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Friday, January 18, 1974
SAND TO COST MORE
The price of sand purchased from government sand depots has
been increased from $23.50 to $26 per cubic yard, it was announced today.
The new price will be charged for all sand for which payment
is made on or after today (Friday).
Announcing the increase, a Public Works spokesman emphasised that
it was not the government's policy to recover more than the cost of
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buying and selling sand. The increase, he explained, was necessary
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because of a higher rate of compensation payable to the Chinese authorities
now applying to the purchase of sand from China.
He estimated that the effect on building costs would represent
at most an increase of from 0.2 per cent to 0.5 per cent, depending on the
complexity of the building.
The now price will also apply to royalty payments for sand collected
from authorised sites with the exception of the sale and removal of sand
for local village purposes or community works.
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