XN000022-1994-03-19 — Page 3

SATURDAY, MARCH 19, 1994

THE COMPANY

2

DID WHICH

NOT

RESPOND

то

THE DEPARTMENT OF COMMERCE'S QUESTIONNAIRE RECEIVED A PUNITIVE 115.15% RATE.

NKSA BUT NOT FOURTEEN OF THE OTHER 22 COMPANIES NAMED BY THE SELECTED FOR INVESTIGATION BY THE DEPARTMENT OF COMMERCE WERE ASSIGNED A NEW "SAMPLE GROUP RATE" OF 31.72%, A SHARP INCREASE FROM THE CURRENT RATE OF 5.86%.

THIS WAS CALCULATED AS A SIMPLE AVERAGE OF THE INDIVIDUAL RATES UNVERIFIED ASSIGNED TO THE FOUR COMPANIES INVESTIGATED, INCLUDING THE PUNITIVE RATE ON THE COMPANY WHICH DID NOT RESPOND IN THE REVIEW.

ALSO

FOUR OTHER COMPANIES IN THE SAMPLE GROUP WHICH HAD NOT RETURNED

OF DEPARTMENT

COMMERCE WERE A SAMPLING QUESTIONNAIRE TO THE ASSIGNED THE PUNITIVE 115.15% RATE,

RETAINED

DID NOT THE

THE REMAINING FOUR COMPANIES IN THE SAMPLE GROUP THAT

THE REVIEW PERIOD EXPORT SWEATERS TO THE U.S. DURING CURRENT RATE OF 5.86%.

OTHER COMPANIES NOT IN THE SAMPLE GROUP WILL THE CURRENT ANTI-DUMPING DUTY RATE OF 5.86%.

CONTINUE ΤΟ PAY

HONG KONG KNITWEAR INDUSTRY THE HONG KONG GOVERNMENT AND REPRESENTATIVES RAISED SERIOUS CONCERNS AND CHALLENGED U.S. DEPARTMENT DIFFERENT RATES FOLLOWING OF COMMERCE'S CALCULATION ON THE ANNOUNCEMENT OF THE PRELIMINARY REVIEW IN NOVEMBER 1993.

ON MARCH 18, 1994, THE DEPARTMENT OF COMMERCE FINAL DETERMINATION OF THE FIRST ADMINISTRATIVE REVIEW.

ANNOUNCED THE

THE PRINCIPAL CHANGE FROM THE PRELIMINARY DETERMINATION IS THAT THE "SAMPLE GROUP RATE" (AFFECTING 14 HONG KONG COMPANIES) HAS CHANGED IN THE FINAL FROM 31.72% IN THE PRELIMINARY DETERMINATION TO 20.64% DETERMINATION.

OF THE CHANGE IS MADE ON TECHNICAL GROUNDS BUT THE CALCULATION

DUMPING MARGIN OF THE 20.64% RATE CONTINUES TO INCLUDE THE PUNITIVE

OF UNVERIFIED ONE COMPANY (115.15%) WHICH IS ARRIVED AT ON THE BASIS INFORMATION.

KNITWEAR INDUSTRY

BOTH THE HONG KONG GOVERNMENT AND HONG KONG HAVE CONSISTENTLY ARGUED AGAINST THE INCLUSION OF SUCH PUNITIVE RATES.

-

0

T

GFS LOOKS FOR LOCAL CADET PILOTS

LOCAL YOUNG MEN AND WOMEN WHO LOVE FLYING MAY HAVE THEIR DREAMS THE GOVERNMENT FLYING COME TRUE NOW THAT A LOCALISATION SCHEME OF SERVICE IS IN FULL SWING.

THREE LOCAL CADET PILOTS AGED BETWEEN 18 RECRUITED IN THE NEXT FEW MONTHS.

AND 25

WILL BE

THEY WILL BE GIVEN A TWO-YEAR FULL-TIME TRAINING IN HONG AND OVERSEAS.

/A SPOKESMAN

KONG