WEDNESDAY, JANUARY 19, 1983

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FIVE ECONOMIC SURVEYS APPROVED

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FIVE CENSUS AND STATISTICS ORDERS, ENABLING SURVEYS TO BE CARRIED OUT AS PART OF THE LONG TERM PROGRAMME OF ECONOMIC SURVEYS TO PROVIDE INFORMATION FOR MAKING GROSS DOMESTIC PRODUCT ESTIMATES, WERE TABLED IN THE LEGISLATIVE COUNCIL TODAY.

THE SECRETARY FOR ECONOMIC SERVICES, THE HON PIERS JACOBS, SAID THE SURVEYS ALSO PROVIDE INFORMATION ON THE STRUCTURAL CHARACTERISTICS OF THE MAIN SECTORS OF THE ECONOMY AND ENABLE THE GOVERNMENT TO MONITOR THE IR PERFORMANCE.

ONE OF THE ORDERS IS SPECIFICALLY FOR 1982 AND IS FOR THE FIFTH ANNUAL SURVEY OF IMPORTS AND EXPORTS OF SERVICES.

THE OTHER FOUR ORDERS ARE TO ESTABLISH PERMANENT SURVEYS AND ARE FOR THE:

* ANNUAL SURVEY OF BANKS, DEPOSIT-TAKING COMPANIES AND

REPRESENTATIVES OF OFFICES OF FOREIGN BANKS;

* ANNUAL SURVEY OF STORAGE, COMMUNICATION, FINANCING,

INSURANCE AND BUSINESS SERVICES;

* ANNUAL SURVEY OF TRANSPORT AND RELATED SERVICES AND

* QUARTERLY SURVEY OF RESTAURANT RECEIPTS AND PURCHASES.

TOO EARLY FOR PROMOTIONAL RESULTS TO BE KNOWN

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IT WAS A BIT EARLY TO ATTEMPT TO ASSESS THE ACTIVITIES OF OVERSEAS INDUSTRIAL PROMOTION OFFICES SET UP IN TOKYO, LONDON, STUTTGART AND SAN FRANCISCO LAST YEAR, THE SECRETARY FOR TRADÉ AND INDUSTRY, MR BILL DORWARD TOLD THE LEGISLATIVE COUNCIL TODAY.

EXPLAINING THAT INDUSTRIAL INVESTMENT PROMOTION IS A LONG-TERM EFFORT. MR DORWARD SAID THAT DURING THE EARLY MONTHS OF THEIR EXISTENCE, THE OFFICES HAVE NECESSARILY BEEN LARGELY OCCUPIED IN ESTABLISHING THEMSELVES BY DEVELOPING CONTACTS WITH GOVERNMENT AUTHOR ITIES AND TRADE AND INDUSTRIAL ORGANISATIONS.

+BUT THEY HAVE ALREADY BEEN FUNCTIONING IN PROMOTIONAL TERMS WITH QUITE HEARTENING RESULTS, HE ADDED,

+THE TOKYO OFFICE, THOUGH LESS THAN A YEAR OLD, HAS SO FAR BEEN INVOLVED WITH TEN INCOMING INDUSTRIALIST MISSIONS TO HONG KONG, AND HAS ORGANISED OR PARTICIPATED IN SEVEN SEMINARS IN VARIOUS PARTS OF JAPAN TO PROMOTE INVESTMENT IN HONG KONG'S INDUSTRY. THE LONDON OFFICE HAS PARTICIPATED IN THREE SEMINARS IN THE UNITED KINGDOM AND ONE IN SWEDEN. THE STUTTGART OFFICE HAS ORGANISED THREE SEMINARS AND PARTICIPATED IN THE 1982 HANOVER FAIR,+ MR DORWARD SAID.

/NR DORWARD

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