XN000022-1977-06-10 — Page 7

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FRIDAY, JUNE 10, 1977

IN ADDITION, HE CONTINUED, ANOTHER 1.6 MILLION LONG TONS OF CARGO WERE DISCHARGED AND 187,000 LONG TONS LOADED, BY OVER 35,000 RIVER-TRADE VESSELS EVERY YEAR.

+TO STIR THINGS UP A BIT MORE, HOWEVER, WE HAVE TO ADD TO THE MIXTURE A FURTHER 16,647 SMALL CRAFT OF ALL DESCRIPTIONS WHICH PLY THE IR TRADE LOCALLY. ́ ́THESE LATTER CRAFT NOT ONLY PROVIDE WORK AND A LIVELIHOOD FOR THEIR CREWS BUT IN MANY CASES, A HOME ALSO,+ HE SAID.

HE POINTED OUT THAT ANY UNDUE DELAY IN ENSURING THE QUICK TURN AROUND OF SHIPS WOULD INVOLVE INCREASED COSTS WHICH, INEVITABLY WOULD HAVE TO BE BORNE IN THE FINAL ANALYSIS BY THE CONSUMER IN HONG KONG.

+SO, ONE OF THE REASONS FOR KEEPING PRICES STABLE AND AT A REASONABLE LEVEL IN HONG KONG MAY BE ATTRIBUTED TO EFFICIENT PORT OPERATIONS. HE SAID.

TAX RELIEF FOR APPROVED CHARITABLE DONATION

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A REVISED LIST OF CHARITABLE INSTITUTIONS AND TRUSTS WHICH HAVE BEEN RECOGNISED ON MAY 31, 1977, AS EXEMPT FROM TAX UNDER SECTION 88 OF THE INLAND REVENUE ORDINANCE IS PUBLISHED IN SPECIAL SUPPLEMENT NO. 4 OF THE GAZETTE TODAY. THIS REVISED LIST SUPERSEDES ALL PREVIOUS ONES.

THE INLAND REVENUE ORDINANCE PROVIDES, SUBJECT TO CERTAIN LIMITATIONS, TAX RELIEF FOR PERSONS WHO MAKE DONATIONS OF MONEY TO ANY CHARITABLE INSTITUTION OR TRUST OF A PUBLIC CHARACTER.

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