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THURSDAY, DECEMBER 8, 1983
THREE MEMBERS OF THE ASSOCIATION WOULD SIT ON THE COMMITTEE AND ITS MEETINGS WOULD BE HELD QUARTERLY.
THE SETTING UP OF THE COMMITTEE WAS MADE KNOWN TO ALL ELECTRICAL, MECHANICAL AND BUILDING SERVICES CONTRACTORS ON THE LANDS AND WORKS APPROVED LISTS, AND TO OTHER ENGINEERING CONTRACTORS' ASSOCIATIONS IN HONG KONG.
+I FIRMLY BELIEVE THAT THIS CO-ORDINATING COMMITTEE, BY EXCHANGING VIEWS ON MATTERS OF COMMON INTEREST BETWEEN YOUR ASSOCIATION AND GOVERNMENT, WILL ACHIEVE MUCH FOR THE BENEFIT OF PUBLIC WORKS IN HONG KONG, MR CHAN CONCLUDED.
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SEPTEMBER PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE
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THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE, ON AVERAGE, BY 14 PER CENT AND 13 PER CENT RESPECTIVELY SO THAT, FOR TOTAL EXPORTS, PRICES WERE UP BY 14 PER CENT IN SEPTEMBER 1983, AS COMPARED WITH SEPTEMBER 1982, ACCORDING TO STATISTICS RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.
MEANWHILE, THE PRICES OF IMPORTS ROSE BY 19 PER CENT.
AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO OF THE TOTAL EXPORT PRICE INDEX TO THE IMPORT PRICE INDEX) DROPPED BY FOUR PER CENT.
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THE VOLUME OF DOMESTIC EXPORTS ROSE BY 17 PER CENT AND THAT OF RE-EXPORTS ROSE BY 20 PER CENT SO THAT AN 18 PER CENT INCREASE WAS RECORDED IN THE VOLUME OF TOTAL EXPORTS.
MEANWHILE, THE VOLUME OF IMPORTS INCREASED BY 10 PER CENT.
SINCE THE PRICES OF DOMESTIC EXPORTS AND OF RE-EXPORTS BOTH INCREASED BY SEVEN PER CENT IN THE FIRST THREE QUARTERS OF 1983, COMPARED WITH THE SAME PERIOD LAST YEAR, DOMESTIC EXPORTS GREW BY 12 PER CENT AND RE-EXPORTS BY 11 PER CENT IN VOLUME TERMS.
AS THE PRICES OF IMPORTS WERE 10 PER CENT HIGHER OVER THE SAME PERIOD, IMPORTS RECORDED A SEVEN PER CENT GROWTH IN VOLUME TERMS.
WHEN THE 12 MONTHS ENDING SEPTEMBER THIS YEAR IS COMPARED WITH THE 12 MONTHS ENDING SEPTEMBER 1982, THE PRICES OF IMPORTS AND RE-EXPORTS BOTH ROSE, ON AVERAGE, BY SEVEN PER CENT AND THOSE OF DOMESTIC EXPORTS BY SIX PER CENT.
OVER THE SAME PERIOD, THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH INCREASED BY EIGHT PER CENT, THUS GIVING AN EIGHT PER CENT INCREASE IN THE VOLUME OF TOTAL EXPORTS. MEANWHILE, A FIVE PER CENT INCREASE WAS RECORDED IN THE VOLUME OF IMPORTS.
/PRICES ARE
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