TUESDAY, MARCH 15, 1994
THE OVERALL ESTIMATES FOR THE ACP HAVE BEEN REDUCED FROM $163.7 BILLION TO $158.2 BILLION AT MONEY OF THE DAY PRICES, MR SELBY SAID.
THE SUB-COMMITTEE WAS SET UP ΤΟ MONITOR AND COMMENT ON FINANCIAL MATTERS RELATED TO THE AIRPORT CORE PROGRAMME, INCLUDING ITS COSTS, COST-EFFECTIVENESS, COST CONTROL, REVENUE, RELATED FRANCHISES AND THE FINANCIAL ARRANGEMENTS FOR FUNDING THE AIRPORT RAILWAY AND THE AIRPORT AT CHEK LAP KOK; AND TO MAKE RECOMMENDATIONS ΤΟ THE MAIN CONSULTATIVE COMMITTEE FOR CONSIDERATION.
TREASURY SECRETARY TO ATTEND APEC MEETING
SECRETARY FOR THE TREASURY, MR DONALD TSANG, WILL LEAD A HONG DELEGATION TO ATTEND THE FINANCE MINISTERS MEETING OF THE ASIAN PACIFIC ECONOMIC CO-OPERATION (APEC), IN HONOLULU FROM MARCH 18 TO 19.
KONG
MR TSANG SAID THE MEETING WOULD BE AN IMPORTANT STEP IN TAKING FORWARD THE ISSUES IDENTIFIED AT THE APEC ECONOMIC LEADERS MEETING IN SEATTLE LAST NOVEMBER.
"NOW THAT THE URUGUAY ROUND HAS COME TO A SATISFACTORY CONCLUSION, APEC MEMBERS ARE IN A GOOD POSITION TO EXPLORE OPPORTUNITIES FOR FURTHER GROWTH AND CO-OPERATION UNDER GATT
RULES,
HE SAID.
MEMBERS OF APEC ARR AUSTRALIA, BRUNEI DARUSSALAM, CANADA, CHINA, HONG KONG, INDONESIA, JAPAN, KOREA, MALAYSIA, MEXICO, NEW ZEALAND, PAPUA NEW GUINEA, THE PHILIPPINES, SINGAPORE, CHINESE TAIPEI, THAILAND AND THE USA.
BEFORE ATTENDING THE TWO-DAY MEETING, MR TSANG WILL SPRAK ON "MANAGING PROSPERITY: HONG KONG STYLE" AT A LUNCH MEETING OF THE PACIFIC AND ASIAN AFFAIRS COUNCIL ON THURSDAY (MARCH 17).
AFTER THE APEC MEETING, MR TSANG WILL FLY TO TOKYO WHERE HE WILL SPEAK ON "CURRENT STATUS OF THE AIRPORT CORE PROGRAMME AND OTHER MAJOR INFRASTRUCTURAL PROJECTS OF HONG KONG" TO THE JAPAN FEDERATION OF ECONOMIC ORGANISATION (KEIDANREN) ON MARCH 22.
HE WILL ALSO MEET LEADING JAPANESE BEFORE RETURNING TO HONG KONG ON MARCH 22.
BUSINESSMEN AND BANKERS
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RISE IN YOUTH DRUG ABUSE CONTINUES
GROW,
TO
THE INCIDENCE OF DRUG ABUSE AMONG YOUNGSTERS IS CONTINUING
ABUSE'S STATISTICS ACCORDING TO THE CENTRAL REGISTRY OF DRUG
FOR LAST YEAR.
WERE
AGES
MEMBERS OF THE ACTION COMMITTEE AGAINST NARCOTICS (ACAN) TOLD TODAY (TUESDAY) THAT THE TOTAL NUMBER OF INDIVIDUALS OF ALL REPORTED TO THE REGISTRY LAST YEAR WAS 17, 491 COMPARED WITH 15,212 IN 1992, A RISE OF 15 PER CENT.
/THE NUMBER