XN000022-1994-07-20 — Page 9

8

WEDNESDAY, JULY 20, 1994

"HOWEVER, IT HAS BEEN A LONG SLOG RESTORING STABILITY

ΤΟ CONTINUE PROPERTY MARKET. WE THEREFORE URGE BANKS TO

THE HARD EARNED RESULTS," CAUTIOUS LENDING POLICIES TO PROTECT SAID.

ΤΟ THE MAINTAIN

HE

CHINA, WHICH WAS TOTAL

JUNE.

LENDING FOR THE PURCHASE OF PROPERTIES IN MAINLY FOR RESIDENTIAL PROPERTIES, HAS ALSO SLOWED IN LENDING GREW 1.7 PER CENT, FROM $3.9 BILLION TO $4.0 BILLION, COMPARED WITH THE 2.2 PER CENT GROWTH IN MAY

GROSS LOANS MADE IN JUNE FELL BOTH IN NUMBER AND IN AMOUNT (TO $93 MILLION FROM $142 MILLION). ALSO DROPPED IN AMOUNT (TO $197 MILLION FROM $250 NUMBER (TO 335 FROM 567).

(TO 235 FROM 295) NEW LOANS APPROVED MILLION) AND IN

/9