FRIDAY, DECEMBER 31, 1976.
GOVT. ACCOUNTS FOR OCTOBER
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THE GOVERNMENT ACCOUNTS FOR THE MONTH OF OCTOBER SHOW
A DEFICIT OF $86 MILLION AS COMPARED WITH A DEFICIT OF $97 MILL FON IN OCTOBER LAST YEAR.
THIS HAS RESULTED IN AN ACCUMULATED DEFICIT OF $483 MILLION FOR THE FIRST SEVEN MONTHS OF THIS FINANCIAL YEAR, COMPARED WITH A DEFICIT OF $603 MILLION FOR THE SAME PERIOD LAST YEAR.
GROSS EXPENDITURE AT $560 MILLION WAS $26 MILLION
MORE THAN THAT IN OCTOBER 1975.
TOTAL REVENUE AND RECEIPTS AT $474 MILLION WAS $37 MILLION MORE THAN THE SAME MONTH LAST YEAR, DUE MAINLY TO INCREASED RECEIPTS FROM DUTIES, GENERAL RATES, MOTOR VEHICLES TAXES AND LAND SALES.
EXPORT OF TEXTILE PRODUCTS TO EEC APPLICATIONS NOW ACCEPTED ******
THE COMMERCE AND INDUSTRY DEPARTMENT ANNOUNCED TODAY (FRIDAY) THAT IT WAS ACCEPTING WITH IMMEDIATE EFFECT APPLICATIONS FÖR +FORMS A+ FOR CERTAIN TEXTILE PRODUCTS TO BE EXPORTED TO THE EEC UNDER THE COMMUNITY'S 1977 GENERALISED SCHEME OF PREFERENCES (GSP).
A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT IT WAS THE FIRST TIME SINCE THE INTRODUCTION OF THE EEC-GSP IN 1971 THAT PREFERENTIAL TREATMENT WAS BEING EXTENDED TO SOME TEXTILES ORIGINATING FROM HONG KONG.
HE EXPLAINED THAT A FULL LIST OF THE TEXTILE PRODUCTS
ELIGIBLE FOR SUCH BENEFITS WAS STILL AWAITED FROM THE EEC COMMISSION,
+ THE PRELIMINARY LIST WE HAVE GIVES DETAILS OF 66 ITEMS, MAINLY FABRICS. EXPORTERS MAY NOW APPLY FOR THE FORMS (FORMS A) FOR THESE, HE SAID,
A CIRCULAR (CERTIFICATE OF PREFERENCE CIRCULAR NO. 29/76) CONTAINING DETAILS OF THE 66 ITEMS WAS ISSUED TO THE TRADE RECENTLY.