XN000022-1995-06-22 — Page 19

18.

All views and comments on the consultative paper should be submitted in writing in Chinese or English to OFTA before August 31, 1995 at the following address:

Office of the Telecommunications Authority

29/F, Wu Chung House.

213 Queen's Road East

Wan Chai

Hong Kong

Attn: Senior Administrative Officer (Regulatory)

End/Thursday, June 22, 1995

1993 survey result of building, construction and real estate sectors

The gross output performed by construction establishments during 1993 amounted to $151.6 billion, representing an increase of 22.9% over 1992. This comprised a gross value of $148.4 billion for the construction work performed and an income of $3.1 billion from other sources.

Net of total operating expenditure, the gross operating surplus amounted to 6.5% of the gross output in 1993. This was 0.5 of a percentage point higher than the corresponding figure of 6.0% for 1992.

These are some of the major findings of the 1993 Survey of Building, Construction and Real Estate Sectors, released today (Thursday) by the Census and Statistics Department. The survey was conducted from April 1994 to early 1995.

All value figures in this press release are expressed in current price terms. The percentage changes derived from these figures have not been adjusted for price increases. Caution should therefore be taken in interpreting the survey results.

In terms of percentage of gross output, the operating expenditure incurred by construction establishments amounted to 93.5% in 1993. This comprised 22.0% for compensation of employees and payments to labour-only sub-contractors; 21.5% for consumption of materials, supplies, and maintenance services; 42.3% for payments for fee sub-contract work; and 7.7% for other miscellaneous operating expenses.