XN000022-1981-04-04 — Page 3

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SATURDAY, APRIL 4, 1981

THE CAMP OCCUPIES A 4.9-HECTARE SITE GRANTED BY GOVERNMENT ON THE SAI KUNG-HIGH ISLAND RESERVOIR ROAD. IT HAS 11 HOSTEL BLOCKS PROVIDING OVERNIGHT OR DAY ACCOMMODATION FOR GROUPS AND FAMILIES. A WIDE RANGE OF INDOOR AND OUTDOOR RECREATIONAL ACTIVITIES IS PROVIDED TO CATER FOR UP TO 200 000 CAMPER TRIPS A YEAR.

THE SITE WAS GRANTED TO THE PO LEUNG KUK IN 1975 AND THE CAMP'S FOUNDATION STONE WAS LAID BY THE GOVERNOR IN DECEMBER 1978. THE SECRETARY FOR THE NEW TERRITORIES, MR DAVID AKERS-JONES, OPENED PHASE OF THE PROJECT IN MARCH 1979, AND PHASE 11 A YEAR LATER.

PRICE CHANGE AND TRADE VOLUME MOVEMENT FOR JANUARY 1981

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THE PRICES OF BOTH DOMESTIC EXPORTS AND IMPORTS ROSE BY PER CENT IN JANUARY 1981 COMPARED WITH JANUARY 1980 ACCORDING TO ECONOMIC STATISTICS RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.

AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO OF THE DOMESTIC EXPORT PRICE INDEX TO THE IMPORT PRICE INDEX) WAS UNCHANGED.

A LARGER INCREASE IN VOLUME WAS REGISTERED FOR IMPORTS (+22%) THAN FOR DOMESTIC EXPORTS (+18%). THE PRICES OF RE-EXPORTS INCREASED BY 9 PER CENT, WITH VOLUME UP BY 49 PER CENT, SO THAT FOR TOTAL EXPORTS, PRICES ROSE BY 8 PER CENT AND VOLUME BY 27 PER CENT.

PRICES ARE BASED ON UNIT VALUES WHICH DO NOT TAKE INTO ACCOUNT CHANGES IN THE COMPOSITION OR QUALITY OF GOODS TRADED. CHANGES IN THE VOLUME OF TRADE ARE DERIVED FROM CHANGES IN TRADE VALUES, AFTER DISCOUNTING THE EFFECT OF PRICE CHANGES.

THE CHANGES IN THE VALUES, UNIT VALUES AND VOLUMES OF DOMESTIC EXPORTS BY COMMODITY GROUP ARE SHOWN BELOW:

PAG ANG