FREE QUOTA SCHEME
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THURSDAY, SEPTEMBER 16, 1976
THESE ARE ARRANGEMENTS UNDER WHICH ANY COMPANY (WHETHER A QUOTA HOLDER OR NOT) CAN APPLY FOR QUOTA THAT HAS NOT BEEN ALLOCATED. ANY COMPANY WHICH OBTAINS QUOTA IN THIS WAY AND USES IT QUALIFIES FOR A QUOTA ALLOCATION AT THE BEGINNING OF THE FOLLOWING YEAR. COMPANIES WHICH ACCEPT +FREE QUOTA+ AND FAIL TO USE IT WILL BE DEBARRED FROM PARTICIPATING IN SUBSEQUENT SCHEMES.
AS A RESULT OF THE MODIFICATIONS PROPOSED THE POOL OF FREE QUOTA WILL BE LARGER IN FUTURE, THOUGH ITS ABSOLUTE SIZE IN EACH RESTRAINT PERIOD WILL CONTINUE TO BE DETERMINED BY THE QUANTITY OF UNALLOCATED QUOTA.
THIS ENLARGEMENT OF THE POOL IS, IN FACT, ONE OF THE MAIN OBJECTIVES OF THE REVISION OF THE SCHEME BECAUSE IT IS THROUGH FREE QUOTA SCHEMES THAT QUOTA ALLOCATIONS ALREADY ARE, AND WILL TO A GREATER EXTENT IN FUTURE BE, SHIFTED ACROSS FROM THOSE WHO NO LONGER MANUFACTURE OR EXPORT THE GOODS CONCERNED TO THOSE WHO DO.
DISSEMINATION OF INFORMATION
INFORMATION ON INDIVIDUAL QUOTA ALLOCATIONS, QUOTA
UTILISATION AND TRANSFERS WILL IN FUTURE BE RELEASED TO THE PUBLIC AT REGULAR INTERVALS FOR QUOTA UTILISATION MONTHLY AND FOR QUOTA HOLDINGS AT THE BEGINNING OF EACH RESTRAINT PERIOD.
SIR PAUL BRYAN TO GIVE PRESS CONFERENCE
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NOTE TO EDITORS:
SIR PAUL BRYAN, CHAIRMAN OF THE ANGLO-HONG KONG PARLIAMENTARY GROUP, WILL GIVE A PRESS CONFERENCE IN THE G.I.S. THEATRE ON THE FIFTH FLOOR OF BEACONSFIELD HOUSE ON SATURDAY (SEPTEMBER 18) AT 10.30 A.M.
YOU ARE CORDIALLY INVITED TO SEND A REPORTER AND/OR PHOTOGRAPHER TO COVER THE CONFERENCE. TELEVISION CREWS ARE ADVISED TO ARRIVE EARLY SO THAT THEY WILL HAVE AMPLE TIME TO SET UP THEIR EQUIPMENT.
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