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THURSDAY, FEBRUARY 26, 1987
THE OTHER SITE OF 1 094 SQUARE METRES, AT TUI MIN HOI, SAI KUNG, WAS BOUGHT FOR $3.5 MILLION BY JOSEPH WONG AND COMPANY HONG KONG) LIMITED.
THE OPENING BID FOR THE SITE WAS $1.2 MILLION. THE PURCHASER IS REQUIRED TO COMPLETE AT LEAST 1 094 SQUARE METRES OF GROSS FLOOR AREA BEFORE MARCH 31, 1990.
THE BUYERS WERE ALLOWED TO PAY THE WHOLE OR PART OF THE BALANCE OF THE PREMIUM BY SURRENDERING LAND EXCHANGE ENTITLEMENTS.
LEASE CONDITIONS FOR BOTH SITES STIPULATE THAT THEY CAN DE
USED AS GODOWNS, BUT NOT FOR OFFENSIVE TRADES.
GOVERNMENT LAND AGENT (ACQUISITION AND VALUATION), MR NIGEL BURLEY, WHO CONDUCTED AUCTION HELD AT THE CITY HALL THEATRE, DESCRIBED THE RESPONSE AS VERY ENCOURAGING, AND EXCEEDING INITIAL EXPECTATIONS.
PROVISIONAL TRADE FIGURES FOR JANUARY RELEÁŠED
*****
EXTERNAL TRADE CONTINUED TO GROW STRONGLY IN JANUARY 1987. THE VALUE OF BOMESTIC EXPORTS IN JANUARY 1987, AT $14 093 MILLION, GREW BY 33.5 PER CENT OR $3 523 MILLION COMPARED WITH JANUARY 1986, WHILE THE VALUE OF RE-EXPORTS BREW BY 40.2 PER CENT OR $3 441 MILLION TO $12 004 MILLION, ACCORDING TO THE PROVISIONAL TRADE FIGURES PUBLISHED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.
TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, THE VALUE OF TOTAL EXPORTS, AT $26 057 MILLION, WAS 36.5 PER CENT OR $6 964 MILLION HIGHER THAN IN JANUARY 1986.
THE VALUE OF IMPORTS GREW BY 29.0 PER CENT OR $4 710 MILLION OVER JANUARY 1986 TO $23 516 MILLION.
AS THE GROWTH IN THE VALUE OF TOTAL EXPORTS WAS FASTER THAN THAT OF IMPORTS, A VISIBLE TRADE SURPLUS EQUIVALENT TO 10.8 PER CENT OF THE VALUE OF IMPORTS WAS RECORDED IN JANUARY 1987. COMPARED WITH A VISIBLE TRADE SURPLUS OF 1.5 PER CENT RECORDED IN JANUARY 1986.
THE VISIBLE TRADE SURPLUS IN JANUARY 1987, AT $2 541 MILLION, WAS THE HIGHEST MONTHLY SURPLUS EVER RECORDED.
HOWEVER, TRADE