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WEDNESDAY, NOVEMBER 6, 1974.
PRICE CEILING ON RICE REDUCED
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A MAXIMUM RETAIL PRICE SYSTEM FOR RICE IS TO REMAIN IN FORCE FOR THE TIME BEING TO SAFEGUARD THE CONSUMER, THE COMMERCE AND INDUSTRY DEPARTMENT ANNOUNCED THIS EVENING.
THIS WAS AGREED AT A MEETING OF THE RICE ADVISORY COMMITTEE WHICH WAS CALLED TO CONSIDER THE RICE PRICE STRUCTURE IN THE LIGHT OF LOWER QUOTATIONS FROM HONG KONG'S MAJOR SUPPLIERS, CHINA AND THAILAND,
THE CEILING FOR TOP QUALITY SEE MEW RICE HAS BEEN REDUCED FROM $2.45 TO $2.35 WITH IMMEDIATE EFFECT.
A DC AND I SPOKESMAN COMMENTED: +ACTUAL RETAIL PRICES ARE ALREADY BELOW. THE NEW MAXIMUM PERMITTED LEVEL WHICH INDICATES THAT THE APPLICATION OF A PRICE CEILING SYSTEN MAY NO LONGER BE NECESSARY.
+HOWEVER THE RICE ADVISORY COMMITTEE COMSIDERS THAT IT IS IN THE INTERESTS OF THE CONSUMER TO RETAIN A MAXIMUM RETAIL PRICE AT LEAST UNTIL THE END OF THE YEAR WHEN THE SITUATION WILL BE REVIEWED.+
THE SPOKESMAN ADDED THAT ABUNDANT RICE, SUPPLIES WERE AVAILABLE TO HONG KONG AT LOWER PRICES AS A RESULT OF GOOD HARVESTS IN THE RICE PRODUCING COUNTRIES.
+THIS IS WELCOME NEWS FOR THE HOUSEWIFE,+ HE SAID. +BECAUSE IT MEANS THAT THE RECENT DOWNWARD TREND IN RETAIL RICE PRICES IS BEING SUSTAINED.+
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TRAFFIC ARRANGEMENTS IN KOWLOON ******
MOTORISTS ARE ADVISED THAT THE SECTION. OF HAIPHONG ROAD BETWEEN CANTON ROAD AND HANKOW ROAD, KOWLOON, WILL BE CLOSED TO TRAFFIC BETWEEN 10 PM AND 6 AM FROM TOMORROW (THURSDAY) TO TUESDAY, NOVEMBER 12,
THE CLOSURE IS TO FACILITATE THE LIFTING AND PLACING OF
I BEAMS FOR A BRIDGE ACROSS HAIPHONG ROAD.
APPROPRIATE TRAFFIC SIGNS WILL BE POSTED TO GUIDE MOTORISTS.
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مربية.
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