XN000022-1974-09-11 — Page 6

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WEDNESDAY, SEPTEMBER 11, 1974.

CUTS IN RETAIL RICE PRICE CEILINGS

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A NUMBER OF CUTS IN THE MAXIMUM PRICES WHICH RETAILERS CAN CHARGE FOR RICE WERE ANNOUNCED TO DAY BY THE COMMERCE AND INDUSTRY DEPARTMENT.

AT A MEETING OF THE RICE ADVISORY COMMITTEE IT WAS AGREED THAT RETAIL PRICE CEILINGS FOR RICE IN VARIOUS GRADES SHOULD BE REDUCED TO TAKE ACCOUNT OF FALLING IMPORT PRICES.

THE MAXIMUM PRICE LEVELS WILL NOW RANGE FROM $2.25 TO $2.45 PER CATTY DEPENDING ON THE TYPE OF RICE BEING SOLD.

A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT ACTUAL RARKI RETAIL PRICES VERE ALREADY REFLECTING THE DOWNWARD TREND 1# IMPORT PRICES. AND THE REVISED CEILING STRUCTURE HAD BEEN FIXED TO TAKE THIS INTO ACCOUNT.

AGREEMENT WAS ALSO REACHED AT THE RICE ADVISORY COMMITTEE MEETING TO REDUCE THE MAXIMUM MARK-UP FOR RETAILERS FROM $40 TO $30 PER PICUL.

THIS REDUCTION IS BEING INTRODUCED TO TAKE ACCOUNT OF THE ACTUAL MARK-UPS APPLIED BY RETAILERS.

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WATER CUT ****

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WATER SUPPLY TO A NUMBER OF PREMISES IN SHEUNG SHUI, NEW TERRITORIES, WILL BE SUSPENDED FOR FIVE HOURS FROM 1 A.M. ON FRIDAY (SEPTEMBER 13) TO FACILITATE A TEST FOR LEAKAGE TO BE CONDUCTED IN THE AREA.

AFFECTED BY THE TEMPORARY STOPPAGE WILL BE PREMISES BOUNDED BY JOCKEY CLUB ROAD, LUNG SUM ROAD AND SAN FUNG AVENUE.

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