XN000022-1992-11-30 — Page 4

MONDAY, NOVEMBER 30, 1992

"IT IS THEREFORE INCUMBENT UPON US TO COME UP WITH SPECIFIC PROPOSALS TO FLESH OUT THESE POINTS, WHAT WE HAVE PROPOSED ARE FULLY CONSISTENT WITH THE BASIC LAW PRINCIPLES OF GRADUAL AND ORDERLY PROGRESS, AND OF OPENNESS AND DEMOCRACY," HE SAID.

ON THE CRITICISM THAT THE PROPOSALS PROSPERITY AND STABILITY, HE SAID AS THE MATURE AND AS THE LEVEL OF SOPHISTICATION BETTER EDUCATION AND IMPROVEMENT

то

NOT CONDUCIVE

BECOMES MORE

WERE COMMUNITY INCREASED

STEP

WITH

NIEYAD

ECONOMIC

FOR

POWER,

IT WAS ONLY OF

A GREATER DEGREE

NATURAL THAT THERE WERE MORE DEMANDS FOR PARTICIPATION IN THE MANAGEMENT OF PUBLIC AFFAIRS.

"NOTHING WILL DO MORE TO DE-STABILISE SOCIETY THAN TO TRY AND BLOCK OFF OR RESIST THE REASONABLE AMBITION OF THE COMMUNITY IN THIS AREA, AND POLITICAL STABILITY IS, AS WE ALL KNOW, ESSENTIAL FOR THE SOCIAL STABILITY AND ECONOMIC PROGRESS THAT ALL OF US DESIRE, SAID.

HE

MONETARY STATISTICS FOR OCTOBER

HONG

KONG

DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS RECORDED A STRONG INCREASE DURING OCTOBER, ACCORDING ΤΟ STATISTICS PUBLISHED TODAY (MONDAY) BY THE MONETARY AFFAIRS BRANCH.

CONSISTENT WITH THIS, THE BROADEST HONG KONG DOLLAR MONEY HONG KONG DOLLAR LOANS AND

SUPPLY, ADVANCES ALSO INCREASED IN OCTOBER.

M3, ROSE DURING THE MONTH.

DEPOSITS

UNDER THE INFLUENCE OF A NUMBER OF SHARE FLOTATION EXERCISES, HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS, ADJUSTED ΤΟ INCLUDE SWAP DEPOSITS, ROSE SHARPLY BY 19.1%

IN OCTOBER FOLLOWING INCREASES OF 1.0% AND 2.8% IN AUGUST AND SEPTEMBER RESPECTIVELY.

MAINLY DUE TO THE SHARE FLOTATION OF THE CHINA TRAVEL INTERNATIONAL INVESTMENT LTD, DEMAND DEPOSITS AND TIME DEPOSITS INCREASED BY 80.0% AND 16.9% RESPECTIVELY WHILE SAVING DEPOSITS DECREASED BY 2.4%. YEAR-ON-YEAR, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 38.9%.

INSTITUTIONS

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INCREASED BY 1.0% IN OCTOBER, AFTER INCREASES OF 1.3% AND 1.5% IN AUGUST AND SEPTEMBER RESPECTIVELY.

OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS INCREASED BY 2.3% WHILE NON-U.S. DOLLAR DEPOSITS RECORDED INSIGNIFICANT CHANGE. YEAR-ON-YEAR, TOTAL FOREIGN CURRENCY DEPOSITS GREW BY 10.2%.

/DURING OCTOBER,