TNAG-0621-FCO40-769-Budget-of-Hong-Kong-1977 — Page 135

G.F. 323

CONFIDENTIAL 機密

27.

still consistent with the capacity of the industry as a result of the

public sector's demand (excludng the Mass Transit Railway) being lower

than in 1975. The labour and material index in 1976 was on average 4%

higher than 1975. Over 80% of this increase was attributable to increases

in construction wages.

CONFIDENTIAL

機密

Page 135Page 136