XN000022-1992-07-03 — Page 7

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6

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FRIDAY, JULY 3, 1992

THIS IS THE

FIRST

CHANGE

IN

THE LAF RATES

SINCE

ITS

ESTABLISHMENT ON JUNE 8, 1992.

COMMENTING ON THE MOVE, THE

DIRECTOR

THE OF EXCHANGE FUND, MR JOSEPH YAM, SAID: "HONG KONG DOLLAR FOLLOW CLOSELY U.S. DOLLAR INTEREST RATES. WHETHER KONG

(HKAB) WOULD

THE

OFFICE OF INTEREST RATES OR NOT THE HONG THIS DEPOSIT RATES

WHETHER OR NOT FOR IS A MATTER

OF BANKS

F

CUT ASSOCIATION AFTERNOON IS A MATTER FOR THE COMMITTEE OF HKAB; AND

IN THE THERE WOULD BE A CUT

RATE BEST LENDING INDIVIDUAL BANKS.

-

TENDERS CLOSE FOR WESTERN HARBOUR CROSSING

GOVERNMENT THE

HAS RECEIVED ONE BID FOR THE WESTERN HARBOUR CROSSING FRANCHISE ON A "BUILD, OPERATE AND TRANSFER" BASIS.

FROM A

THIS CAME

CONSORTIUM LED BY CROSS HARBOUR TUNNEL

AND COMPANY LTD AND CHINA INTERNATIONAL TRUST

INVESTMENT

KONG

(HOLDINGS) LTD.

HONG

IN ADDITION, THE GOVERNMENT HAS ALSO RECEIVED TWO OTHER PROPOSALS TO UNDERTAKE THE PROJECT.

THEY ARE FROM THE THIRD HARBOUR

JOINT TUNNEL CONTRACTORS

WESTERN HARBOUR VENTURE LED BY LEIGHTON CONTRACTORS ASIA LTD AND THE CROSSING CONTRACTORS LED BY AOKI CORPORATION.

ARE PROPOSALS

NOW BEING

EXAMINED.

THE BID AND THE

IN ACCORDANCE WITH THE GOVERNMENT'S TIMETABLE, A DECISION ON THE TERMS OF

YEAR SO THE FRANCHISE IS EXPECTED TO BE REACHED EARLY CONSTRUCTION CAN START BY MID-1993.

NEXT

TENDERS FOR THE PROJECT CLOSED TODAY (FRIDAY).

THAT

0

STUDY ON GNP STATISTICS

A

THE CENSUS AND STATISTICS DEPARTMENT IS PLANNING TO CONDUCT

PRODUCT (GNP) FEASIBILITY STUDY ON THE COMPILATION OF GROSS NATIONAL ESTIMATES FOR HONG KONG.

THE STUDY AIMS TO IDENTIFY ANY POTENTIAL PROBLEMS INVOLVED, AND TO SEEK POSSIBLE WAYS TO OVERCOME THEM.

TO WHETHER OR NOT

A DECISION AS

GNP ESTIMATES PRODUCED WILL BE MADE AFTER THE COMPLETION OF THE STUDY.

SHOULD BE

THE FEASIBILITY