MONDAY, JULY 14, 1986
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GOVERNOR TO OPEN NEW OFFICE IN SAN FRANCISCO
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THE NEWLY ESTABLISHED HONG KONG GOVERNMENT OFFICE IN SAN FRANCISCO WILL BE OFFICIALLY OPENED BY THE GOVERNOR, SIR EDWARD YOUDE, TOMORROW (JULY 15). THE OFFICE WILL INCORPORATE THE EXISTING SAN FRANCISCO INDUSTRIAL PROMOTION OFFICE WHICH HAS MOVED TO THE NEW PREMISES.
THE OFFICE WILL BE HEADED BY MR BILLY LAM, AN ADMINISTRATIVE OFFICER STAFF GRADE B, WHO HAS RECENTLY COMPLETED A COURSE AT STANFORD UNIVERSITY. AS DIRECTOR, HONG KONG ECONOMIC AFFAIRS, SAN FRANCISCO, MR LAM WILL BE SUPPORTED BY A SENIOR ADMINISTRATIVE OFFICER, A PRINCIPAL INFORMATION OFFICER AND THE INDUSTRY DEPARTMENT'S PRINCIPAL CONSULTANT AND HIS STAFF.
THE ADDRESS OF THE HONG KONG ECONOMIC AFFAIRS OFFICE IS
180 SUTTER STREET, SAN FRANCISCO, CA94104, U.S.A.
THE PRINCIPAL RESPONSIBILITY OF THE DIRECTOR AND HIS STAFF IS TO WORK WITH THE OTHER HONG KONG OFFICES AND ORGANISATIONS IN THE UNITED STATES. WEST OF THE MISSISSIPPI RIVER, IN ESTABLISHING AND DEVELOPING CONTACTS AND IN DISSEMINATING INFORMATION ON HONG KONG.
A GOVERNMENT SPOKESMAN SAID THIS WAS BEING DONE TO CREATE A BETTER UNDERSTANDING OF HONG KONG IN ORDER TO MAINTAIN AND ENHANCE ITS ECONOMIC AND OTHER INTERESTS IN THE AREA.
MAY EXTERNAL TRADE STATISTICS RELEASED
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THE CENSUS AND STATISTICS DEPARTMENT TODAY (MONDAY) RELEASED TRADE VALUE STATISTICS FOR MAY 1986. TOTAL MERCHANDISE TRADE IN JANUARY TO MAY 1986, VALUED AT $196 761 MILLION, INCREASED BY 5 PER CENT COMPARED WITH THE SAME PERIOD LAST YEAR.
ON THE SAME BASIS OF COMPARISON, DOMESTIC EXPORTS INCREASED BY 7 PER CENT TO $52 828 MILLION WHILE RE-EXPORTS DECREASED BY 2 PER CENT TO $43 434 MILLION, SO THAT FOR TOTAL EXPORTS, THE TRADE VALUE INCREASED BY 3 PER CENT. IMPORTS INCREASED BY 8 PER CENT TO $100 499 MILLION.
ALL TRADE STATISTICS PRESENTED ARE MEASURED AT CURRENT PRICES AND NO ACCOUNT HAS BEEN TAKEN OF THE CHANGES IN PRICES BETWEEN THE PERIODS OF COMPARISON. A SEPARATE ANALYSIS OF THE PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE FOR MAY 1986 WILL BE RELEASED IN EARLY AUGUST.
/THE CHANGES