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THURSDAY, MARCH 27, 1975

H.K. OFFICERS TO STUDY HOUSING MANAGEMENT IN LONDON

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TWO SENIOR OFFICERS OF THE HOUSING DEPARTMENT WILL LEAVE FOR LONDON ON SATURDAY (MARCH 29) TO STUDY THE MANAGEMENT OF PUBLIC HOUSING THERE.

THEY ARE MR. LO CHI-YUEN AND MR. EU CHEN-WAN, BOTH SENIOR HOUSING MANAGERS.

THEY WILL BE ATTACHED TO THE HOUSING MANAGEMENT BRANCH OF THE GREATER LONDON COUNCIL FOR TWO WEEKS AND THE HOUSING DEPARTMENT IN BRISTOL FOR ONE WEEK.

APART FROM HOUSING MANAGEMENT, THEY WILL SEE HOW !BLIC HOUSING AND NEW TOWNS ARE BEING PLANNED.

JANUARY ACCOUNTS SHOW $268 M. SURPLUS ******

HONG KONG'S ACCOUNTS FOR THE MONTH OF JANUARY 1975 SHOW A SURPLUS OF $268 MILLION COMPARED WITH A SURPLUS OF $185 MILLION IN JANUARY LAST YEAR.

THIS HAS REDUCED THE ACCUMULATED DEFICIT TO $405 MILLION FOR THE FIRST TEN MONTHS OF THIS FINANCIAL YEAR COMPARED WITH THE DEFICIT OF $410 MILLION THE FINANCIAL SECRETARY PREDICTED IN HIS BUDGET SPEECH FOR THE FULL YEAR.

TOTAL REVENUE FOR THE MONTH AT $846 MILLION WAS $216 MILLION MORE THAN IN JANUARY 1974. TOTAL EXPENDITURE AT $578 MILLION WAS $133 MILLION MORE THAN THE SAME MONTH LAST YEAR.

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