XN000022-1985-12-05 — Page 11

THURSDAY, DECEMBER 5, 1935

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SINO-BRITISH LAND COMMISSION

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THE TWO SIDES OF THE SINO-BRITISH LAND COMMISSION HAVE AGREED THAT THE SIXTH MEETING OF THE COMMISSION WILL BE HELD ON DECEMBER 12. THE MEETING WILL DISCUSS THE QUESTION OF THE AVERAGE COST OF LAND PRODUCTION.

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HK-EEC TEXTILES AGREEMENT EXTENDED

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THE CURRENT HONG KONG-EEC TEXTILES AGREEMENT WILL BE EXTENDED TO COVER EXPORTS OF COTTON, WOOL AND MAN-MADE FIBRE TEXTILES TO SPAIN AND PORTUGAL FOLLOWING THE IR ACCESSION TO THE EEC WITH EFFECT FROM JANUARY 1, 1986.

ANNOUNCING THIS TODAY (THURSDAY), A TRADE DEPARTMENT SPOKESMAN SAID ON THE ADVICE OF THE TEXTILES ADVISORY BOARD, THE FOLLOWING ARRANGEMENTS WILL BE IMPLEMENTED:

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ENTITLEMENTS TO QUOTA WILL BE CALCULATED ON THE BASIS OF SHIPMENTS LICENSED IN THE REFERENCE PERIOD FROM JULY 1, 1984 TO JUNE 30, 1985.

ALLOCATIONS WILL BE SHARED ON A 50-50 BASIS BETWEEN THE EXPORTERS AND MANUFACTURERS. IN THE CASE OF FINISHED PIECE-GOODS, QUOTAS WILL BE ALLOCATED ON A 40-30-30 BAS13 AMONG EXPORTERS, FINISHERS AND WEAVERS. WHERE THE FINISHED FABRICS ARE PROCESSED FROM IMPORTED GREY FABRICS, THE SHARING WILL BE ON A 50-50 BASIS BETWEEN EXPORTERS AND FINISHERS.

THE SPOKESMAN SAID: +ANY QUOTAS REMAINING AFTER ALLOCATION, INCLUDING THE ENTIRE 1986 RESTRAINT LIMITS OF THOSE CATEGORIES WHERE THERE WAS NO TRADE REGISTERED DURING THE REFERENCE PERIOD, WILL BE MADE AVAILABLE TO THE TRADE IN A FREE QUOTA EXPORT AUTHOR ISATION SCHEME TO BE ANNOUNCED LATER.+

TO FACILITATE CALCULATIONS OF 1986 QUOTAS, EXPORTERS, INCLUDING MANUFACTURERS SHIPPING ON THE IR OWN BEHALF, ARE INVITED TO SUBMIT TO THE DEPARTMENT A RETURN SHOWING THEIR COMPLETE SCHEDULE OF SHIPMENTS OF ALL QUOTA ITEMS TO SPAIN AND PORTUGAL WHICH WERE LICENSED DURING THE REFERENCE PERIOD FROM JULY 1, 1984 TO JUNE 30, 1985.

+ INFORMATION PROVIDED IN THE RETURNS MUST BE TRUE AND CORRECT. ANY COMPANY FOUND TO HAVE SUPPLIED FALSE OR MISLEADING INFORMATION IS LIABLE TO PROSECUTION UNDER THE IMPORT AND EXPORT ORDINANCE,+ THE SPOKESMAN WARNED.

/RETURNS MUST