XN000022-1984-06-24 — Page 4

SUNDAY, JUNE 24, 1984

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COMPENSATION OF EMPLOYEES AMOUNTED TO $1 710 MILLION AND OPERATING EXPENSES TO $3 452 MILLION, REPRESENTING INCREASES OF 75 PER CENT AND 90 PER CENT RESPECTIVELY OVER 1980. THE IR TOTAL BUSINESS RECEIPTS AND OTHER INCOME INCREASED BY 80 PER CENT, AMOUNTING TO $6 966 MILLION. IN 1982, THE SECTOR CONTRIBUTED $2 993 MILLION TO THE GROSS DOMESTIC PRODUCT OF HONG KONG IN TERMS OF VALUE ADDED, AN INCREASE OF 45 PER CENT OVER 1980.

IN THE COMMUNICATIONS SECTOR, THERE WERE 93 ESTABLISHMENTS IN OPERATION IN 1982, INCLUDING TELEPHONE, TELEGRAPH, COURIER, RADIO PAGING AND OTHER TELE-COMMUNICATION COMPANIES.

THIS REPRESENTED AN INCREASE OF 55 PER CENT OVER 1980. THESE ESTABLISHMENTS EMPLOYED A WORKFORCE OF 19 450 PERSONS (AN INCREASE OF 21 PER CENT OVER 1980) AND GENERATED $4 514 MILLION (AN INCREASE OF 60 PER CENT) OF BUSINESS RECEIPTS AND OTHER INCOME. SOME $1 118 MILLION WERE SPENT ON COMPENSATION OF EMPLOYEES AND $1 727 MILLION ON OPERATING EXPENSES, REPRESENTING INCREASES OF 73 PER CENT AND 60 PER CENT RESPECTIVELY OVER 1980.

THIS SECTOR'S CONTRIBUTION TO THE GROSS DOMESTIC PRODUCT OF HONG KONG IN TERMS OF VALUE ADDED WAS ESTIMATED TO BE $2 770 MILLION (AN INCREASE OF 60 PER CENT).

IN 1982, 859 INSURANCE COMPANIES, COMPRISING GENERAL AND LIFE INSURERS, INSURANCE AGENTS AND OTHER RELATED SERVICES, WERE IN OPERATION (AN INCREASE OF 35 PER CENT OVER 1980). THIS SECTOR, WITH A WORKFORCE OF 8 735 PERSONS (AN INCREASE OF 20 PER CENT), GENERATED $5 247 MILLION OF BUSINESS RECEIPTS AND OTHER INCOME (AN INCREASE OF 51 PER CENT), BUT SPENT $484 MILLION ON COMPENSATION OF EMPLOYEES (AN INCREASE OF 44 PER CENT) AND $472 MILLION ON OPERATING EXPENSES (AN INCREASE OF 87 PER CENT).

ACCORDING TO THE SURVEY RESULTS, 196 STORAGE ESTABLISHMENTS WERE IN OPERATION FOR THE WHOLE OR PART OF 1982. REPRESENTING A DECREASE OF 8 PER CENT OVER THE 1980 FIGURE. THE NUMBER OF PERSONS ENGAGED BY THE SECTOR ALSO DECREASED BY 2 PER CENT TO 4 243 PERSONS. THESE ESTABLISHMENTS GENERATED $824 MILLION OF BUSINESS RECEIPTS AND OTHER INCOME (AN INCREASE OF 17 PER CENT OVER 1980). THEY SPENT $151 MILLION ON COMPENSATION OF EMPLOYEES (AN INCREASE OF 22 PER CENT) AND $484 MILLION ON OPERATING EXPENSES (AN INCREASE OF 31 PER CENT). THE SECTOR CONTRIBUTED $408 MILLION (AN INCREASE OF 9 PER CENT) TO THE GROSS DOMESTIC PRODUCT OF HONG KONG, MEASURED IN TERMS OF VALUE ADDED.

AS REGARDS GOVERNMENT/SEMI-GOVERNMENT INSTITUTIONS, THE TOTAL NUMBER OF ESTABLISHMENTS PROVIDING INSURANCE AND COMMUNICATIONS SERVICES REMAINED UNCHANGED, AT 2, IN 1982. THE NUMBER OF PERSONS ENGAGED, HOWEVER, INCREASED TO 4 322 (AN INCREASE OF 23 PER CENT OVER 1980). TOTAL SPENDING ON COMPENSATION OF EMPLOYEES AMOUNTED TO $276 MILLION (AN INCREASE OF 62 PER CENT), WHILE THAT ON OPERATING EXPENSES TO $296 MILLION (AN INCREASE OF 47 PER CENT). BUSINESS RECEIPTS AND OTHER INCOME ALSO ROSE TO $676 MILLION (AN INCREASE OF 51 PER CENT).

/THE ATTACHED