XN000022-1992-06-03 — Page 19

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WEDNESDAY, JUNE 3, 1992

MR KWONG SAID THE RATIOS BETWEEN EMPLOYEES COMPENSATION AND GDP ON THE ON THE ONE HAND, AND BETWEEN GROSS OPERATING SURPLUS AND GDP OTHER, WERE FAIRLY STABLE, WITH A SLIGHT TREND IN FAVOUR OF EMPLOYEES COMPENSATION.

IN VIEW OF A PROGRESSIVE TAXATION SYSTEM FOR SALARY EARNERS AND A SIGNIFICANT INCREASE IN SALARIES IN BOTH MONEY AND REAL TERMS IN RECENT YEARS, HE SAID IT WAS NOT SURPRISING THAT THE PROPORTION OF REVENUE CONTRIBUTED BY SALARIES TAX HAD INCREASED.

FOR THE PAST THREE FISCAL YEARS, THE RATIOS OF REVENUES FROM PROFITS TAX TO REVENUES FROM SALARIES TAX WERE 2.03:1, 1.62:1 AND 1.45:1 RESPECTIVELY.

THE RATIO OF EMPLOYEES COMPENSATION (LABOUR INCOME) TO THE HAS BEEN EDGING UP IN RECENT YEARS, FROM ABOUT 50% IN 1988 TO 51% 1989 AND FURTHER TO SLIGHTLY ABOVE 53% IN 1990.

GDP IN

BY CONTRAST, THE RATIO OF GROSS OPERATING SURPLUS ΤΟ GDP DECREASED FROM ABOUT 50% IN 1988 TO 49% IN 1989 AND SLIGHTLY UNDER 47% IN 1990.

FURTHER

ΤΟ

THE GROSS OPERATING SURPLUS REPRESENTS THAT PART OF THE VALUE ADDED NOT PERTAINING TO EMPLOYEES COMPENSATION, AND THUS COVERS COMPANY PROFITS AND DEPRECIATION OF FIXED ASSETS.

STATISTICAL

OF

MR KWONG SAID IT WAS DIFFICULT TO MAKE MEANINGFUL COMPARISONS BETWEEN HONG KONG AND OVERSEAS ADMINISTRATIONS BECAUSE DIFFERENT TAXATION SYSTEM.

WAITING TIME FOR INSTALLING VILLAGE LAMPS IMPROVING

TIME

FOR

THE WAITING

STREET LAMPS INSTALLING VILLAGE

INSTALLED IMPROVING STEADILY AS THE ANNUAL QUOTA OF STREET LAMPS CURRENTLY GREATER THAN THE NUMBER OF APPLICATIONS BEING RECEIVED.

IS

IS

THIS WAS STATED BY THE SECRETARY FOR WORKS, MR JAMES BLAKE, THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

IN

IN A WRITTEN REPLY TO A QUESTION BY THE HON WONG BLAKE SAID

PRESENT AT

THE AVERAGE WAITING TIME APPLICATION WAS TWO TO THREE YEARS.

WAI-YIN,

MR

REQUIRED

FOR

AN

HE EXPLAINED THAT SUPPLY AND DEMAND WAS THE MAIN REASON FOR THE OUTSTANDING APPLICATIONS FROM EARLIER YEARS, WHEN THE ANNUAL QUOTA WAS INSUFFICIENT TO MEET ALL REQUESTS.

"CONSEQUENTLY,

BE

LOCATIONS BEEN NORMALLY

OR VILLAGES WITH LARGER POPULATIONS

HAVE CRIME OR TRAFFIC BLACK SPOTS CONSIDERED TO ACCORDED HIGHER PRIORITY.

/"LOWER PRIORITY