A
TUESDAY, NOVEMBER 8, 1988
"FURTHER, THERE WAS SUCH A BACKLOG OF
OF
THE
SETTLEMENTS DURING THE IT WAS THEN WAS IT MARKET--BASICALLY,
CRASH THAT IT WAS DECIDED THAT A BREATHER WAS REQUIRED. THAT THE PROBLEMS
FUTURES TECHNICALLY INSOLVENT--BECAME APPARENT.
...
RESCUE PACKAGE THAT KONG'S LONG
MR NENDICK OUTLINED THE MEASURES AND THE THE GOVERNMENT PUT TOGETHER TO SAVE THE MARKETS FOR HONG TERM FUTURE AS A MAJOR INTERNATIONAL FINANCIAL CENTER.
CHINA'S PARTICPATION HE DESCRIBED THE BANK OF
IN THE RESCUE
REFLECTION OF CHINA'S
то PACKAGE AS A
HONG
AND KONG PARTICULARY TO HONG KONG AS AN INTERNATIONAL FINANCIAL CENTER.
COMMITMENT
THE CHICAGO BOARD OF FLOOR BY LAWRENCE
EARLIER IN THE DAY, MR NENDICK VISITED TRADE WHERE HE WAS TAKEN ON A TOUR OF THE TRADING C. DORF, A MANAGING DIRECTOR OF THE BOARD OF TRADE.
HE ALSO HELD DISCUSSIONS WITH OTHER BOARD OF TRADE INCLUDING THE DIRECTOR PLANNING, MR THOMAS C. COLEMAN.
SENIOR OFFICIALS AT THE ANALYSIS AND OF ECONOMIC
HELD DISCUSSIONS WITH THE IN THE AFTERNOON, MR NENDICK ALSO
AND LATER IN THE BRITISH CONSUL GENERAL IN CHICAGO, MR RAY MINGAY,
NORTHERN EVENING HE WAS THE GUEST OF HONOUR AT A DINNER HOSTED BY THE
CORPORATE AND BUSINESS TRUST BANK AND ATTENDED BY A GROUP OF SENIOR EXECUTIVES.
PRICE, VOLUME MOVEMENTS OF EXTERNAL TRADE IN AUGUST
GREW BY 8 PER THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS
MONTHS OF 1988 CENT AND 43 PER CENT RESPECTIVELY IN THE FIRST EIGHT
ACCORDING TO STATISTICS AS COMPARED WITH THE SAME PERIOD LAST YEAR, RELEASED TODAY (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
25 PER PER
TAKING THEM TOGETHER, THERE WAS AN OVERALL INCREASE OF CENT IN THE VOLUME OF TOTAL EXPORTS. IMPORTS ALSO INCREASED BY 25 CENT IN VOLUME TERMS.
FROM THE GROWTH
THE GROWTH IN THE VOLUME OF TRADE IS DERIVED IN TRADE VALUES, HAVING DISCOUNTED THE EFFECT OF PRICE CHANGES.
PERIOD OF COMPARISON, AS REGARDS PRICE CHANGES OVER THE SAME THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH ROSE BY 3 PER CENT,
THE TERMS OF WHILE THOSE OF IMPORTS ROSE BY 1 PER CENT. AS A RESULT,
TO EXPORT PRICE INDEX TRADE INDEX (EXPRESSED AS A RATIO IMPORT PRICE INDEX) DROPPED BY 1 PER CENT.
OF TOTAL
/PRICES ARE