XN000022-1988-09-06 — Page 7

ROYALTY

1

7

I

TUESDAY, SEPTEMBER 6, 1988

"WE HAD PREVIOUSLY INDICATED THAT WE WOULD ROYALTY IN ADVANCE OF CALLING FOR INTERNATIONAL BIDS.

"ON

FURTHER

CAREFUL

CONSIDERATION,

FIX A SCALE OF

THE

HOWEVER, STAND ON ROYALTY

GOVERNOR-IN-COUNCIL HAS DECIDED THAT AN INFLEXIBLE PAYMENTS WOULD PREJUDICE THE TYPE OF OPERATION THAT RESPECTIVE BIDDERS COULD OFFER, AND THUS CONSTRAIN THE VARIETY AND INNOVATIVENESS OF THE SERVICES THEY OFFER," MR TSAO POINTED OUT.

IT HAS THEREFORE BEEN DECIDED TO LEAVE THE PERCENTAGE ROYALTY TO BE PROPOSED BY THE BIDDERS.

RATE OF

HOWEVER, WE SHALL EXPECT PROPOSALS ON ROYALTY TO BE EXPRESSED AS PERCENTAGES OF GROSS RECEIPTS FROM CABLE TELEVISION SUBSCRIPTIONS AND ADVERTISING OVER THE 15-YEAR PERIOD OF THE LICENCE, HE SAID.

T

MERCHANDISE TRADE BY AIR IN THE FIRST HALF OF 1988

TOTAL MERCHANDISE TRADE BY AIR IN THE FIRST HALF OF VALUED AT $92,580 MILLION OR 27 PER PERIOD OF 1987, AS INDICATED BY THE MERCHANDISE TRADE RELEASED TODAY DEPARTMENT.

1988 WAS CENT ABOVE THAT IN THE SAME SUMMARY STATISTICS ON AIRBORNE BY THE CENSUS AND STATISTICS

IN THE FIRST HALF OF 1988, AIRBORNE DOMESTIC EXPORTS, AND RE-EXPORTS INCREASED IN VALUE TERMS BY 14 PER CENT, 32 AND 35 PER CENT RESPECTIVELY OVER THE SAME PERIOD IN 1987.

IMPORTS PER CENT

THEIR SHARES IN TOTAL DOMESTIC EXPORTS, IMPORTS AND RE-EXPORTS WERE 27 PER CENT, 21 PER CENT AND 17 PER CENT RESPECTIVELY, AS COMPARED TO THE CORRESPONDING SHARES OF 27 PER CENT, 20 PER CENT AND 19 PER CENT IN THE SAME PERIOD IN 1987.

IN TERMS OF WEIGHT, AIRBORNE IMPORTS AMOUNTED TO 139,424 TONNES OR 0.5 PER CENT OF THE TOTAL IMPORT TONNAGE, WHILE TOTAL AIRBORNE EXPORTS (INCLUDING DOMESTIC EXPORTS AND RE-EXPORTS) AMOUNTED TO 178,019 TONNES OR 1.2 PER CENT OF THE TOTAL EXPORT TONNAGE.

AIRBORNE DOMESTIC EXPORTS TO THE MAJOR

MARKETS ARE GIVEN

IN

TABLE 1.

INCREASES IN