XN000022-1990-08-13 — Page 6

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MONDAY, AUGUST 13, 1990

IMPORTS IMPORTING OF MATERIALS OR EXPORTED FROM OR THROUGH HONG KONG TO CHINA FOR PROCESSING.

FROM CHINA RELATED TO OUTWARD PROCESSING REFER TO THE GOODS FROM CHINA OF WHICH ALL OR PART OF THEIR RAW SEMI-MANUFACTURES ARE UNDER CONTRACTUAL ARRANGEMENT

A SAMPLE OF TRADE DECLARATIONS IN RESPECT OF HONG KONG'S TRADE WITH CHINA (IMPORTS, DOMESTIC EXPORTS AND RE-EXPORTS) ARE SELECTED FOR ENUMERATION TO OBTAIN THE REQUIRED INFORMATION FROM ESTABLISHMENTS.

A SPOKESMAN FOR THE CENSUS AND STATISTICS DEPARTMENT EXPLAINED THAT UNDER THE INTERNATIONALLY ACCEPTED SYSTEM OF RECORDING TRADE FLOWS, ALL MOVEMENTS OF GOODS ACROSS THE BORDER, FOR WHATEVER PURPOSE, ARE RECORDED AS EXTERNAL TRADE. THUS THE MOVEMENTS OF GOODS ASSOCIATED WITH OUTWARD PROCESSING ARE CORRECTLY INCLUDED IN THE REGULAR TRADE STATISTICS.

"THE FINDINGS OF THE SURVEY, HOWEVER, FACILITATE A MORE INFORMED ANALYSIS OF THE NATURE OF HONG KONG-CHINA TRADE.

"IN THIS RESPECT, THE SURVEY RESULTS ARE A USEFUL SUPPLEMENT TO THE REGULAR TRADE STATISTICS," HE SAID.

SURVEY RESULTS FOR THE FIRST QUARTER OF 1990 WILL BE INCLUDED IN PART I OF THE JUNE 1990 ISSUE OF THE "HONG KONG EXTERNAL TRADE" + WHICH WILL BE ON SALE ON THURSDAY, AUGUST 16 AT THE GOVERNMENT PUBLICATIONS CENTRE, GROUND FLOOR, GPO BUILDING, CONNAUGHT PLACE, CENTRAL AT $27 PER COPY.

TWO NOTICES ON OPERATION OF FREEZE ORDER PUBLISHED

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THE GOVERNMENT TODAY (MONDAY)

PUBLISHED TWO NOTICES GIVING

DETAILED GUIDANCE ON THE OPERATION OF THE FREEZE ORDER ON CERTAIN KUWAITI AND IRAQI ASSETS IN HONG KONG.

THE NOTICES HAVE BEEN MODELLED ON THOSE ISSUED BY THE BANK ENGLAND IN THE UNITED KINGDOM.

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COPIES OF BOTH DOCUMENTS HAVE BEEN SENT TO THE STOCK EXCHANGE OF HONG KONG, THE HONG KONG FUTURES EXCHANGE, THE CHINESE COLD AND SILVER EXCHANGE SOCIETY, THE SECURITIES AND FUTURES COMMISSION, THE HONG KONG ASSOCIATION OF BANKS, THE HONG KONG DEPOSIT-TAKING COMPANIES ASSOCIATION, AND THE LAW SOCIETY OF HONG KONG. MEMBERS OF THESE ORGANISATIONS CAN OBTAIN COPIES FROM THEM.

COPIES ARE ALSO AVAILABLE FROM THE MONETARY

24TH FLOOR, TOWER 2, ADMIRALTY CENTRE.

AFFAIRS BRANCH,

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