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SUNDAY, JANUARY 27, 1980 ́
IT WILL ALSO TAKE HER PAST LANTAU'S ONLY RESERVOIR, SHEK PIK COMPLETED IN THE EARLY 1960S, WHICH HAS A CAPACITY OF 5 515 MILL FON GALLONS.
THE PRINCESS WILL ALSO PASS THROUGH CHEUNG SHA WITH ITS FINE, CURVED BEACH, WHERE FACILITIES FOR BATHERS AND CAMPERS ARE BEING IMPROVED.
LANTAU IS FAST BECOMING A RESORT AREA WITH SEVERAL MULTI- MILLION-DOLLAR HOLIDAY HOME PROJECTS.
THESE INCLUDE, AT YI LONG WAN, THE SEA RANCH, A $70 MILLION HOTEL PROJECT. COMPRISING 20 FOUR-STOREY BLOCKS WITH A TOTAL OF 184 FLATS. THE PROJECT OFFERS RECREATION ON THE DOORSTEP INCLUDING TENNIS AND BADMINTON, SWIMMING AND WATER SKI-ING,
AT DISCOVERY BAY A LARGE RESORT PROJECT IS BEING BUILT, WHILE AT TAI LONG WAN GOVERNMENT IS NEGOTIATING CONSTRUCTION OF ANOTHER RESORT. ALSO PROPOSED IS A HOLIDAY HOMES PROJECT AT SILVERMINE BAY.
FROM MUI WO, PRINCESS ALEXANDRA WILL TRAVEL BY LAUNCH TO CHEUNG CHAU.
SLIGHT UPWARD MOVEMENTS IN CONSUMER INDICES
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THE CONSUMER PRICE INDEX (A) AND CONSUMER PRICE INDEX (B) FOR DECEMBER 1979 WERE BOTH 147 COMPARED WITH THE PREVIOUS MONTH, CPI (A) ADVANCED BY TWO POINTS AND CPI (B), BY ONE POINT.
THE CENTRED 12-MONTH MOVING AVERAGE FOR JUNE 1979, THAT IS THE SIMPLE AVERAGE OF THE TWO MOVING ANNUAL AVERAGES ENDING NOVEMBER AND DECEMBER 1979 RESPECTIVELY, WAS 138.3 FOR CPI (A) AND 138.5 FOR CPI (B), BEING 1.1 PER CENT AND 1.2 PER CENT RESPECTIVELY HIGHER THAN THAT FOR THE PREVIOUS MONTH.
WHEN COMPARED WITH THE CENTRED 12-MONTH MOVING AVERAGE FOR JUNE A YEAR AGO, THE INCREASES WERE RESPECTIVELY 11.3 PER CENT AND 11.2 PER CENT.
THE CPI (A) IS BASED ON WEIGHTS DERIVED FROM THE EXPENDITURE OF HOUSEHOLDS SPENDING BETWEEN $400-$1 499 A MONTH AND THE CPI (B), BETWEEN $1 500-$2 999 A MONTH IN THE HOUSEHOLD EXPENDITURE SURVEY, 1973/74.
/THE SECTION