XN000022-1994-01-04 — Page 7

TUESDAY, JANUARY 4, 1994

CHANGES TO STRATEGIC COMMODITIES CONTROL LIST TAKE EFFECT

*

NEW REGULATIONS TO CONTROL MOVEMENT OF STRATEGIC COMMODITIES WILL BECOME EFFECTIVE TOMORROW (WEDNESDAY).

THE

IMPORT AND EXPORT (STRATEGIC COMMODITIES) REGULATIONS DECEMBER (AMENDMENT OF SCHEDULES) (NO. 2) ORDER 1993 WAS GAZETTED ON 3, 1993 AND TABLED TO THE LEGISLATIVE COUNCIL ON DECEMBER 8, 1993.

IT BRINGS REGULATIONS OF HONG KONG IN LINE WITH UPDATED CONTROLS BY THE CO-ORDINATING COMMITTEE FOR

EXPORT CONTROLS (COCOM) AND OTHER INTERNATIONAL STRATEGIC COMMODITIES.

EXPORT

MULTILATERAL CONTROL

REGIMES ON

THE AMENDMENTS TO SCHEDULE 1 OF THE REGULATIONS REFLECT UPDATED CONTROLS COCOM

ON THE MUNITIONS LIST AND ATOMIC ENERGY LIST, AND CERTAIN SIGNIFICANT RELAXATION OF CONTROLS ON DUAL-USE GOODS INCLUDING COMPUTERS, SIGNAL PROCESSING EQUIPMENT, DISK DRIVES AND MODEMS ON INDUSTRIAL LIST, A SPOKESMAN FOR THE TRADE DEPARTMENT SAID.

BE

THE

WILL BESIDES, ALL THE ITEMS IN THE EXISTING MISCELLANEOUS LIST MOVED AND NEW ITEMS ADDED TO THE

LIST INDUSTRIAL

ΤΟ REFLECT

ON CONTROLS

GOODS OF NON-PROLIFERATION

WHILE MISCELLANEOUS LIST WILL BE REPEALED, HE ADDED.

CONCERNS,

THE

CONSEQUENTIAL CHANGES TO SCHEDULE 2 WHICH COVER ARTICLES · IN TRANSIT HAVE ALSO BEEN MADE.

NO

CHANGE, HOWEVER, HAS BEEN MADE TO SCHEDULES 3 AND 4 WHICH COVER END-USE CONTROL AND SPECIFIED ACTIVITIES IN RELATION TO ARTICLES SPECIFIED IN SCHEDULE 3 RESPECTIVELY.

THE SPOKESMAN SAID THE IMPORT AND EXPORT OF STRATEGIC COMMODITIES WERE SUBJECT TO LICENSING CONTROL BY THE OF TRADE.

DIRECTOR-GENERAL

ANY PERSON WHO IMPORTS OR EXPORTS AN ARTICLE SPECIFIED IN THE

WITHOUT SCHEDULES

A LICENCE IS LIABLE TO AN UNLIMITED FINE AND IMPRISONMENT FOR SEVEN YEARS IF CONVICTED, HE ADDED.

0

—

PROVISIONAL RETAIL SALES FIGURES FOR OCTOBER RELEASED

* * * *

ESTIMATED THE VALUE OF TOTAL RETAIL SALES IN OCTOBER LAST YEAR,

SAME MONTH IN 1992, AT $15.3 BILLION, INCREASED BY 14% OVER THE

CENSUS AND ACCORDING ΤΟ STATISTICS RELEASED TODAY (TUESDAY) BY THE STATISTICS DEPARTMENT.

AFTER DISCOUNTING THE EFFECT OF PRICE CHANGES OVER THE TOTAL RETAIL SALES ROSE BY 7% IN VOLUME TERMS.

PERIOD,

THE

INCREASE

WAS MAINLY ATTRIBUTABLE TO A SPENDING ON CLOTHING AND FOOTWEAR, AND ON CLOCKS, AND VALUABLE GIFTS.

JEWELLERY,

STRONG GROWTH IN WATCHES AND

/SALES OF