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The level of fines and length of imprisonment for offences under the Ordinance will also be raised. In addition, the requirement that a person be 21 years old for registration will be removed.
The Bill has the support of the Midwives Board. It will be introduced into the Legislative Council on February 19.
End
Monetary statistics for December 1996 released
According to statistics published today (Friday) by the Hong Kong Monetary Authority, both deposits and loans and advances decreased slightly during December 1996.
Figures for December 1996 and comparisons with earlier months are summarised in Table 1.
Deposits
Total deposits fell by 1.1% in December 1996, reversing the rise of 3.6% in November. This resulted from decreases in both HK$ deposits and foreign currency deposits of 1% and 1.1% respectively.
The decrease in HK$ deposits was led by the decline in time deposits, which outweighed rises in both demand and savings deposits.
Having surged by 6.6% in November due to placements of new share subscription money, time deposits fell by 3.5% in December. On the other hand, savings deposits grew further by 2.5% in December, following a rise of 4.1% in November, while demand deposits reversed the 2.2% drop in November and registered an increase of 8.6% in December.
The growth pattern of deposits in recent months had been affected by the active asset market activities.
The 1.1% fall in foreign currency deposits was due to a decrease of 2.7% in US$ deposits, which more than offset an increase of 0.5% in non-US$ foreign currency deposits. The latter edged up in December after falling for four months in a
row.
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