HONG KONG BANKS RAISE PRIME ONE-HALF POINT TO 6.5 PCT

  Hongkong and Shanghai Banking Corp and
  Standard Chartered Bank raised their prime rate one-half point
  to 6.5 pct, effective Tuesday, the Association of Banks said.
      The association said in a statement deposit rates have also
  been increased by 1/4 to 1/2 percentage point.
      The banks last announced an adjustment on February 28 when
  they raised the prime rate by one point to six pct.
      The deposit interest rates are now savings and 24 hours two
  pct, seven-day call, one week and two weeks 2-1/4 pct, one
  month and two months 2-3/4 pct, three and six months 3-1/4 pct,
  nine months 3-1/2 pct and 12 months four pct.
  

