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FRIDAY, OCTOBER 7, 1994
WATER SUPPLY TO EXTEND TO WEST KOWLOON RECLAMATION
THE WATER SUPPLIES DEPARTMENT IS INVITING TENDERS FOR BUILDING A FRESH WATER SERVICE RESERVOIR WITH A STORAGE CAPACITY OF 40,000 CUBIC METRES OFF CHAK ON ROAD AND FOR LAYING ASSOCIATED WATER MAINS IN SHEK KIP MEI AND SHAM SHUI PO AREAS,
THE PROJECT AIMS AT SUPPLYING WATER TO WEST KOWLOON RECLAMATION TO COPE WITH DEMAND ANTICIPATED TO ARISE FROM FUTURE DEVELOPMENTS IN THE AREA.
YEARS.
WORKS ARE SCHEDULED TO BEGIN IN DECEMBER FOR COMPLETION IN
TWO
TENDER FORMS AND FURTHER PARTICULARS CAN BE OBTAINED FROM THE DEPARTMENT, IMMIGRATION TOWER, 44TH FLOOR, 7 GLOUCESTER ROAD, WAN CHAI, HONG KONG.
TENDER OFFERS WILL CLOSE AT NOON ON NOVEMBER 4.
VOLUME AND PRICE MOVEMENTS OF EXTERNAL TRADE IN JULY 1994
THE VOLUME OF RE-EXPORTS IN THE FIRST SEVEN MONTHS OF THIS YEAR RECORDED AN INCREASE OF 13% OVER THE SAME PERIOD LAST YEAR, WHILE THE VOLUME OF DOMESTIC EXPORTS DECREASED BY 5.8%, ACCORDING TO STATISTICS RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
TAKING RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VOLUME OF TOTAL EXPORTS INCREASED BY 8.9%. MEANWHILE, IMPORTS INCREASED BY 11% IN VOLUME.
THE GROWTH IN THE VOLUME OF TRADE IS DERIVED FROM THE GROWTH IN TRADE VALUES WITH THE EFFECT OF PRICE CHANGES BEING DISCOUNTED.
AS REGARDS PRICE CHANGES OVER THE SAME PERIOD OF COMPARISON, THE PRICES OF RE-EXPORTS AND DOMESTIC EXPORTS INCREASED BY 0.7% AND 1.2% RESPECTIVELY. IMPORT PRICES INCREASED BY 1.8%.
PRICE CHANGES ARE REFLECTED BY CHANGES IN UNIT VALUE WHICH ARE COMPILED BASED ON AVERAGE UNIT VALUES OR, FOR COMMODITIES, BASED ON SPECIFIC PRICE DATA.
INDICES,
CERTAIN
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THE TERMS OF TRADE INDEX, DEFINED AS THE RATIO OF TOTAL PRICE INDEX TO IMPORT PRICE INDEX, DECREASED BY 1.0% IN THE FIRST SEVEN MONTHS OF 1994 OVER THE SAME PERIOD LAST YEAR.
COMPARING JULY 1994 WITH JULY 1993, THE VOLUME OF RE-EXPORTS RECORDED AN INCREASE OF 9.0%, WHILE THE VOLUME OF DOMESTIC EXPORTS DECREASED BY 6.1%. TAKEN TOGETHER, THE VOLUME OF TOTAL EXPORTS INCREASED BY 5.7%. MEANWHILE, THE VOLUME OF IMPORTS GREW BY 8.8%.
/OVER THE