TNAG-1725-FCO40-2438-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 89

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The effect of the proposed duty changes on the estimated average retail price of various categories of smoking products might be-

Existing duty rate

Proposed duty rate

Current average retail price

Estimated average retail price

%

increase

($/1,000 sticks) ($/1,000 sticks)

($/1,000 sticks)

($/1,000 sticks)

(1) Cigarettes

(i)

imported from US >

413.80

423.80

2.4

(ii)

imported from UK

165.00

175.00

450.00

460.00

2.2

(iii) locally manufactured)

327.50

337.50

3.0

($/kg)

($/kg)

($/kg)

($/kg)

(2) Cigars

j

(i) ordinary grade

670.70

683.70

1.9

220.00

233.00

(ii)

deluxe grade

2,877.40

2,890.40

0.45

(3) Smoking Tobacco

200.00

212.00

441.00

453.00

2.7

(4) Chinese Prepared Tobacco

43.00

45.50

115.00

117.50

2.2