XN000022-1989-02-24 — Page 15

14

FRIDAY, FEBRUARY 24, 1989

THE HANG SENG CPI IS BASED ON THE EXPENDITURE PATTERN OF THE 10 PER CENT OF URBAN HOUSEHOLDS IN HONG KONG THAT SPENT $10,000-24,999 A MONTH DURING THE 1984-85 HOUSEHOLD EXPENDITURE SURVEY.

FURTHER DETAILS REGARDING THIS INDEX ARE INCLUDED IN THE HANG SENG СРІ REPORT ISSUED BY THE ECONOMIC RESEARCH DEPARTMENT OF HANG SENG BANK LTD.

NEW LIQUOR LICENCE FEES IN APRIL

* * * * * *

THE DUTIABLE COMMODITIES (LIQUOR LICENCES) (SPECIFICATION OF FEES) (REGIONAL COUNCIL AREA) NOTICE 1988, SPECIFYING NEW LIQUOR LICENCE FEES WITH EFFECT FROM APRIL 1, WAS PUBLISHED IN THE GOVERNMENT GAZETTE TODAY (FRIDAY).

FEES FOR THE LIQUOR LICENCE WITH BAR WILL BE INCREASED FROM $2,000 TO $2,320, LIQUOR LICENCE WITHOUT BAR WILL BE INCREASED FROM $1.000 TO $1,160, WHILE CLUB LIQUOR LICENCE WILL BE $580 INSTEAD OF $500.

MISCELLANEOUS FEES INCLUDING FEES FOR THE TRANSFER OF LICENCE AND FOR THE AMENDMENT OF A LICENCE WILL, HOWEVER, REMAIN UNCHANGED AT A CURRENT CHARGE OF $65.

THE REVISION OF LIQUOR LICENCE FEES AIMS TO RECOVER THE COST OF ADMINISTERING THE LIQUOR LICENSING SYSTEM, A REGIONAL SERVICES DEPARTMENT SPOKESMAN SAID.

A RECENTLY COMPLETED REVIEW ON THE SYSTEM SHOWED THAT THE OLD FEE CHARGES WOULD BRING TO AN ESTINATED DEFICIT OF $113,644 IN 1989-90, REPRESENTING A SUBSIDY LEVEL OF 13 PER CENT, HE SAID.

CENT.

IN ORDER TO ACHIEVE A BREAKEVEN IN ADMINISTERING THE SYSTEM BY 1989-90, THE LIQUOR LICENCE FEES HAVE TO BE INCREASED BY 16 PER THE SPOKESMAN ADDED.

FULL

THE REVISION WAS APPROVED BY THE LICENSING BOARD AND ENDORSED BY THE YEAR.

REGIONAL COUNCIL'S LIQUOR COUNCIL IN DECEMBER

LAST

0

15