XN000022-1994-08-23 — Page 8

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TUESDAY, AUGUST 23, 1994

THE CONTRACT PRICE OF $1,738 MILLION (IN MONEY OF THE DAY) DESIGNING AND CONSTRUCTING THE TING KAU BRIDGE, THE APPROACH AND CONNECTIONS TO TUEN MUN ROAD IS WITHIN THE GOVERNMENT'S OF $2,438 MILLION FOR THE CONTRACT.

FOR

VIADUCT ESTIMATE

THE HIGHWAYS

AND

THE DETAILED PLANNING FOR THE CONTRACT WAS MANAGED BY LANTAU FIXED CROSSING PROJECT MANAGEMENT OFFICE OF THE DEPARTMENT WHO WILL ALSO BE RESPONSIBLE FOR THE ADMINISTRATION SUPERVISION OF THE CONTRACT.

PROVISIONAL FIGURES ON RETAIL SALES FOR JUNE 1994 RELEASED

THE VALUE OF TOTAL RETAIL SALES IN JUNE $15.9 BILLION, INCREASED BY 9% WHEN COMPARED WITH JUNE 1993, ACCORDING ΤΟ STATISTICS RELEASED TODAY (TUESDAY) BY THE CENSUS

1994, ESTIMATED

AT

AND STATISTICS

DEPARTMENT.

PERIOD, AFTER DISCOUNTING THE EFFECT OF PRICE CHANGES OVER THE TOTAL RETAIL SALES ROSE BY 3% IN VOLUME TERMS IN JUNE 1994 OVER A YEAR EARLIER.

GROWTH IN BY

THE INCREASE IN JUNE 94 WAS MAINLY ATTRIBUTABLE TO

SALES OF THESE ITEMS INCREASED SPENDING ON CLOTHING AND FOOTWEAR. 25% IN VALUE AND 15% IN VOLUME.

JEWELLERY AND IN

MODERATE INCREASES WERE RECORDED IN THE SALES OF WATCHES (9% IN VALUE AND 4% IN VOLUME); FUELS (9% IN VALUE AND 4% VOLUME); AND OTHER FOODSTUFFS (6% IN VALUE AND 5% IN VOLUME).

SALES IN SUPERMARKETS AND SALES OF CONSUMER DURABLE GOODS OTHER BUT THAN MOTOR VEHICLES INCREASED BY 8% AND 3% RESPECTIVELY IN VALUE,

SALES IN DEPARTMENT BOTH WITH VIRTUALLY NO CHANGE IN VOLUME. INCREASED BY 7% IN VALUE, BUT DROPPED BY 1% IN VOLUME.

ON

STORES

THE OTHER HAND, SALES OF MOTOR VEHICLES DECREASED BY 6% VALUE AND 11% IN VOLUME.

MAY

BUT 1994,

BEARING IN

MIND

IN

THAT THIS

IN

WITH COMPARED COMPARISON MAY BE AFFECTED BY SEASONAL FACTORS, TOTAL RETAIL SALES JUNE 1994 DECREASED BY 3% IN VALUE AND IN VOLUME TERMS.

THE SAME 8% IN

WITH COMPARING THE FIRST SIX MONTHS OF THIS YEAR PERIOD LAST YEAR, TOTAL RETAIL SALES ROSE BY 14% IN VALUE AND VOLUME.

THE VOLUME OF RETAIL SALES IS DERIVED FROM THE VALUE OF

THE RELEVANT COMPONENTS SALES AFTER ADJUSTING FOR PRICE CHANGES. THE CONSUMER PRICE INDEX ARE USED AS DEFLATORS.

RETAIL

OF

/THE REPORT