XN000022-1987-05-20 — Page 18

WEDNESDAY, MAY 20, 1987

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CHANGES TO QUOTA GROUPING ANNOUNCED

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ON THE ADVICE OF THE TEXTILES ADVISORY BOARD, THE TRADE DEPARTMENT HAS DECIDED TO KEEP SUITS, WOOL COATS AND WOOL TROUSERS UNDER THE SAME GROUPING, THAT IS, GROUP K FOR THE PURPOSE OF CALCULATING THE TRANSFER-OUT PERCENTAGE FOR THE U.S. MARKET.

UNDER THE TEXTILE QUOTA TRANSFER RULES. A QUOTA-HOLDER WHO TEMPORARILY TRANSFERS 50 PER CENT OR MORE OF THE QUOTA-HOLDING WITHIN A PARTICULAR GROUP OF CATEGORIES FOREGOES A PROPORTION OF THE QUOTA OTHERWISE DUE FOR ALLOCATION TO HIM IN THE FOLLOWING YEAR.

ANNOUNCING THIS TODAY (WEDNESDAY), A SPOKESMAN FOR THE DEPARTMENT SAID THE DECISION WAS MADE FOLLOWING A REVIEW OF GROUP K WHICH IS A HIGHLY UTILISED CATEGORY WITH A LOW RATE OF TEMPORARY TRANSFER-OUT.

IT WAS AGREED AT THE LAST REVIEW OF THE TEXTILES QUOTA TRANSFER RULES IN DECEMBER 1986 THAT THE APPROPRIATENESS OF THREE PARTICULAR GROUPS FOR THE U.S. MARKET SHOULD BE REVIEWED

IN ABOUT SIX MONTHS TIME.

AS FAR

THE THREE GROUPS ARE GROUPS D (COTTON, WOOL AND MAN-MADE FIBRES SWEATERS) E (SILK BLEND AND OTHER VEGETABLE FIBRES SWEATERS) AND K (SUITS, WOOL COATS AND WOOL TROUSERS). AS GROUP K WAS CONCERNED, ONE OPTION WAS TO PUT THE WOOL COATS AND TROUSERS UNDER GROUP J (COATS) AND GROUP F (TROUSERS) RESPECTIVELY.

THE SPOKESMAN ADDED THAT THE RESULTS OF THE REVIEW ON GROUPS D AND E WOULD BE SUBMITTED TO THE TEXTILES ADVISORY BOARD IN A FEW WEEKS' TIME.

THREE NT SITES FOR RENT *****

THREE NEW TERRITORIES LOTS ARE TO BE LET ON SHORT TERM TENANCIES BY THE BUILDINGS AND LANDS DEPARTMENT.

ONE, AT THE JUNCTION OF CONTAINER PORT AND TSUEN WAN ROADS, KWAI CHUNG, MEASURES 5 000 SQUARE METRES AND IS FOR CAR PARKING.

THE TENANCY IS SIX MONTHS, RENEWABLE MONTHLY AFTERWARDS.

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