FRIDAY, SEPTEMBER 17, 1976
GOVERNMENT ACCOUNTS FOR JUNE 1976
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THE HONG KONG GOVERNMENT ACCOUNTS FOR THE MONTH OF JUNE 1976 SHOW A DEFICIT OF $181 MILLION COMPARED WITH A DEFICIT OF $146 MILLION IN JUNE LAST YEAR.
THIS HAS RESULTED IN AN ACCUMULATED DEFICIT OF $54 MILLION FOR THE FIRST THREE MONTHS OF THIS FINANCIAL YEAR, COMPARED WITH A DEFICIT OF $224 MILLION FOR THE SAME PERIÓD LAST YEAR.
GROSS EXPENDITURE AT $554 MILLION WAS $78 MILLION MORE THAN IN JUNE 1975. THE INCREASED EXPENDITURE INCLUDED SOME $58 MILLION FOR SALARY ADJUSTMENTS FOR THE CIVIL SERVICE EFFECTIVE FROM APRIL 1 THIS YEAR.
TOTAL REVENUE AND RECEIPTS AT $374 MILLION FOR THE MONTH WAS $44 MILLION MORE THAN IN JUNE 1975, DUE MAINLY TO INCREASED RECEIPTS FROM DUTIES, RATES, MOTOR VEHICLE TAXES, LICENCES AND LAND SALES.
SIR PAUL BRYAN SEES PROGRESS IN TSUEN WAN ******
SIR PAUL BRYAN, CHAIRMAN OF THE ANGLO-HONG KONG PARLIAMENTARY GROUP, TODAY TOOK AN ELEVATED VIEW OF ONE OF THE FASTEST-GROWING DEVELOPMENT AREAS IN THE NEW TERRITORIES - TSUEN WAN NEW TOWN.
SIR PAUL AND LADY BRYAN WENT TO THE LAI KING HEADLAND WHICH COMMANDS A SWEEPING VIEW OF THE MAJOR INDUSTRIAL AND HOUSING PROJECTS SPRINGING UP IN THE AREA.
THEY WERE ACCOMPANIED BY TSUEN WAN DISTRICT OFFICER, MR. JAMES HAYES, AND PUBLIC WORKS DEPARTMENT'S PROJECT MANAGER, MR. F.E. SHORT, WHO GAVE A BRIEFING ON PROGRESS ACHIEVED SO FAR AND FUTURE PLANS FOR THE NEW TOWN WHICH WILL HAVE A POPULATION OF 900,000 BY 1983.
THE TWO OFFICERS ALSO EXPLAINED INDUSTRIAL AND RESIDENTIAL PLANS FOR TSING YI ISLAND, WHERE HONG KONG UNITED DOCKYARD IS TO CONSTRUCT A $250 MILLION SHIPYARD.
SIR PAUL AND LADY BRYAN CONCLUDED THE IR INSPECTION TOUR WITH
A VISIT TO THE CONTAINER TERMINAL AT KWAI CHUNG.
IT WAS THEIR SECOND VISIT TO THE NEW TERRITORIES IN TWO DAYS - YESTERDAY THEY TOOK A FIRST-HAND LOOK AT PROGRESS IN SHA TIN NEW TOWN.