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MONDAY, JULY 25, 1983

1980 BENCHMARK ECONOMIC CENSUS REPORT ON SALE

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A REPORT ON THE FIRST BENCHMARK ECONOMIC CENSUS OF HONG KONG'S STORAGE, COMMUNICATIONS, FINANCING, INSURANCE AND BUSINESS SERVICES FOR THE REFERENCE YEAR 1980, IS NOW ON SALE,

PUBLISHED BY THE CENSUS AND STATISTICS DEPARTMENT, THE REPORT PROVIDES ECONOMIC STATISTICS ON THE STRUCTURE, OPERATING CHARACTERISTICS AND PERFORMANCE OF THE SECTORS CONCERNED.

THE REPORT IS PUBLISHED IN TWO PARTS, PART I ON STORAGE, COMMUNICATIONS, FINANCING AND BUSINESS SERVICES AND PART II ON INSURANCE SERVICES, BOTH PARTS OF THE REPORT CONTAIN DESCRIPTIONS OF THE BACKGROUND AND METHODOLOGY, STATISTICAL CONCEPTS AND MEASURES USED, AND DETAILED ANALYSES OF THE SALIENT FEATURES OF THE SECTORS CONCERNED.

WHILE PART I PROVIDES 40 ANALYTICAL TABLES OF PRINCIPAL/ DETAILED STATISTICS FOR REPORTING ESTABLISHMENTS CLASSIFIED BY SECTOR/GROUP AND ANALYSED BY NUMBER OF PERSONS ENGAGED, TYPE OF OWNERSHIP, CENSUS DISTRICT, INCOME AND RECEIPTS, VALUE ADDED, AND CAPITAL STOCK, PART II CONTAINS 19 ANALYTICAL TABLES OF PRINCIPAL/DETAILED STATISTICS FOR REPORTING ESTABLISHMENTS ANALYSED BY GROUP, NUMBER OF PERSONS ENGAGED, TYPE OF OWNERSHIP, CENSUS DISTRICT, NET PREMIUMS AND INVESTMENT.

SUMMARY RESULTS OF THE SURVEY OF BANKS, DEPOSIT-TAKING COMPANIES AND REPRESENTATIVE OFFICES OF FOREIGN BANKS, 1980 ARE INCLUDED IN PART I.

A DETAILED ANALYSIS OF PREMIUMS AND CLAIMS, FUNDS AND RESERVES BY TYPE OF INSURANCE POLICY IS ALSO PROVIDED IN PART 11.

AS REVEALED IN PART OF THE REPORT, THERE WERE 183 REPORTING ESTABLISHMENTS IN THE STORAGE SECTOR IN 1980, WITH A WORKFORCE OF 4 064 PERSONS. THESE ESTABLISHMENTS GENERATED $665 MILLION OF INCOME AND RECEIPTS, PAID OUT $117 MILLION IN COMPENSATION OF EMPLOYEES AND $350 MILLION IN OPERATING EXPENSES, AND CONTRIBUTED $354 MILLION TO VALUE ADDED.

THE IR CAPITAL STOCK WAS $820 MILLION. WHILE AN AVERAGE EMPLOYEE IN THE STORAGE SECTOR EARNED ABOUT $29 000 PER ANNUM, EACH ESTABLISHMENT, ON AVERAGE, HAD $3.6 MILLION OF INCOME AND RECEIPTS.

IN THE COMMUNICATIONS SECTOR, THERE WERE 50 REPORTING ESTABLISHMENTS IN 1980, ENGAGING 16 010 PERSONS. TOTAL INCOME AND RECEIPTS GENERATED BY THE SECTOR WERE $2 814 MILLION, WITH $643 MILLION SPENT ON COMPENSATION OF EMPLOYEES AND $1 074 MILLION ON OPERATING EXPENSES. VALUE ADDED CONTRIBUTED BY THESE ESTABLISHMENTS WAS $1 730 MILLION WHILE THE IR CAPITAL STOCK WAS WORTH $3 222 MILLION. AVERAGE COMPENSATION PER EMPLOYEE IN THE COMMUNICATIONS SECTOR WAS $40 000 PER ANNUM. INCOME AND RECEIPTS PER ESTABLISHMENT AMOUNTED TO $56.3 MILLION.

THERE WERE