- 26 -

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Year-on-Year Change in Indices of Payroll Per Person Engaged by Selected Industry Sector

% Change for 4th Quarter 1996 over 4th Quarter 1995

Selected Industry Sector

(nominal terms)

(real terms)

Manufacturing

+ 9.6

+3.4

Wholesale, Retail and

+ 6.1

+0.1

Import/Export Trades,

Restaurants and Hotels

Transport, Storage and

+ 8.8

+2.6

Communications

Financing, Insurance, Real

+10.5

+4.2

Estate and Business Services

Community, Social and

+ 9.8

+3.6

Personal Services

All Industry Sectors Above

+10.1

+3.9

End

Registration of owners' corporation & related fees revised

The fees for the registration of owners' corporations (OCs) and the issuing of certificates of registration of OCs and other related matters will be revised from May 30 with the aim of eventual full recovery of costs in providing the services.

Details of the new fee scale are set out in the Building Management (Fees) (Amendment) Regulation 1997 gazetted today (Friday).

A spokesman for the Home Affairs Branch said the fees under the Regulation were last revised in March 1994 and a recent costing review conducted by the Land Registrar found that the existing fees were substantially below cost.

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