XN000022-1989-04-01 — Page 4

SATURDAY, APRIL 1, 1989

CHILD

"THE INSPECTORATE IS RESPONSIBLE FOR THE ENFORCEMENT OF THE CARE CENTRES ORDINANCE AND REGULATIONS AND MAINTAINS A COMPREHENSIVE REGISTRATION AND INSPECTION SYSTEM TO ENSURE THAT ALL REGISTERED CHILD CARE CENTRES ARE OPERATED IN ACCORDANCE WITI! LEGAL REQUIREMENTS, INCLUDING THE PROVISION OF SPACE AND SAFETY STANDARD AND PROGRAMMES," HE SAID.

"THE INSPECTORATE ALSO REGULATES REGISTRATION CHILD CARE WORKERS, AND PROVIDES TRAINING FOR THEM.

CONDITIONS FOR

IN

HAS

"TO ENSURE THE QUALITY OF SERVICES, THE DEPARTMENT, CONJUNCTION WITHI THE HONG KONG COUNCIL OF SOCIAL SERVICE, COMPILED A DAY CARE NURSERY ACTIVITIES BOOKLET WHICH GIVES GUIDELINES ON THE DEVELOPMENT OF CHILDREN AGED BETWEEN TWO AND SIX.

"

MR CHUI PAID TRIBUTE то THE ASSOCIAT LON FOR RENDERING DIVERSIFIED WELFARE SERVICES INCLUDING A NURSERY. SOCIAL SERVICE CENTRE, STUDY CENTRE, AND CENTRE FOR THE ELDERLY SINCE IT WAS UP IN THE 1950'S.

SET

MONETARY STATISTICS FOR FEBRUARY PUBLISHED

BOTH HONG KONG DOLLAR AND FOREIGN CURRENCY DEPOSITS INCREASED IN FEBRUARY COMPARED WITH JANUARY, ACCORDING TO STATISTICS PUBLISHED TODAY (SATURDAY) BY THE MONETARY AFFAIRS BRANCH,

IN PART REFLECTING THE DECLINE IN CASH HOLDING AFTER THE LUNAR NEW YEAR, THE NARROWEST DEFINITION OF MONEY SUPPLY, HKSM1, RECORDED A SUBSTANTIAL FALL DURING FEBRUARY. THE BROADER DEFINITIONS, HK$M2 AND HKSM3, DECREASED SLIGHTLY DURING THE MONTH.

יו

THE GROWTH OF TOTAL LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS PICKED UP DORING FEBRUARY. PARTLY ATTRIBUTABLE

THE ACCELERATION IN THE GROWTH OF OFFSHORE LOANS, OTHER LOANS FOR USE IN HONG KONG ALSO SHOWED A CONSIDERARIF INCREASE WHILE LOANS. то VISIBLE TRADE DECLINED DURING THE MONTH.

FINANCE

THE ACCOMPANYING TABLE SETS OUT SUMMARY FIGURES FOR FEBRUARY 1989 AND COMPARISONS WITH EARLIER MONTHS.

DEPOSITS

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS GREW BY 0.2 PER CENT IN FEBRUARY 1989 FOLLOWING ZERO GROWTH IN DECEMBER 1988 AND AN INCREASE OF 2.3 PER CENT IN JANUARY 1989. OF THESE DEPOSITS, DEMAND AND SAVINGS DEPOSITS DROPPED BY 4.6 PER CENT AND 1.6 PER CENT RESPECTIVELY, WHILE TIME DEPOSITS ROSE BY 2.8 PER CENT. DURING THE MONTHS ENDING FEBRUARY 1989, TOTAL HONG KONG DOLLAR DEPOSITS

12.5 PER CENT.

12

GREW BY

/FOREIGN CURRENCY