FRIDAY, JULY 23, 1993

WHICH

11

FINAL ACCOUNTS FOR 1992/93 PUBLISHED

* * *

THE GOVERNMENT'S FINAL ACCOUNTS FOR THE FINANCIAL YEAR 1992/93, ENDED ON MARCH 31, 1993, WAS PUBLISHED IN THE GAZETTE TODAY

(FRIDAY).

A GOVERNMENT SPOKESMAN SAID THE OVERALL SURPLUS FOR 1992/93 WAS $21.98 BILLION, WHICH TS CLOSE TO THE REVISED ESTIMATE OF $20.55 BILLION FOR SURPLUS GIVEN IN THE 1993 BUDGET SPEECH.

*THIS BRINGS THE TOTAL FISCAL RESERVES AT MARCH 31 1993 TO JUST OVER $121 BILLION," THE SPOKESMAN SAID.

HE NOTED THAT THE ADDITIONAL SURPLUS ABOVE THE REVISED ESTIMATE WAS MADE UP OF A NUMBER OF MINOR VARIANCES IN BOTH REVENUE AND EXPENDITURE.

AMOUNTED

TO

"TOTAL REVENUE FOR THE YEAR

$135.31 BILLION, COMPARED TO A REVISED ESTIMATI Op $135.65 BILLION WHILE TOTAL EXPENDITURE WAS $113.33 BILLION, COMPARED TO A REVISED ESTIMATE OF $115.10 BILLION," HE SAID.

SANCTIONS AGAINST SERBIA AND MONTENEGRO STRENGTHENED

*

AS FROM TOMORROW (SATURDAY}, A LICENCE ISSUED BY THE DIRECTOR-GENERAL OF TRADE IS REQUIRED FOR ANY IMPORTS FROM, EXPORTS TO OR TRANSHIPMENT THROUGH CROATIA AND BOSNIA-BERZEGOVINA.

THE REQUIREMENT WAS CONTAINED IN THE IMPORT AND EXPORT (GENERAL) REGULATIONS (AMENDMENT OF SCHEDULES) ORDER 1993 GAZETTED TODAY (FRIDAY).

"THE FIRST AND SECOND SCHEDULES OF THE ORDER WERE REVISED TO IMPLEMENT THE SANCTIONS IMPOSED UNDER PARAGRAPH 12 OF RESOLUTION 820 (1993) ADOPTED BY THE UNITED NATIONS SECURITY COUNCIL ON APRIL 17 THIS YEAR то TIGHTEN SANCTIONS AGAINST SERBIA AND MONTENEGRO, PRINCIPAL TRADE OFFICER, MR JOHN LEUNG, EXPLAINED,

OF THE

IN PURSUANCE

UNITED NATIONS RESOLUTION, THE DIRECTOR-GENERAL OF TRADE WOULD NORMALLY REFUSE ΤΟ ISSUE LICENCES COVERING IMPORTS FROM, EXPORTS TO OR TRANSHIPMENT THROUGH THE UNITED NATIONS PROTECTED AREAS IN CROATIA AND SERB-OCCUPIED AREAS IN BOSNIA-HERZEGOVINA, HE SAID.

EXCEPTIONS WILL ONLY BE MADE ΤΟ GOODS THAT ARE ESSENTIAL HUMANITARIAN SUPPLIES DISTRIBUTED BY INTERNATIONAL HUMANITARIAN AGENCIES OR GOODS THAT HAVE OBTAINED PROPER AUTHORISATION FROM THE GOVERNMENTS OF CROATIA AND BOSNIA-HERZEGOVINA RESPECTIVELY.

+

THE TRADE DEPARTMENT HAS PUBLISHED A CIRCULAR GIVING OUT DETAILS OF THE AMENDED SCHEDULES TO TRADERS ENQUIRIES CAN BE MADE ON TEL 398 5461 (FOR TEXTILES IMPORTS), 398 5171 (POR TEXTILES EXPORTS) AND 398 5592 (FOR NON-TEXTILES IMPORTS AND EXPORTS).

£12

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