XN000022-1986-04-20 — Page 4

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SUNDAY, APRIL 20, 1986

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THE GRANT OF A 2.434-HECTARE SITE AT CHEUNG SHA WAN TO CHINA RESOURCES (HOLDINGS) COMPANY LIMITED AT A PREMIUM OF $64 000 000 FOR THE PURPOSES OF A CARGO HANDLING PIER AND GODOWN FACILITIES.

THE SALE BY PUBLIC AUCTION OF A 0.6449-HECTARE SITE AT CANTON ROAD TO SCILLA LIMITED AT A PREMIUM OF $636 000 000 FOR NON-INDUSTRIAL PURPOSES.

DURING THE SAME PERIOD, SURRENDERS AND RESUMPTION OF LAND (EXCLUDING THE NEW TERRITORIES) DROPPED BY 27.6 PER CENT FROM 163 TO 118, WITH THE AMOUNT OF COMPENSATION DECREASING BY 68.2 PER CENT FROM $137.6 MILLION TO $43.6 MILLION.

MR GLEESON SAID THE WHOLE OF THE LAND OFFICE IN CENTRAL WOULD MOVE TO THE NEW GOVERNMENT OFFICES IN QUEENSWAY IN THE SECOND HALF OF 1986.

+AS SOON AS POSSIBLE THEREAFTER COMPUTERISATION OF LAND OFFICE RECORDS WOULD COMMENCE AND FULL CONVERSION IS EXPECTED TO BE COMPLETED DURING THE SECOND HALF OF 1988, HE ADDED.

OF THE EIGHT NEW TERRITORIES DISTRICT LAND REGISTRIES, FIVE HAD NOW BEEN TAKEN OVER BY THE REGISTRAR GENERAL'S DEPARTMENT. IT IS INTENDED THE DEPARTMENT WOULD TAKE OVER THE REMAINDER AS SOON AS POSSIBLE, MR GLEESON SAID.

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MANUFACTURING ORDERS-ON-HAND SHOW INCREASE

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THE AVERAGE VOLUME OF ORDERS-ON-HAND (IN TERMS OF MONTHS) IN THE MANUFACTURING SECTOR INCREASED IN FEBRUARY 1986 COMPARED WITH THE PREVIOUS MONTH, ACCORDING TO THE RESULTS OF A SURVEY RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.

SIGNIFICANT INCREASES IN ORDERS-ON-HAND WERE REPORTED BY THE FABRICATED METAL PRODUCTS AND ELECTRICAL AND ELECTRONIC PRODUCTS INDUSTRIES, WHILE THE WEARING APPAREL INDUSTRY RECORDED A SLIGHT INCREASE. THE ORDER POSITIONS IN OTHER MANUFACTURING INDUSTRIES SHOWED LITTLE CHANGE.

COMPARED WITH THE PREVIOUS MONTH, EMPLOYMENT IN MOST MANUFACTURING INDUSTRIES FELL AS SOME WORKERS LEFT THEIR JOBS AROUND THE CHINESE NEW YEAR.

SUBSTANTIAL DECREASES IN PAYROLL AND PER CAPITA EARNINGS WERE REPORTED BY ALL MANUFACTURING INDUSTRIES AS MANY FIRMS HAD DISTRIBUTED YEAR-END BONUSES AND DOUBLE PAY IN JANUARY.

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