TNAG-1951-FCO40-2779-British-capital-investment-in-Hong-Kong-1989 — Page 99

CONFIDENTIAL # 3

Introduction

3

This report provides an updated

assessment of capital investment in Hong Kong,

based on data available up to the end of the

second quarter of 1989. It focuses on

investment in plant and machinery and in

property.

2.

Information in this report is mainly

supplied by the Census and Statistics

Department, the Rating and Valuation Department, the Buildings Ordinance Office and the Industry Department. For capital investment generally, statistics on gross domestic fixed capital formation are produced as part of the gross domestic product (GDP) estimates. Only the annual data are published. The quarterly

estimates are intended for internal reference

only and should not be quoted publicly. Breakdowns are available for expenditures on

plant and machinery and on building and

construction, in respect of both the public and the private sectors. On investment in plant and machinery, statistics on retained imports of

capital goods provide another set of

indicators. As there is no separate information on re-investment, on depreciation, and on the scrapping of existing capital, the data relate to capital investment in gross terms. investment in property, statistics are available

on building completions and on consents to

commence work.

On

CONFIDENTIAL #3

J.