+
16
*
The spokesman said operating as a trading fund, the Land Registry was required to provide efficient and effective service and at the same time to recover the cost of its services.
"The Land Registry has been improving and developing its services and facilities and will continue to do so.
"It has recently computerised the New Territories land registers, provided on- line land search facilities, and introduced a modern Document Imaging System," the spokesman said.
End
Construction output statistics for 1995 third quarter
** **
The gross value of construction work performed, in nominal terms by main contractors, including general and special trade contractors, amounted to $24.7 billion in the third quarter of 1995, and was 12.9% higher than a year earlier, according to the results of the Quarterly Survey of Construction Output released today (Friday) by the Census and Statistics Department.
Compared with the second quarter of 1995, the gross value of construction work performed by main contractors in the third quarter of 1995 increased by 0.7%.
Provisional estimate of the gross value of construction work performed, measured at constant (1990) market prices in the third quarter of 1995 was 1% higher than in the third quarter of 1994.
The gross value of construction work performed at private sector sites in the third quarter of 1995 totalled $8.6 billion, and was 4.8% lower than in the third quarter of 1994. Over the same period, the gross value of construction work performed at constant (1990) market prices dropped by 13.1%. This was partly related to the completion of a number of major private sector projects.
On the other hand, the gross value of construction work performed at public sector sites was $9.3 billion. It showed a substantial increase of 42.9% over the third quarter of 1994, reflecting the intensification of work on the major infrastructural projects. The corresponding increase when measured at constant (1990) market prices
was 33.1%.