XN000022-1989-05-01 — Page 4

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MONDAY, MAY 1, 1989

HKSM3

DURING THE 12 MONTHS ENDING MARCH 1989, HK$M1, HK$M2 AND

RESPECTIVELY. GREW BY 10.4 PER CENT. 13.4 PER CENT AND 14.3 PER CENT

PER CENT ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, HKSM GREW BY 1

WITH A COMPARED WHILE HK SM3 ROSE BY 1.1 PER CENT IN MARCH. EARLIER,

PER CENT.

THEIR CORRESPONDING GROWTH RATES WERE 20.8 PER CENT

YEAR

AND 21

PER

AND M3 TOTAL M1 FELL BY 4.1 PER CENT IN MARCH WHILE TOTAL M2

THEIR CORRESPONDING GREW BY 1.9 PER CENT AND 2 PER CENT RESPECTIVELY. GROWTH RATES IN FEBRUARY WERE -3.9 PER CENT,0.1 PER CENT AND 0.3 CENT. OVER THE YEAR, TOTAL M1 GREW BY 10.6 PER CENT, TOTAL M2 BY PER CENT AND TOTAL M3 BY 24.8 PER CENT.

LOANS AND ADVANCES

25.2

TOTAL

BY AUTHORISED LOANS AND ADVANCES EXTENDED OUTSTANDING INSTITUTIONS GREW BY 5 PER CENT IN MARCH, COMPARED WITH INCREASES OF FEBRUARY RESPECTIVELY. 1.9 PER CENT AND 5.7 PER CENT IN JANUARY AND

KONG IN FOREIGN

OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG DOLLARS GREW BY 5.3 PER CENT WHILE THOSE DENOMINATED CURRENCIES GREW BY 4.8 PER CENT.

2.2 PER

A

BY

LOANS ΤΟ FINANCE VISIBLE TRADE OF HONG KONG GREW BY CENT IN MARCH, FOLLOWING AN INCREASE OF 2.1 PER CENT IN JANUARY AND FALL OF 2.2 PER CENT IN FEBRUARY. OVER THE YEAR, THESE LOANS GREW 27.9 PER CENT.

MARCH JANUARY

OTHER LOANS FOR USE IN HONG KONG GREW BY 3.9 PER CENT IN COMPARED WITH INCREASES OF 3.5 PER CENT AND 3.7 PER CENT IN AND FEBRUARY RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 39.6 PER CENT.

BY 4.3

IN

BY

KONG LOANS

INCREASED

7.5 PER CENT FOR USE OUTSIDE HONG

PER CENT IN MARCH, AFTER INCREASES OF 0.9 PER CENT AND JANUARY AND FEBRUARY RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW 39.3 PER CENT.

IN

EXTENDED TO THE FIRST QUARTER OF 1989, LOANS AND ADVANCES

INCREASE OF THE MANUFACTURING SECTOR ROSE BY 11.6 PER CENT AFTER AN

YEAR, THESE LOANS GREW 4.5 PER CENT IN THE PREVIOUS QUARTER. OVER THE BY 36.9 PER CENT.

PER LOANS TO THE WHOLESALE AND RETAIL TRADES INCREASED BY 9.5

CENT IN THE CENT THIS QUARTER, FOLLOWING AN INCREASE OF 15.8 PER

47.9 PER FOURTH QUARTER OF 1988. OVER THE YEAR, THESE LOANS GREW BY CENT.

/LOANS TO