XN000022-1985-02-27 — Page 1

IS

DAILY INFORMATION BULLETIN

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

CONTENTS

WEDNESDAY, FEBRUARY 27, 1985

PAGE NO.

LEGISLATIVE COUNCIL MEETING:

SIR JOHN AIMS FOR BALANCED BUDGET

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SEVEN PER CENT GDP GROWTH FORECAST

SECOND YEAR OF EXPORT-LED GROWTH

NEW REVENUE MEASURES 'CLEARLY INEVITABLE'

PROPOSALS TO YIELD $1.2 BILLION NET

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เป

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5

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RATIONALE EXPLAINED

NO NET DEBT, SAYS SIR JOHN

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+

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'SPENDING LOWER THAN EXPECTED'

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GENERAL REVENUE EXPENDITURE HELD TO $29.4 BILLION

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FURTHER DEFICIT REDUCTION SEEN

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NO NEED FOR BOND ISSUE

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FUEL DUTY RISE KEPT TO 10 PER CENT

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DUTY PAYABLE IMMEDIATELY ........

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SOFT DRINKS 'NOT A NECESSITY!

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SIR JOHN'S NEWS FOR DRINKERS

COST PER PUFF RISES

$100 MILLION FROM BEAUTY BUSINESS

DUTY FREE CONCESSIONS RIVISED

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CIVIL SERVICE FRESZE TO CONTINUE

LAW TO BEAT TAX EVADERS

NEW LIMIT ON DTC DEPOSITS PROPOSED

$90M SEEN FROM AIR DEPARTURES

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$55M MORE FROM BUSINESS FEES

GOVERNMENT FEES, CHARGES TO YIELD $5.8 BILLION

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/HIGHER TAX