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Phase I provides a more flexible approach to the use of land for slipping activities, which will be greatly enhanced, when part of the yard will be covered during Phase II construction in mid-1996.

"An information technology system has been introduced to enable better control of maintenance activities, spares procurement and storage, and eventually financially management," Mr Dale said.

"The new larger site permits the introduction of modern maintenance methods, and infrastructure improvements will cut costs and improve efficiency.

"The new dockyard will provide the essential facilities to maintain Government's considerable and growing investment in marine equipment and transport for many years to come," Mr Dale said.

He noted that it is an excellent facility, appropriate to the needs of the Government Fleet, which provides so many of the marine services that our discerning community now demands.

Monday, October 23, 1995

Consumer Price Indices for September 1995

The Consumer Price Index (A) in September 1995 was 8.9% higher than in September 1994, according to figures released today (Monday) by the Census and Statistics Department. This was higher than the corresponding increase of 8.3% in August this year.

The rate of increase in the Consumer Price Index (B) was 9.1% in September 1995, marginally higher than the 9.0% increase in August. The Hang Seng CPI increased by 9.8% in September, same as in August.

The Composite CPI, which is compiled based on the combined expenditure pattern of all households, showed a slightly faster year-on-year increase of 9.2% in September, against 9.0% in August.