3
TUESDAY, SEPTEMBER 15, 1987
FOR
THE TAC ALSO DISCUSSED AN APPLICATION BY LANTAU TAXI A 39 PER CENT
MEMBERS FARE INCREASE.
THEIR
RECOMMENDATION
25 PER CENT INCREASE. THE EXECUTIVE COUNCIL FOR CONSIDERATION.
OPERATORS
ONLY RECOMMENDED A TO WILL
SUBMITTED
BE
MINIBUS, PUBLIC LIGHT MEMBERS WERE BRIEFED KMB то OPERATE 24-SEATER
REACTION. REPRESENTATIVES'
POLICY ISSUES INVOLVED
THE TAC ALSO NOTED A REPORT FROM THE COMMISSIONER FOR TRANSPORT ON HIS MEETING WITH REPRESENTATIVES OF GREEN BUS AND PUBLIC OMNIBUS OPERATORS ON AUGUST 21. ON
THE REASONS FOR THE DECISION TO ALLOW BUSES ON ROUTES 90 AND 208 AND THE TRANSPORT DEPARTMENT IS CONSIDERING THE WILL DRAW UP PROPOSALS FOR TAC TO CONSIDER AT A FUTURE MEETING.
THE AND
GROSS DOMESTIC PRODUCT ESTIMATES FOR 1985 AND 1986 REVISED
(TUESDAY) RELEASED THE CENSUS AND STATISTICS DEPARTMENT TODAY
(GDP) FOR DETAILS OF THE REVISED ESTIMATES OF GROSS DOMESTIC PRODUCT 1985 AND 1986.
DOWNWARDS IN THREE CHANGE IN CAPITAL
BEEN REVISED GDP GROWTH IN REAL TERMS FOR 1985 HAS TO -0.1 PER CENT FROM +0.6 PER CENT. THE MAIN REVISIONS AND COMPONENTS OF THE GDP. PRIVATE CONSUMPTION EXPENDITURE ARE STOCKS HAVE BEEN REVISED DOWNWARDS WHILE PRIVATE SECTOR FIXED FORMATION HAS BEEN REVISED UPWARDS.
UPWARDS то GDP GROWTH IN REAL TERMS FOR 1986 HAS BEEN REVISED
GROWTH RATE IS 11 PER CENT FROM 8.7 PER CENT. THE REVISION IN THE
DUE PARTLY DUE TO CHANGES MADE TO THE 1986 ESTIMATE OF GDP AND PARTLY TO THE DOWNWARD REVISION IN THE 1985 ESTIMATES.
GDP HAVE GENERALLY BEEN REVISED THE COMPONENTS OF THE 1986
THE ESTIMATES OF UPWARDS WITH THE MORE SIGNIFICANT CHANGES BEING IN
SECTOR PRIVATE
PRIVATE
FIXED CAPITAL EXPENDITURE, CONSUMPTION FORMATION IN PLANT, MACHINERY AND EQUIPMENT, AND CHANGE IN STOCKS.
REVISIONS OF THIS NATURE ARE PART OF PRODUCING ESTIMATES OF THE GDP. THEY RANGE OF DATA IS USED IN COMPILING THE
OF WIDE
THIS
RESULT,
THE
AT
THE
YEAR
THE ROUTINE PROCESS ARE NECESSARY BECAUSE A ESTIMATES AND SOME OF DATA ARE AVAILABLE ONLY WITH SIGNIFICANT TIME LAGS, AS A COMPILATION OF THE PRELIMINARY ESTIMATES OF THE GDP PUBLISHED TIME OF THE BUDGET INVOLVES USING PARTIAL DATA FOR THE WITH THE GAPS IN THE DATA BEING FILLED BY EXTRAPOLATION AND JUDGEMENT.
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/OVER THE