1985-04-01 — Page 19

報日僑華

-期星

日一月四年五八九一曆公年四十七國民華中

物產然必策政放開

視正國中 脹膨貨通

制控要面方一,眼通制控要

品物加增要面方另,是通流幣貨

應供

六屆人大第三次會議中承認 經改革中出現通實際問題

中央政府紫陽薙在

易

貿國泰

少減字赤

。他說,去年下半年出現于

錳,貨幣發行出過多,以致 .銀行信柱和消費基金長過

字減少

百分之

二十四

腾成爲當前經濟體制改革中,

· 湖是第四季度對信貸基金和

爲了防止物價出現大的波動 側等不正之風的影响,致體三年上升百分之 行胜多了一些,再加上亂,四百一十六億姝,比 消費基金歡理不嚴,貨幣發一次下八點五,入口共二 证。他指出,去年下半年特唯一千七百三十五億銖

·部分商品價格上帝的問題。點四,降至美 ,必須壓决控制貨幣的發行依蛛,八三年為九百将 ,一億銖。八四年出口總 ,比對上一年上升百分

一

|理的,但也有部份是不合理的,超過了正常需要的範圍,主要是监管治長

過

委任總經理 猛和丁管座長過快。一九八四年銀行的各伯倫欽總額比一九八三年 一比較突出的問題。他說:一九八四年份發的貨幣,龍柏主是部份來若是 天祥新公司

VEGNE+Ko... 八點四,又全國城工工资包括奬金比上年長百分之二十一,其中第四季 百分之二十八辭九,其中十二月一個月的地接就佔全年增錢的百分之四十

DYNORODI

PEARSALLE

爲有效引進外資健全經濟

不從增加貨梳着手而單靠嚴格查辦是起不了栻極作用的。 李文) 但是大陸谌些物品的生產不數需求,物價上升自屬必然趨勢,又中共規定必 象。補救辦法,除了控制貨幣供應依以外,增加貨源供應尤其重要,如果。合併,在港設立一 東省,一元人民幣兌一元港幣,比官價相於三倍,道是物資缺乏的畸形現D Y. NOR OD PL 須以外幣及外膪赛才可以購買離來品,於是合到外幣及外匯穿權難。在廣一天雄香港公司與英國之一 當上升了就使人民的消費能力增强。現在大陸人民都評, 2BER-ARKEREK) - SECKERESAKE- Į RERE TER D.C. BO 祧,以致發生過貸酇股問題 - 現在果然出現了通賞膨脹問題。要解決通贷压畢保華(MR.AET 程:中共實行經濟改革,開放假格管制,論者早已提出警告,恐簕價會上業務董事華納宣佈,委

• 如彩色電視機,錄影機,電冰箱,洗衣機等,可經理···· WY E R.J露该公司統一

·造改委任是因做近

(DYNOBOD

/PEARSALL

外商將准買上市公司股票 開發育處

·排水,渠道及污水處

(台北訊)經濟來 同進行投資,以期引進 司股份之方式進行。此例,以購買股眾而進行 爲吸引外人來華投資股:依外人投資條例第四出:按外人投資證券 累方式,對現有上市公可以增資或直接購買公一匯,而依外國人投資條門溪道清理工作。 ,准許外商以直接購買股,外人来举投冢用有公司,資本利得,皆可申萌娃 英國衞生局及軍隊各部 限上市公司,原則决定一條第一、二款之規定,法其利息收入,股息及那英國國會 - HU H, 據經濟部高级推出... 經濟部高級官員指公司。

·在英國,該公司代

·被委任前,華氏

「螢祜構,從全經濟發展 紅一華僑及外國人投資 ,促進上市公司改善經上市公司,行政院另照一不得申請結匯

圖外資金、市場及技術所投資之公司如協股票之投資,資本利得部分 by zara,結果

睌司許

闵為奶保華

「與『華僑及外國人投資 1同,經仔細研商後,決一人投資方式,與一般投

「之一「外國人投資條例」式爲之形成爭議。 規定,立法精神略有不技術,市座及資金的外化,以改善工業結構。 | 通盤之檢討,發現現有,可以直接購買股舉方一标,並做成通案標準, 證券及其結匯辦法」之一之後,認陽着服於引進進股票上市公司之國泰 票上市公帘問題,進而人投資股票上市公司,,將全案報請行政院核 本公司有意投資裕隆公能以購百信托憑證之方 資上市公司,以给資 司,而針對外人投資應式進行間接投資,致外一直按購買股份方式辦法 經濟部進一步研究票上市公司之障碍,促

秘裤部鑑於日產省一規定外人投資證穿,僅一,决定進許外人來華投經驗。一 證券及其结爪辦法」,一以日產投資俗强之案例 以減少外人來華投資股

經濟部原則决定,束AN GL (A執行董 事,有超過十一年在

「案標準,以減少外人來

行直接投資,並做成功的。

「人對股票上市公司,進「促進工業升級,改派, 一定建議行政院,准許外資證券市場不同,具有

經濟發展與外商進行合作。

付,擴大上 同;而决定同意股票上 促進市公司以出售股份方式

束甦

(#)

姓還未結案,硅锭暫時出現高科來。..

