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MONDAY, NOVEMBER 16, 1981
SUBSTANTIAL GROWTH WAS RECORDED IN RE-EXPORTS TO CHINA (BY $2 885 MILLION OR 100 PER CENT), U.S.A. (BY $1 374 MILLION OR 66 PER CENT), INDONESIA (BY $1 140 MILLION OR 58 PER CENT), SINGAPORE (BY $587 MILLION OR 33 PER CENT), JAPAN (BY $349 MILLION OR 21 PER CENT), REPUBLIC OF KOREA (BY $342 MILLION OR 50 PER CENT), MACAU (BY $320 MILLION OR 47 PER CENT), NIGERIA (BY $247 MILLION OR 47 PER CENT), PHILIPPINES (BY $227 MILLION OR 33 PER CENT) AND THE UNITED KINGDOM (BY $222 MILLION OR 44 PER CENT). ON THE OTHER HAND, DECLINES WERE REGISTERED IN RE-EXPORTS TO BELGIUM AND LUXEMBOURG (BY $18 MILLION OR EIGHT PER CENT) AND SWITZERLAND (BY $185 MILLION OR 38 PER CENT).
MOST COMMODITIES RE-EXPORTED THROUGH HONG KONG EXHIBITED STRONG GROWTH, THE MORE SIGNIFICANT ONES BE-ING TEXTILES (BY $2 190 MILLION OR 75 PER CENT), ROAD VEHICLES (BY $947 MILLION OR 122 PER CENT), ELECTRICAL MACHINERY, APPARATUS AND APPLIANCES (BY $785 MILLION OR 55 PER CENT), TELECOMMUNICATIONS AND SOUND RECORDING AND REPRODUCING APPARATUS AND EQUIPMENT (BY $620 MILLION OR 73 PER CENT), AND CLOTHING (BY $477 MILLION OR 43 PER CENT).
THE SEPTEMBER 1981 ISSUE OF THE HONG KONG TRADE STATISTICS - SUMMARY+, BEING A SUMMARY REPORT ON HONG KONG'S EXTERNAL TRADE IN SEPTEMBER 1981, WILL SOON BE ON SALE AT THE GOVERNMENT PUBLICATIONS CENTRE AT $3 PER COPY.
A MORE COMPREHENSIVE REPORT, +HONG KONG EXTERNAL TRADE+, WITH A DETAILED ANALYSIS OF THE MONTH'S IMPORTS, EXPORTS AND RE-EXPORTS, WILL BE PUBLISHED IN EARLY DECEMBER AND WILL BE AVAILABLE AT THE GOVERNMENT PUBLICATIONS CENTRE AT $10 PER COPY.
ENQUIRIES CONCERNING SUBSCRIPTIONS TO THESE REPORTS MAY BE DIRECTED TO THE INFORMATION SERVICES DEPARTMENT AT BASKERVILLE HOUSE, HONG KONG (TEL. NO. 5-214375),
TAX EXEMPTION ON INTEREST EARNED
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INTEREST PAYABLE BY LICENSED BANKS, BY CERTAIN PUBLIC UTILITIES AND BY THE GOVERNMENT AT RATES OF UP TO 12 PER CENT PER ANNUM WILL BE EXEMPTED FROM INTEREST TAX FROM TODAY (MONDAY), A GOVERNMENT SPOKESMAN ANNOUNCED.
HE SAID THAT THIS REPRESENTS A REDUCTION OF HALF A PER CENT IN THE EXEMPTION LIMIT, AND FOLLOWS THE ANNOUNCEMENT BY THE HONG KONG ASSOCIATION OF BANKS ON FRIDAY THAT THE RATES OF INTEREST PAYABLE ON SAVINGS ACCOUNTS WOULD BE REDUCED TO 12 PER CENT WITH EFFECT FROM TODAY.
A NOTICE SIGNED BY THE FINANCIAL SECRETARY UNDER SECTION 28 (1) OF THE INLAND REVENUE ORDINANCE IS PUBLISHED IN AN EXTRAORDINARY GAZETTE TODAY.
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