XN000022-1988-03-23 — Page 5

WEDNESDAY, MARCH 23, 1988

UNDER

THE

ON

THE

HE ALSO POINTED OUT THAT ALMOST ALL QUOTA AVAILABLE BILATERAL AGREEMENTS WAS ALLOCATED TO HONG KONG MANUFACTURERS BASIS OF PAST PERFORMANCE, NOT AUCTIONED OR SOLD TO MANUFACTURERS.

RULES,

MANUFACTURERS MAY TRANSFER SIMPLE "SUBJECT TO A FEW HALF OF THE QUOTA ALLOCATED TO THEM EITHER TEMPORARILY OR PERMANENTLY, IMPORTANT BECAUSE THE AMOUNT OF QUOTA AVAILABLE IS LIMITED AND IT IS THAT ALL OF IT BE USED."

OF

OF HONG KONG'S TRADE, HE TURNING TO THE VOLUME AND PATTERN

LAST

WAS YEAR

$756 HONG KONG'S TRADE SAID THE TOTAL VALUE BILLION.

BILLION ORIGIN

$195 IMPORTS, BILLION WORTH OF $378 "IT INCLUDES DOMESTIC EXPORTS, $84 BILLION RE-EXPORTS OF GOODS OF CHINESE AND $99 BILLION RE-EXPORTS OF OTHER GOODS.

"THE BULK OF HONG KONG DOMESTIC EXPORTS AND EUROPE AND ABOUT 14 PER CENT TO THE PEOPLE'S REPUBLIC OF CHINA.

GO TO NORTH AMERICA

PARTICULAR, IN

WITH

HAS

GROWN

"HONG KONG'S ENTREPOT TRADE, EXTRAORDINARY SPEED IN RECENT YEARS, BY SOME 22 TIMES IN BIGHT YEARS.

IN 1978 TO "RE-EXPORTS TO CHINA GREW FROM ABOUT $200 MILLION

RE-EXPORTS FROM CHINA GREW FROM OVER $60,170 MILLION IN 1987, AND

** PERIOD, MR ABOUT $3,700 MILLION TO OVER $84,266 MILLION IN THE SAME MILLER SAID.

INDUSTRIALISTS REMINDED TO REGISTER

(WEDNESDAY) OUT FOR THEM LEGISLATION WHICH

THE ENVIRONMENTAL PROTECTION DEPARTMENT (EPD) TODAY REMINDED ELIGIBLE INDUSTRIALISTS THAT TIME WAS RUNNING TO REGISTER FOR EXEMPTIONS UNDER POLLUTION CONTROL WILL TAKE EFFECT FROM APRIL 1.

ROBERT MR

LAW, SAID THAT FACTORIES

THE ASSISTANT DIRECTOR, THAT WERE ENTITLED TO EXEMPTIONS THE SPECIFIED PROCESSES ORDINANCE HAD BEEN INFORMED SEVERAL WITH THE DEPARTMENT BEFORE APRIL 1, BUT MANY HAD NOT YET DONE SO.

FROM LICENSING REQUIREMENTS UNDER PROVISIONS OF THE AIR POLLUTION CONTROL TIMES THAT THEY MUST REGISTER

"IF THEY DO NOT REGISTER BEFORE THE

CUTOFF DATE, THEY WILL LICENCE FROM US OR

FACE A FINE OF $5,000 AND WILL HAVE TO OBTAIN A HAVE TO SUSPEND OPERATIONS,'

MR LAW SAID.

MORE LICENCE OR

"THE PENALTY FOR NOT COMPLYING WITH THE ORDINANCE IS MUCH SEVERE IF FACTORIES OPERATE A SPECIFIED PROCESS WITHOUT A AN EXEMPTION AFTER APRIL 1.

/"IN THESE