XN000022-1978-09-14 — Page 5

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THURSDAY, SEPTEMBER 14, 1978

GOVERNMENT ACCOUNTS FOR JUNE

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THE GOVERNMENT ACCOUNTS FOR THE MONTH OF JUNE, 1978 SHOW A DEFICIT OF $77.4 MILLION COMPARED WITH A DEFICIT OF $179.2 MILLION IN JUNE LAST YEAR. THIS HAS BROUGHT THE ACCUMULATED SURPLUS TO $370.7 MILLION FOR THE FIRST THREE MONTHS OF THIS FINANCIAL YEAR, COMPARED WITH AN ACCUMULATED SURPLUS OF $24.7 MILLION FOR THE SAME PERIOD LAST YEAR.

TOTAL EXPENDITURE, AT $794.6 MILLION, WAS $171.2 MILLION MORE THAN IN JUNE, 1977.

TOTAL REVENUE AND RECEIPTS, AT $717.2 MILLION, WERE $273 MILLION MORE THAN FOR THE SAME MONTH LAST YEAR.

NOTE TO EDITORS:

FURTHER STUDY OF PROPOSED LIGHT RAIL SYSTEM

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AN AGREEMENT FOR A FURTHER STUDY OF A PROPOSAL FOR A LIGHT RAIL SYSTEM ALONG HONG KONG ISLAND'S COASTAL STRIP WILL BE SIGNED TOMORROW (FRIDAY) AT 10 A.M. IN THE G.I.S. THEATRE, FIFTH FLOOR, BEACONSFIELD HOUSE, QUEEN'S ROAD CENTRAL.

SIGNING ON BEHALF OF THE PUBLIC WORKS DEPARTMENT WILL

BE MR. NICKY CHAN, ACTING DIRECTOR OF ENGINEERING DEVELOPMENT, AND ON BEHALF OF THE CONSULTANTS, MARTIN AND VOORHEES ASSOCIATES, MR. BRIAN MARTIN.

YOU ARE INVITED TO SEND A REPRESENTATIVE TO COVER THE CEREMONY.

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