-
3.
(e)
(f)
when embarking on major renewal and replacement, explain in advance the likelihood of some disruption and delay; and
work with the relevant government departments to develop the MTR system to meet future demands.
Copies of the report, in English and Chinese, will be available for public inspection at public enquiry counters of all district offices next Friday.
End
Gross national product preliminary estimates released
The preliminary estimates of Hong Kong's overall gross national product (GNP) for 1994 was $1,020.5 billion, the Government releases the figure today (Friday), also announces that an investigatory study on compiling a complete balance of payments (BOP) account for the territory will soon be launched.
The estimate is obtained by adding the estimate of Hong Kong residents' net income from abroad for 1994 ($7.9 billion) to the GDP estimate for 1994 ($1,012.6 billion).
Comparing 1994 with 1993, GNP in nominal terms shows a growth of 12.4%. This compares with the nominal growth of 12.8% for GDP over the same period.
GNP is compiled by adjusting GDP by: (a) adding total income earned by Hong Kong residents from outside Hong Kong, and (b) subtracting total income earned by non-Hong Kong residents from within Hong Kong.
Estimates of real gross national product (RGNP), which are obtained from GNP estimates by discounting changes in prices, show a growth of 4.9% between 1993 and 1994. This is slightly lower than the growth rate of 5.3% in GDP at constant prices over the same period.
"GNP figures were released last year for the first time, in respect of the reference year 1993. With figures now available for 1994, growth rates can be worked out for both nominal GNP and RGNP.