XN000022-1992-07-31 — Page 4

FRIDAY, JULY 31, 1992

3

GOVT WELCOMES SELECTION OF AIRPORT SITE PREPARATION CONTRACTOR

COMMENTING ON THE PROVISIONAL AIRPORT AUTHORITY'S (PAA) SELECTION OF THE CONTRACTOR FOR THE SITE PREPARATION CONTRACT AT CHEK LAP KOK, A GOVERNMENT SPOKESMAN SAID:

ANNOUNCEMENT THAT IT HAS

"THE GOVERNMENT WELCOMES THE PAA'S SELECTED THE CONTRACTOR FOR THE CHEK LAP KOK SITE PREPARATION CONTRACT.

"THE TENDER PRICE IS WITHIN THE PAA'S COST ESTIMATES FOR THE PROJECT AND THIS ILLUSTRATES THE COST EFFECTIVE PLANNING AND MANAGEMENT OF THE WHOLE OF THE AIRPORT CORE PROGRAMME.

THE

THE SITE

"A SIGNIFICANT MILESTONE HAS NOW BEEN REACHED IN CONSTRUCTION OF THE AIRPORT, AND THE GOVERNMENT WANTS PREPARATION CONTRACT ΤΟ PROCEED AS SOON AS THE PAA'S OVERALL FINANCIAL ARRANGEMENTS ARE FIRMLY IN PLACE."

MONETARY STATISTICS FOR JUNE

PUBLISHED

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS RECORDED STRONG INCREASE DURING JUNE, ACCORDING TO STATISTICS TODAY (FRIDAY) BY THE MONETARY AFFAIRS BRANCH.

A

AND

WITH CONSISTENT

THIS, HONG KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS ROSE DURING THE MONTH. HONG KONG

LOANS

ADVANCES ALSO INCREASED IN JUNE.

DOLLAR

DEPOSITS

HONG KONG DOLLAR DEPOSITS WITH

ADJUSTED TO INCREASES OF

AUTHORISED

IN JUNE FOLLOWING INCLUDE SWAP DEPOSITS, ROSE BY 2.1% 1.9% AND 3.7% IN APRIL AND MAY RESPECTIVELY.

INSTITUTIONS,

THE DEPOSITS

AMONG THESE DEPOSITS, DEMAND DEPOSITS GREW BY 8.7%, UNDER INFLUENCE OF A COUPLE OF SHARE FLOTATION EXERCISES. SAVINGS INCREASED BY 3.7% WHILE TIME DEPOSITS DECREASED BY 0.8%.

TOTAL

HONG KONG DOLLAR DEPOSITS

YEAR-ON-YEAR,

INCREASE OF 20.2%.

FOREIGN CURRENCY

REGISTERED AN

DEPOSITS WITH AUTHORISED

INSTITUTIONS

APRIL

INCREASED BY 0.4% IN JUNE, AFTER INCREASES OF 0.5% AND 1.6% IN AND MAY RESPECTIVELY.

OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS INCREASED BY 3.4% WHILE NON-U.S. DOLLAR DEPOSITS DECREASED BY 1.7%.

/YEAR-ON-YEAR