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THURSDAY, DECEMBER 5, 1985
+THIS SHOULD IN NO WAY BE TAKEN AS A REFLECTION ON THE STATUS OF A LICENSEE. OF COURSE, A LESSER AMOUNT OF LICENCE FEE WOULD BE PAYABLE IN SUCH CASES, MR HIGGINSON SAID.
MR HIGGINSON ALSO EXPLAINED BRIEFLY THE APPLICATION PROCEDURE, THE TWO DIFFERENT TYPES OF APPLICATION FORMS AND PROVISIONS CONTAINED IN THE HONG KONG TRAVEL AGENTS ORDINANCE 1985 TO DETER UNSCRUPULOUS ELEMENTS FROM TRYING TO OBTAIN A LICENCE BY
MIS-REPRESENTATION.
PRICE, VOLUME CHANGES IN SEPTEMBER EXTERNAL TRADE
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COMPARING THE FIRST NINE MONTHS OF 1985 WITH THE SAME PERIOD LAST YEAR, THE VOLUME OF DOMESTIC EXPORTS DECLINED BY SEVEN PER CENT WHILE THAT OF RE-EXPORTS GREW BY 32 PER CENT, GIVING AN INCREASE OF SIX PER CENT IN THE VOLUME OF TOTAL EXPORTS, ACCORDING TO STATISTICS RELEASED TODAY (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
OVER
IMPORTS INCREASED BY SEVEN PER CENT IN VOLUME TERMS. THE SAME PERIOD, THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY ONE PER CENT AND TWO PER CENT RESPECTIVELY WHILE THOSE OF IMPORTS DROPPED BY THREE PER CENT.
PRICES ARE BASED ON UNIT VALUES WHICH DO NOT TAKE INTO ACCOUNT CHANGES IN THE COMPOSITION OR QUALITY OF GOODS TRADED, EXCEPT FOR SOME SELECTED COMMODITIES FOR WHICH SPECIFICATION PRICE INDEXES ARE COMPILED. VOLUMES OF TRADE ARE DERIVED FROM TRADE VALUES BY DISCOUNTING THE EFFECT OF PRICE CHANGES.
COMPARING SEPTEMBER 1985 WITH SEPTEMBER 1984, THE VOLUME OF TOTAL EXPORTS SHOWED NO CHANGE, WITH AN INCREASE OF 17 PER CENT IN THE VOLUME OF RE-EXPORTS OFFSETTING A DECLINE OF NINE
IMPORTS INCREASED BY TWO PER CENT IN THAT OF DOMESTIC EXPORTS. PER CENT IN VOLUME TERMS.
PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS DROPPED BY THREE PER CENT AND ONE PER CENT RESPECTIVELY, SO THAT FOR TOTAL EXPORTS, PRICES DECREASED BY TWO PER CENT. PRICES OF IMPORTS DECREASED BY FOUR 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) ROSE BY TWO PER CENT.
EXTENDING THE PERIOD OF COMPARISON TO THE 12 MONTHS ENDING SEPTEMBER 1985 WITH THE 12 MONTHS ENDING SEPTEMBER 1984, THE VOLUME OF DOMESTIC EXPORTS DECREASED BY FOUR PER CENT, WHILE THAT OF RE-EXPORTS INCREASED BY 31 PER CENT, GIVING AN INCREASE OF EIGHT PER CENT IN THE VOLUME OF TOTAL EXPORTS.
MEANWHILE, THE VOLUME OF IMPORTS ROSE BY SEVEN PER CENT. PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE, ON AVERAGE, BY THREE PER CENT AND FOUR PER CENT RESPECTIVELY, WHILE THAT OF IMPORTS DROPPED BY ONE PER CENT.
'THE CHANGES