XN000022-1974-02-14 — Page 8

Thursday, February 14, 1974

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EXPORT QUOTA CONTROLS ON PLASTICS EXTENDED

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The Commerce and Industry Department announced today that export

quota controls are to be imposed on a fifth category of plastic reu materials,

The item concerned, polymerisation and copolymerisation resins,

moulding and extrusion compounds, appears under category 581298 in the

Hong Kong Importo and Experte Classification list.

It has been decided to impose export quot controls on this category

because the quantities licensed for export since January 1 are substantially

above the monthly average for 1973.

The issue of export licences has been suspended until quotas have

been allocated and notified to the trade.

An oxport licensing scheme to cover 55 different categories of plastic

raw materials was introduced at the beginning of the yoar.

The four items on which controls are already in force are polypropylene

low density and high density polyethylene and P.V.C. resins.

Mr. Jinny McGregor, Deputy Director of Commerce and Industry, said

it was already clear that the application of a licensing system at the beginning

of the year had helped to stabilise the supply position of essential raw

materials to the plastics industry.

We are only applying export quota controls when it becomes apparent

that re-exports of specific categories have reached a level which could disturb

the traditional pattern of supplies available for local consumption," he added.

"Trado and