XN000022-1989-01-31 — Page 11

10

TUESDAY, JANUARY 31, 1989

AS FOR

THE

TWO

OF THE SOCIAL

KONG THE HONG

RED AT THE LOWER KHAI CHUNG THE

COMMONWEALTH YOUTH SERVICE AWARDS SCHEME,

NGAI KWAN YOUTH GROUP PROJECTS CARRIED OUT BY THE WELFARE DEPARTMENT'S TAI PO COMMUNITY CENTRE AND CROSS YOUTH AND WELFARE DEPARTMENT'S TEAM GOVERNMENT SECONDARY SCHOOL WERE CHOSEN TO REPRESENT HONG KONG IN INTERNATIONAL AWARD.

THE TWO PROJECTS WERE "KNOW MORE, LEARN MORE AND ACQUIRE AND "ELDERLY HEALTH PROMOTION CAMPAIGN 88".

SCHEME

SET WAS

UP

THE BY

AWARD THE

COMMONWEALTH PROGRAMME TO COMMEMORATE THE 1985-86 INTERNATIONAL YOUTH YEAR.

MORE"

YOUTH

MADE

IT WAS DESIGNED TO RECOGNISE AND REWARD THE CONTRIBUTION

DEVELOPMENT BY YOUTH TO THE

OF THEIR SOCIETIES THROUGH COMMUNITY AND OTHER PROJECTS OF NATIONAL AND INTERNATIONAL SIGNIFICANCE..

CO-OPERATION AND EXCHANGE IT WAS ALSO AIMED AT FOSTERING IDEAS AND EXPERIENCE AMONG YOUNG PEOPLE OF THE COMMONWEALTH.

OF

MONETARY STATISTICS FOR DECEMBER PUBLISHED

* * * * *

WHILE

HONG KONG DOLLAR DEPOSITS SHOWED NO GROWTH IN DECEMBER FOREIGN CURRENCY DEPOSITS INCREASED SLIGHTLY COMPARED WITH PREVIOUS MONTH, ACCORDING TO STATISTICS PUBLISHED TODAY (TUESDAY) THE MONETARY AFFAIRS BRANCH.

1988

THE

BY

THE GROWTH RATES OF HONG KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS SLOWED DOWN IN DECEMBER COMPARED WITH NOVEMBER.

TOTAL LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS INCREASED LESS RAPIDLY IN DECEMBER THAN IN NOVEMBER, MAINLY ATTRIBUTABLE TO THE SLOWDOWN IN THE GROWTH OF LOANS FOR USE IN HONG KONG AND THOSE FOR USE OFFSHORE.

LOANS TO FINANCE VISIBLE TRADE, ON THE OTHER HAND, ROSE MORE RAPIDLY IN DECEMBER THAN IN NOVEMBER.

TABLE 1 SETS OUT SUMMARY FIGURES FOR DECEMBER 1988 AND COMPARISONS WITH EARLIER MONTHS, AND TABLE 2 PRESENTS FIGURES FROM THE QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG BY SECTOR.

/WPOSITS