I
TUESDAY, APRIL 15, 1986
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OA ANOTHER VERY IMPORTANT POINT THE COST IMPLICATIONS R CHAMBERS SAID THE CONSULTANTS ESTIMATED THAT THE CAPITAL COST OF I PLEVENTING THE REPORT'S RECOMMENDATIONS, OVER A FIVE-YEAR 3100, WOULD BE OF THE ORDER OF $950 MILLION, WITH ADDITIONAL RECURRENT EXPENDITURE OF $130 MILLION PER ANNUM,
O THE OTHER HAND, THE REPORT ESTIMATES THAT THIS MONEY COULD BE RECOVERED OVER THE SAME FIVE-YEAR PERIOD, BY BETTER USES OF FACILITIES AND IMPROVED EFFICIENCY.
+HOWEVER THE CONSULTANTS ADMIT THAT THEY MADE A NUMBER OF VERY BROAD ASSUMPTIONS IN THESE CALCULATIONS AND IT IS CLEAR THAT A GREAT DEAL OF MORE DETAILED WORK WILL NEED TO BE DONE ON THE COST ASPECTS BEFORE A REALISTIC ESTIMATE OF THE COSTS AND BENEFITS CAN BE ARRIVED AT, AND THIS WILL BE PUT IN HAND AS SOON AS POSSIBLE,+ HE SAID.
MEANWHILE, THE CONSULTATION PROCESS WAS FIRMLY UNDERWAY, MR CHAMBERS SAID, AND COPIES OF THE REPORT HAD BEEN WIDELY DISTRIBUTED TO INTERESTED PARTIES, INCLUDING SUBVENTED MEDICAL ORGANISATIONS, STAFF ASSOCIATIONS IN THE GOVERNMENT HOSPITAL SYSTEM AND ALL DISTRICT BOARD MEMBERS.
A SUMMARY OF THE REPORT HAD BEEN SEPARATELY PUBLISHED AND COPIES WERE AVAILABLE AT ALL DISTRICT OFFICES.
MR CHAMBERS SAID THAT STAFF FROM HIS BRANCH AND THE MEDICAL AND HEALTH DEPARTMENT WOULD BE PREPARED TO HELP IN DISCUSSIONS ON THE REPORT, AND VIEWS OR COMMENTS SHOULD BE SENT TO THE BRANCH BEFORE THE END OF AUGUST.
+WE LOOK FORWARD TO RECEIVING MANY THOUGHTFUL AND CONSTRUCTIVE VIEWS, WHICH WILL HELP US TO REACH THE RIGHT DECISIONS ON THIS IMPORTANT REPORT,+ HE SAID.
U.S. GSP DELEGATION TO VISIT HK ****
A UNITED STATES DELEGATION WILL VISIT HONG KONG LATER THIS MONTH AS PART OF A PRESIDENTIAL REVIEW OF THE AMERICAN GENERALISED SCHEME OF PREFERENCES.
UNDER THE 1984 TRADE AND TARIFF ACT THE PRESIDENT IS REQUIRED TO REVIEW THE ENTIRE GSP PROGRAMME ON A PRODUCT-BY-PRODUCT AND A BENEFICIARY-BY-BENEFICIARY BASIS. THIS REVIEW HAS BEEN UNDER WAY SINCE FEBRUARY 1985 WITH SUBMISSIONS BEING MADE BY ALL THE PARTIES INVOLVED, INCLUDING HONG KONG,
ASSISTANT DIRECTOR OF TRADE, MR ROBERT FOOTMAN, SAID THAT THE ACT REQUIRED THE REVIEW TO DETERMINE APPROPRIATE COMPETITIVE
FED LEVELS FOR EACH BENEFICIARY APPLICABLE TO EACH PRODUCT.
/TWO COMPETITIVE
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