XN000022-1993-08-12 — Page 8

THURSDAY, AUGUST 12, 1993

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THE RESULTS OF THE QUARTERLY BUSINESS SURVEY, OBTAINED WITH MINIMUM TIME LAG, ARE INTENDED TO PROVIDE A SOURCE OF REFERENCE FOR MAKING A QUICK ASSESSMENT OF THE CURRENT ECONOMIC SITUATION OF HONG KONG FROM A SHORT-TERM PERSPECTIVE.

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THE SURVEY, PARTICIPATING FIRMS WERE ASKED ΤΟ INDICATË WHETHER, IN THEIR OPINION, THE GENERAL BUSINESS SITUATION AND THE LEVEL OF CAPACITY UTILISATION HAD IMPROVED', 'REMAINED THE SAME' OR 'DETERIORATED' IN THE SECOND QUARTER OF 1993 AS COMPARED WITH THE PRECEDING QUARTER.

THEY WERE ALSO ASKED TO INDICATE WHETHER THE SITUATION IS EXPECTED TO IMPROVE', 'REMAIN THE SAME' OR 'DETERIORATE' IN THE THIRD QUARTER OF 1993.

THE OPINIONS OF RESPONDENTS WERE THEN ANALYSED AND THE SUMMARY FINDINGS PUBLISHED IN THE "REPORT ON QUARTERLY BUSINESS SURVEY, SECOND QUARTER 1993".

MOREOVER, THE SURVEY REPORT CONTAINS A SECTION ON THE BUSINESS PROBLEMS EXPERIENCED AND EXPECTED BY FIRMS IN THE DIFFERENT ECONOMIC SECTORS.

A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT IN A SURVEY OF THIS NATURE THE RESULTS SHOULD BE INTERPRETED WITH CAUTION AS IT WAS DIFFICULT то ESTABLISH PRECISELY THE EXTENT TO WHICH RESPONDENTS' ECOLLECTION OF THE PAST AND PERCEPTION OF THE FUTURE ACCORDED WITH THE UNDERLYING TRENDS.

MEMBERS OF THE PUBLIC MAY BUY THE REPORT FROM THE GOVERNMENT PUBLICATIONS CENTRE, GROUND FLOOR, GENERAL POST OFFICE BUILDING, CONNAUGHT PLACE, OR FROM THE PUBLICATIONS SECTION OF THE CENSUS AND STATISTICS DEPARTMENT, 19TH FLOOR, WANCHAI TOWER, 12 HARBOUR ROAD, WAN CHAI, AT $12.5 A COPY.

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FURTHER DETAILS OF THE QUARTERLY BUSINESS SURVEY MAY BE OBTAINED FROM THE INDUSTRIAL RESEARCH SECTION OF THE CENSUS STATISTICS DEPARTMENT ON TEL 839 3223.

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DRAINAGE SYSTEMS BEING UPGRADED

THE DRAINAGE SYSTEMS IN HONG KONG ARE BEING UPGRADED то MAKE THE TERRITORY FRRE OF MARINE WATER POLLUTION AND FLOODING AT AN ESTIMATED COST OF ABOUT $20 BILLION OVER THE NEXT 10 YEARS.

THIS WAS STATED BY THE DIRECTOR OF DRAINAGE SERVICES, MR SIU CHUEN, AT A LUNCHEON OF THE Y'S MEN'S CLUB OF HONG KONG TODAY (THURSDAY).

OUTLINING THE SERVICES OF THE DRAINAGE SERVICES DEPARTMENT, ŠIU SAID THE DEPARTMENT WAS TASKED TO PROVIDE AN EFFICIENT TO RESOLVING THE SEWAGE AND FLOODING PROBLEMS IN HONG KONG.

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