TNAG-0913-FCO40-1123-Policy-on-housing-and-resettlement-in-Hong-Kong-1979 — Page 36

$ million

Estimated amount of Mortgage Required

Amount Committed

by Mortgagees

Deficiency

Phase I

1979

392.6

1980

406,6

392

373

0.6 33.6

799,2

765

34.2

Phase II

1980

170.8

1981

449.6

368.5

170.8 81.1

620.4

368.5

251.9

Phase III 1981

1982

89.8 941.6

307

89.8 634.6

1031.4

307

724.4

2451.0

1440.5

1010.5

=

Reasons for the Shortfall

5

There are several reasons for the disappointing response from banks and deposit-taking companies to the Government's invitation:

(i)

Availability of Resources

The proportion of total deposits which are held by the larger local banks has fallen considerably

over the past year, so that they no longer have as

much resources available for this purpose.

CONFIDENTIAL

機密