END OF APRIL, OFFSETTING THE INCREASE IN HONG KONG DOLLAR SAVINGS AND TIME DEPOSITS OF 5.5 PER CENT AND 0.4 PER CENT RESPECTIVELY DURING THE MONTH,

AT OVER HK$218 BILLION, HONG KONG DOLLAR DEPOSITS AT THE END OF MAY WERE ABOUT THE SAME AS THAT AT THE END OF FEBRUARY AND 7.4 PER CENT HIGHER THAN A YEAR AGO.

/TAKING ACCOUNT