XN000022-1980-02-27 — Page 1

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DAILY INFORMATION BULLETIN

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ISSUED BY GOVERNMENT INFORMATION SERVICES BEACONSFIELD HOUSE, HONG KONG. TEL: 5-233191

CONTENTS

WEDNESDAY, FEBRUARY: 27, 1980

INCREASE IN PERSONAL TAXATION ALLOWANCES PROPOSED.

$2 318 MILLION SURPLUS PREDICTED FOR 1979/80

HK'S GDP IN 1980 TO GRO BY NINE PER CENT

1979 ANXIETIES RECEDING AS HK ENTERS 1980

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HK ECONGMY MOVING TOWARDS INTERNAL AND EXTERNAL EQUILIBRIUM

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DOMESTIC EXPORTS IN 1980 TO GROW BY SEVEN PER CENT

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ONLY ONE FEE INCREASE PROPOSAL IN THE BUDGET

REVALUATION OF RATEABLE VALUES ABANDONED

TOTAL REVENUE TO RISE TO $21 428. MILLION

'STARTLING' RISE IN TOTAL EXPENDITURE

TAX REFORM TO FLUG LOOPHOLE

MORE LAND TO BE PUT ON SALE

$2 943 MILLION

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