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FRIDAY, DECEMBER 5, 1975.
. GOVERNMENT ACCOUNTS FOR SEPTEMBER
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THE GOVERNMENT ACCOUNTS FOR THE MONTH OF SEPTEMBER 1975 CHOW A DEFICIT OF $85 MILLION, COMPARED WITH A DEFICIT OF $226 MILLION IN SEPTEMBER LAST YEAR.
THIS HAS RESULTED IN AN ACCUMULATED DEFICIT OF $506 MILLION FOR THE FIRST SIX MONTHS OF THIS FINANCIAL YEAR. AT THE SAME TIME LAST YEAR THE DEFICIT WAS $816 MILLION.
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$20 MILLION
TOTAL REVENUE FOR THE MONTH WAS $369 MILLION MORE THAN IN SEPTEMBER 1974, DUE MAINLY TO INCREASED RECEIPTS FROM INTERNAL REVENUE.
EXPENDITURE AT $454 MILLION WAS $121 MILLION LESS THAN THE CORRESPONDING MONTH LAST YEAR, MAINLY BECAUSE OF DECREASED SPENDING ON PUBLIC WORKS PROJECTS. THIS WAS PARTLY DUE TO ADVERSE WEATHER CONDITIONS EARLIER IN THE YEAR AND PARTLY REFLECTING LOWER CONTRACT PRICES RESULTING FROM MORE COMPETITIVE TENDERS.
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SNT TO HOLD PRESS CONFERENCE
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NOTE TO EDITORS:.
THE SECRETARY FOR THE NEW TERRITORIES, MR. DAVID AKERS-JONES, WILL HOLD A PRESS CONFERENCE ON TUESDAY (DÉCEMBER 9) AT THE NEW TERRITORIES ADMINISTRATION HEADQUARTERS, NORTH KOWLOON MAGISTRACY, TAI PO ROAD, AT 10.30 A.M.
MR. AKERS-JONES WILL EXPLAIN THE IMPOSITION OF PROPERTY TAX
ON VILLAGE RESITE HOUSES IN TSUEN WAN.
YOU ARE WELCOME TO COVER THE PRESS CONFERENCE.
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