IS
DAILY INFORMATION BULLETIN
ISSUED BY GOVERNMENT INFORMATION SERVICES BEACONSFIELD HOUSE, HONG KONG. TEL: 5-233191
CONTENTS
WEDNESDAY, FEBRUARY 27, 1985
PAGE NO.
LEGISLATIVE COUNCIL MEETING:
SIR JOHN AIMS FOR BALANCED BUDGET
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SEVEN PER CENT GDP GROWTH FORECAST
SECOND YEAR OF EXPORT-LED GROWTH
NEW REVENUE MEASURES 'CLEARLY INEVITABLE'
PROPOSALS TO YIELD $1.2 BILLION NET
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RATIONALE EXPLAINED
NO NET DEBT, SAYS SIR JOHN
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'SPENDING LOWER THAN EXPECTED'
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GENERAL REVENUE EXPENDITURE HELD TO $29.4 BILLION
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FURTHER DEFICIT REDUCTION SEEN
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NO NEED FOR BOND ISSUE
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FUEL DUTY RISE KEPT TO 10 PER CENT
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DUTY PAYABLE IMMEDIATELY ........
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SOFT DRINKS 'NOT A NECESSITY!
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SIR JOHN'S NEWS FOR DRINKERS
COST PER PUFF RISES
$100 MILLION FROM BEAUTY BUSINESS
DUTY FREE CONCESSIONS RIVISED
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20.
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CIVIL SERVICE FRESZE TO CONTINUE
LAW TO BEAT TAX EVADERS
NEW LIMIT ON DTC DEPOSITS PROPOSED
$90M SEEN FROM AIR DEPARTURES
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$55M MORE FROM BUSINESS FEES
GOVERNMENT FEES, CHARGES TO YIELD $5.8 BILLION
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/HIGHER TAX