FRIDAY, JANUARY 6, 1978

GOVERNMENT ACCOUNTS FOR OCTOBER 1977

SHOW $136.5 MILLION DEFICIT *****

THE GOVERNMENT ACCOUNTS FOR THE MONTH OF OCTOBER, 1977, SHOW A DEFICIT OF $136.5 MILLION COMPARED WITH A DEFICIT OF $86 MILLION IN OCTOBER 1976,

TOTAL EXPENDITURE WAS $1,023.5 MILLION AND TOTAL REVENUE AND RECEIPTS WERE $887 MILLION. THIS HAS RESULTED IN AN ACCUMULATED DEFICIT OF $507.6 MILLION FOR THE FIRST SEVEN MONTHS OF THIS FINANCIAL YEAR, COMPARED WITH A DEFICIT OF $483.4 MILLION FOR THE SAME PERIOD LAST FINANCIAL YEAR.

NOTE TO EDITORS:

COMPETITIONS ON EMBLEM AND MURALS DESIGNS

FOR TSUEN WAN TOWN HALL ******

THE NEWLY-CREATED TSUEN WAN DISTRICT ADVISORY BOARD IS ORGANISING A SERIES OF COMPETITIONS ON THE DESIGNS FOR AN EMBLEM AND MURALS FOR USE IN THE $23 MILLION TSUEN WAN TOWN HALL.

MEMBERS OF THE BOARD WILL HOLD A PRESS CONFERENCE ON TUESDAY (JANUARY 10) TO ANNOUNCE DETAILS OF THE COMPETITIONS.

THE CONFERENCE WILL TAKE PLACE AT 2.30 P.M. AT THE TSUEN WAN DISTRICT OFFICE AT THE HONG KONG AND SHANGHAI BANK ING BUILDING, CASTLE PEAK ROAD.

YOU ARE CORDIALLY INVITED TO SEND REPRESENTATIVES TO ATTEND. PRESS TRANSPORT WILL BE PROVIDED. A GOVERNMENT VAN, AM 2088, WILL LEAVE FROM BEHIND THE TSIM SHA TSUI POST OFFICE AT 1.50 P.M. TO TAKE PRESS REPRESENTATIVES TO AND LATER BACK FROM TSUEN WAN.

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