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TUESDAY, SEPTEMBER 27, 1994
THE HANG SENG BANK HAS BEEN COLLABORATING WITH THE CENSUS AND STATISTICS DEPARTMENT FOR THE MANY YEARS IN THE PROGRAMME OF MEASURING CHANGES IN PRICES BY COMPILING A HANG SENG CPI TO REFLECT THE IMPACT OF INFLATION ON HOUSEHOLDS IN THE RELATIVELY HIGH EXPENDITURE RANGE.
"IN THIS ROUND OF WORK TO UPDATE THE CPI SERIES, THE HANG SENG BANK HAS AGREED TO COLLABORATE WITH THE CENSUS AND STATISTICS DEPARTMENT AGAIN IN CONDUCTING THE HES AND THE SUBSEQUENT COMPILATION OF A NEW HANG SENG CPI SERIES. A NUMBER OF STAFF OF THE BANK WILL BE ATTACHED TO THE DEPARTMENT AND WORK ALONG WITH THE DEPARTMENTAL TEAM DURING THE SURVEY PERIOD," ASSISTANT GENERAL MANAGER OF THE HANG SENG BANK, MR ANTHONY K K WONG, SAID.
THE PARTICIPATING HOUSEHOLDS, AFTER PROVIDING ALL THE RELEVANT INFORMATION, WILL BE PRESENTED WITH AN HONORARIUM OF $100.
MR HO SAID: "THE INFORMATION COLLECTED IN THE HKS FORMS AN IMPORTANT BASIS FOR THE COMPILATION OF THE CPIS. THE RELIABILITY OF THE CPIS THEREFORE DEPENDS VERY MUCH ON THE QUALITY OF DATA COLLECTED IN THE SURVEY."
"I THEREFORE APPEAL TO ALL SELECTED HOUSEHOLDS TO CO-OPERATE BY SUPPLYING THE REQUIRED INFORMATION,"
MR HO POINTED OUT THAT THE HES WOULD BE CONDUCTED UNDER THE CENSUS AND STATISTICS ORDINANCE. IN ACCORDANCE WITH THIS, THE INFORMATION THAT A HOUSEHOLD PROVIDES WILL BE KEPT IN THE STRICTEST CONFIDENCE AND WILL NOT BE RELEASED TO EXTERNAL ORGANISATIONS AND OTHER GOVERNMENT DEPARTMENTS IN ANY IDENTIFIABLE FORM.
PROVISIONAL RESULTS OF RESTAURANT RECEIPTS AND PURCHASES
FOR THE 2ND QUARTER OF 1994
THE VALUE OF TOTAL RECEIPTS FOR THE RESTAURANT SECTOR IN THE SECOND QUARTER OF 1994, ESTIMATED AT $12.0 BILLION, INCREASED BY 7% WHEN COMPARED WITH THE SAME QUARTER OF 1993, ACCORDING ΤΟ THE PROVISIONAL STATISTICS RELEASED TODAY (TUESDAY) BY THE CENSUS STATISTICS DEPARTMENT.
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AFTER DISCOUNTING THE EFFECT OF PRICE CHANGES OVER THE PERIOD, TOTAL RECEIPTS DECREASED BY 1% IN VOLUME TERMS.
THE VALUE OF TOTAL PURCHASES OF RESTAURANTS IN THE SECOND QUARTER OF 1994, ESTIMATED AT $4.3 BILLION, WAS 3% ABOVE THAT IN THE SAME QUARTER OF 1993.
THE TOTAL RECEIPTS OF BARS RECORDED THE LARGEST INCREASE IN THE SECOND QUARTER OF 1994, BY 20% IN VALUE AND 13% IN VOLUME AS COMPARED WITH A YEAR AGO.
RESTAURANTS
THE TOTAL RECEIPTS OF NON-CHINESE MODERATE INCREASE OF 9% IN VALUE AND 1% IN VOLUME.
REGISTERED A
THE TOTAL RECEIPTS OF CHINESE RESTAURANTS ROSE BY 7% IN VALUE, BUT DECREASED BY 2% IN VOLUME. SIMILARLY, THE TOTAL RECEIPTS OF FAST FOOD SHOPS WERE DOWN BY 3% IN VOLUME, DESPITE AN INCREASE OF 4% IN VALUE.
/COMPARING THE