XN000022-1976-04-02 — Page 7

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Friday, April 2, 1976

JANUARY ACCOUNTS SHOW $461 M. SURPLUS

The Government accounts for the month of January 1976 show a surplus

of #461 million as compared with a surplus of $268 million in January last year.

This has resulted in a surplus of 176 million (excluding loan receipts)

for the first ten months of the financial year 1975-76, compared with a

deficit of 405 million for the same period last year,

Total revenue for the month at 1992 million was $146 million more

then in January 1975 due mainly to increased receipts from internal revenue.

Total expenditure was 531 million $47 million less than the same

month in 1975, mainly because of decreased spending on public works projects

following the significant decline in contract prices.

HOLIDAY POSTAL ARRANGEMENTS

Postal arrangements for Monday (April 5), a general holiday, were

announced by the Postmaster General today.

There will be one delivery of mail on that day.

At the same time, 32 post offices, including the General Post Office,

the Kowloon Central Post Office and the Tsim Sha Tsui Post Office, will be

open for business from 9 a.m. to 12 noon.

All other post offices will be closed.

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