XN000022-1986-09-02 — Page 4

TUESDAY, SEPTEMBER 2, 1986

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* TO ASSIST IN THE FORMATION OF A LAND DEVELOPMENT CORPORATION

AND TO MONITOR AND ADVISE ON THE DRAFTING OF A LAND DEVELOPMENT CORPORATION ORDINANCE

* TO ADVISE ON THE QUALIFICATIONS REQUIRED OF AND TERMS OF SERVICE FOR A CHIEF EXECUTIVE FOR THE CORPORATION AND TO SUPERVISE THE APPOINTMENT OF A SUITABLE CANDIDATE TO THE POST AND

* TO IDENTIFY AREAS SUITABLE FOR COMPREHENSIVE REDEVELOPMENT

BY THE LAND DEVELOPMENT CORPORATION, TO PREPARE FEASIBILITY STUDIES AND PRELIMINARY DEVELOPMENT PLANS.

THE BOARD WILL HOLD ITS FIRST MEETING TOMORROW (WEDNESDAY) AFTERNOON TO CONSIDER VARIOUS PROCEDURAL MATTERS.

SECOND QUARTER EXPORTS STATISTICS RELEASED *****.

IN TERMS OF THE VALUE OF DOMESTIC EXPORTS IN THE SECOND QUARTER OF 1986, THE SIX MOST IMPORTANT INDUSTRY GROUPS WERE ELECTRICAL AND ELECTRONIC PRODUCTS, WEARING APPAREL, TEXTILES, PROFESSIONAL AND OPTICAL EQUIPMENT, PLASTIC PRODUCTS, AND BASIC METALS AND FABRICATED METAL PRODUCTS.

THEY TOGETHER ACCOUNTED FOR 84 PER CENT OF THE TOTAL VALUE OF DOMESTIC MERCHANDISE EXPORTS.

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AMONG ALL MANUFACTURING INDUSTRIES, THE LARGEST INCREASES IN ABSOLUTE VALUE OVER THE SECOND QUARTER OF 1985 WERE RECORDED IN TEXTILES (+$1 698 MILLION), ELECTRICAL AND ELECTRONIC PRODUCTS (+$1 037 MILLION), PROFESSIONAL AND OPTICAL EQUIPMENT (+$676 MILLION), WEARING APPAREL (+$614 MILLION), PLASTIC PRODUCTS (+$285 MILLION), AND PAPER AND PAPER PRODUCTS, PRINTING AND PUBLISHING (+$157 MILLION).

IN RELATIVE TERMS, INDUSTRIES WITH THE LARGEST PERCENTAGE INCREASES OVER THE SECOND QUARTER OF 1985 WERE FOOTWEAR (+34 PER CENT), TRANSPORT EQUIPMENT (+34 PER CENT), TEXTILES (+31 PER CENT), PAPER AND PAPER PRODUCTS (+28 PER CENT), AND PROFESSIONAL AND OPTICAL EQUIPMENT (+27 PER CENT).

ON THE OTHER HAND, SIGNIFICANT DECREASES IN THE VALUE OF DOMESTIC EXPORTS COMPARED WITH THE SECOND QUARTER OF 1985 WERE RECORDED FOR NON-ELECTRICAL MACHINERY (-$105 MILLION OR -14 PER CENT), LEATHER AND LEATHER PRODUCTS (-$38 MILLION OR -27 PER CENT), TOBACCO (-25 MILLION OR -13 PER CENT) BEVERAGES (-$18 MILLION OR -21 PER CENT), AND RUBBER PRODUCTS (-$9 MILLION OR -20 PER CENT).

/BESIDES THE