XN000022-1993-10-19 — Page 7

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TUESDAY, OCTOBER 19, 1993

OF

THIS WAS 149.7% AND 44.2% HIGHER THAN IN THE SECOND QUARTER 1992 AND THE FIRST QUARTER OF 1993 RESPECTIVELY. THE TREMENDOUS INCREASE WAS MAINLY ATTRIBUTABLE TO A NUMBER OF MAJOR INFRASTRUCTURAL PROJECTS.

COMMERCIAL BUILDING PROJECTS CONSTITUTED THE THIRD LARGEST CATEGORY OF CONSTRUCTION SITE WORK.

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED FOR SUCH PROJECTS TOTALLED $1.7 BILLION, WHICH WAS 16.4% AND 1.7% LOWER THAN IN THE SECOND QUARTER OF 1992 AND THE FIRST QUARTER OF 1993 RESPECTIVELY.

OWING ΤΟ THE WIDESPREAD SUB-CONTRACTING PRACTICES IN THE CONSTRUCTION INDUSTRY, A CONSTRUCTION ESTABLISHMENT CAN BE A MAIN CONTRACTOR FOR ONE CONTRACT AND A SUB-CONTRACTOR FOR ANOTHER CONTRACT AT THE SAME TIME.

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS, INCLUDING BOTH GENERAL AND SPECIAL TRADE CONTRACTORS, COVERS ONLY THOSE PROJECTS IN WHICH THE CONSTRUCTION ESTABLISHMENT TAKES THE ROLE OF A MAIN CONTRACTOR, BUT NOT PROJECTS

IN WHICH IT TAKES ONLY THE ROLE OF A SUB-CONTRACTOR. HOWEVER, SUB-CONTRACTORS' CONTRIBUTION TO PROJECTS SHOULD HAVE BEEN INCLUDED IN THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY THE MAIN CONTRACTORS FOR WHOM THEY WORKED.

MORE DETAILED STATISTICS ON CONSTRUCTION OUTPUT ARE GIVEN IN THE "REPORT ON THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT, 2ND QUARTER 1993".

THE REPORT IS NOW ON SALE AT $5 A COPY AT THE GOVERNMENT PUBLICATIONS CENTRE, GROUND FLOOR, GENERAL POST OFFICE BUILDING, CONNAUGHT PLACE, AND AT THE CENSUS AND STATISTICS DEPARTMENT PUBLICATIONS SECTION, WANCHAI TOWER, 19TH FLOOR, 12 HARBOUR ROAD, WAN CHAI. REGULAR SUBSCRIPTION MAY ALSO BE ARRANGED.

ENQUIRIES ABOUT THE SURVEY MAY BE DIRECTED TO THE BUILDING, CONSTRUCTION AND REAL ESTATE STATISTICS SECTION OF THE CENSUS AND STATISTICS DEPARTMENT ON TEL 839 3265.

FEES FOR DEGREE AND SUB-DEGREE COURSES

AND

THE GOVERNMENT ANNOUNCED TODAY (TUESDAY) THE FEES FOR DEGREE SUB-DEGREE COURSES IN INSTITUTIONS FUNDED BY THE UNIVERSITY AND POLYTECHNIC GRANTS COMMITTEE FOR THE 1994/95 ACADEMIC YEAR.

THE NEW FEE FOR DEGREE COURSES WILL BE $24,000 AND THAT FOR SUB-DEGREE COURSES WILL BE $18,000.

A GOVERNMENT SPOKESMAN SAID THE ADJUSTMENT FOLLOWED A POLICY DECISION IN JANUARY 1991 TO INCREASE GRADUALLY THE COST RECOVERY RATE OF DEGREE COURSES TO REACH 18 PBR CENT BY THE END OF THE 1995-98 TRIENNIUM AND THAT THE FEE FOR SUB-DEGREE COURSES SHOULD BE 75 PER CENT OF THAT FOR DEGREE COURSES.

/"THE OBJECTIVE