HONG KONG TELEGRAM NO. U/N TO COMMONWEALTH OFFICE (D.T.D.)
2.
Although imports declined substantially in September actual value was three point seven percent higher than in August reflecting improved imports from China in second half of September.
In first nine months of this year value of exports was fourteen point five percent higher re-exports twenty one point three percent higher and imports two point nine percent higher than for same period in nineteen sixty six.
131900 SITREP TWO. Colonys accounts for month of August show a deficit of twentysix point sixty five million dollars. In same month last year deficit was thirteen point two million dollars.
Total deficit from April to August is still below that for the same period in nineteen sixty six being fifty three point eight million dollars compared with fifty seven point three million dollars a year ago. This does not (repeat not) take account of special expenditure arising from recent disturbances which amounted to nineteen million dollars by end of August.
Expenditure in August was one hundred sixteen point six million dollars compared with one hundred seventeen point two million last year. Revenue was however lower at ninety million dollars compared with one hundred four million dollars in nineteen sixty six.
Land sales amount to five million dollars less than in same period last year when several large transactions were credited during month; while internal revenue is down by six point five million dollars partly because of a reduction in yield of estate duty (which cannot of course ever be estimated with any accuracy) and some shortfall in stamp duty.
Mr. Ngan Shing Kwan Managing Director of China motor bus company last night assured public that they need not (repeat not) worry over bus situation.
Speaking to reporters after talks with union officials over bus crews grievances he said "we shall do our best, everything possible to put as many buses on road to build up our equipment and to train drivers" . Minister of State for Commonwealth Affairs Lord Shepherd said on arrival in Hong Kong on eight day visit "Hong Kong receives many visitors. They come from many countries. They admire tremendous vitality and industry of its people. How can there be any doubt about this? evidence is all around to be
But despite tremendous achievements of Hong Kong there is still much to be done. Hong Kong is poised for further achievements.
seen.
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