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The consideration of these agreements in December 1994 totalled $24.22 billion down 18.6 per cent and 24.2 per cent compared with the amounts of November 1994 and December 1993 respectively.
The figures are contained in the monthly statistics released today by the Land Registry on deeds relating to property transactions received for registration in the Urban and New Territories Land Registries in December 1994.
Relevant statistics for November 1994 and December 1993 were provided for comparison. Figures on sale and purchase agreements received for the past 12 months and the year-on-year rate of change were also released.
These statistics generally relate to land transactions executed up to four weeks prior to their submission for registration, as there is usually a time lag between the execution of deeds and their lodgement for registration.
End/Monday, January 16, 1995
Labour Advisory Board holds first meeting of current session
The Labour Advisory Board (LAB) held the first meeting of its current session at the Labour Department Headquarters this (Monday) afternoon.
During the meeting chaired by the Commissioner for Labour, Mr Stephen Ip, members agreed on the composition and terms of reference of the board's five committees on employees'. compensation, employment services, implementation of international labour standards, industrial safety and health, and labour relations.
It was agreed at the meeting that a delegation comprising LAB members would attend the 82nd session of the International Labour Conference to be held in early June this year in Geneva, Switzerland.
Members noted two progress reports, one on labour legislation and the other on the Ad hoc Committee on General Duties. Members were also briefed on the proposed new legislation on builder's lifts and tower working platforms and the proposed increase in the rate of levy under the Pneumoconiosis (Compensation) Ordinance.
Mr Ip told members that the Labour Department had completed a review of the Pneumoconiosis Compensation Scheme, details of which would be presented for discussion at the board's special meeting next month.