並未有結束 電在上 英經濟復甦 美國

• 貿易及工大

-英國經濟復

三大力持支日歐

濟經國美

退衰除免

大不强太元美

| 消除圆際金融市塲發生混亂的基本成因。

時將斷發

洲

的經濟來一次後」

·濟學家稱:美國」

閲時間我退下來。

洲公司首席經」

,歐洲及日淑的經

稱:除非有一些 日本一經濟學家

“該倫敦大和

ELEK

(12)

可糾正國際經濟

他说示高利率乃公共数和美元强之一,他並稱:爲了達成美國列根政府補助經濟的 最終目標!—邬-

分利用資金世安所產生的額外

【省隆坡心》生產力,是俗世糾正元之超值。爲了達成如此步

鑑於國營的裕民狠的糾正

育教濟經頁三第張五第6日二十月二年丑乙夏

+

,的隱於

尼加拉銀行說,山 佳寧集團6

·]個客行的佳歎之最高限,九八三年之間,借出了 萬美乐)的欸都必須匯報,及訂立了借給單一

給予國外分行任何超過一百萬馬來西亞元(四十

十億美元袷現已旑盤的

| 銀行並霸每月向中

行銀各對馬大

管監强加正

於搭民銀行名老人們, 公司在一九七九年一 摊牌馬來西亞裕民財務

的一筆爛做造成了大屁 裕民银行香港附屬

嘿嘶及掩飾了」在香港

國外資產和負債的荷單 銀行進交有關他們的

家行銀邀會國美

行其土 演

銀及瑞講

其利息之新準則。 還的貸款應如何威理 ,並打下了銀行對過期未 。報告說,尼加拉鐡行

,期

時間:下午一時十五分。

地點:香港赏麗華酒店太平洋廳,四裤。

任何飈狷蕗聯铬鼗麗設女士。

英

WAH KIU YAT PO

報匯須元萬百貸逾

額高最欸貸戶

客訂

·中央调行尼加, 却然爾加之故。 行更嚴密的監類。一是基於美元强勁而消費的需求雖然强動可是生态 間,馬來西亞的銀」如此的調整,美國經濟很可能陷於衰退。 行將會受到中央级,他並指山美國工業,利鸿邊際在螢舘中,道

·行被星涉入一宗數·抑制經濟需求方面,而歐洲的政府却愿在本身之 十億美元的財務醜 穆濟鼓勵需求方面。如果歐洲及日本方面不能作一

·拉銀行發盡一九八

-

改革j以强化银行

實行了「一連串的]

制度。

遭些改革包括

NK JULIUS BAER

{特邽一瑞士銀行BA

MANO MR. HANS J. BAR

************

「瑞的開會演講,主題為「

於四月二日爲香港美國商會

為「瑞士

其眼 直在該銀行担任各主要行政

GEEK • NX - 10

仕聆聽此項演講。

,會在美國接受國際金融方

日期:一九八五年四月,

<BANK JULIUS BAER

本會特此歡迎新開界

「及它的銀行」。 : : : : MR. BAR

1985

中學會考試題預習專欄

歷史

(HA)

明德出版社黄玉瑜

提供資料

HISTORY (28)..

VIOLA Y,Y, WOO-

group of points.

So you

lave to explain, expand or re-phrase the points. in paragraphs. Add extra

things if you think they are relevant to the question, especially

examples that can support the point. But time

yourself. If time doesn't permit, you have to write concisely And miner points or examples can be dropped. This is

especially important if. the question is rather general.

„MILL & DALE PRESS LÍÐ. Le

The exam

is to be held in May, so by this time you should be full speed ⠀⠀

ahead. From this issue on ~there will be a number of essays on both Europe and East Asia. But remember it is not wise to study a few topics alone. You have to choose at least one question from each section (i.e. Europe or

· East Asia), and one must familiarize oneself with broad historical features - in order to tackle the multipe-choice part.

Read the following question. How would you "try, to" answer:

essay-form?

"How did the Sarajevo assassination lead to the outbreak of the First World War? What responsibilities did Austria have in brining about the wordnin

It is important to jot down important points so that when you write the essay, you can from time to time refer to the points. This will make sure that important points will not be missed. The following la an example of the main points that you can jot down for the above. question:

S

1. Late June 1914

assassination at Sarajevo. Austria believed Serbia planned it. Germany supported. Austria in teaching Serbía a lesson.. Hassia, friendly with Serbia, ordered general mobilization. Germany feared the advantage enjoyed by Russia in faster mobilization; decided on war with both Russia and France (Russia's ally). 6. German troop marched through Belgium. But to Britain, Belgian neutrality most important. So Britain entered war againat

Germany. Austria's

responsibilities eagerness to recover declining prestige in Europe by making var on Serbia; harsh terms of ultimatum to Serbia.RU ME

8. Other powers also

responsible in some ways. Not Austria stone.

Conclusion First World War due to both underlying causes and immediate causes (e.g. Austriste responsibilities.)

Of course you should not write out these points is Bo detailed a manner. Sometimes one or twe worda are enough. the' purpose is to make sure that you won't write. irrelevant things unknowingly.

Now you can start from the first point. Heuembør that you are required to write an essay, not 'a;'

Remember that you may know about something but you may find it difficult Ito write on it in an

essay. The difficulty is to find suitable words/ phrases/sentences to say something in mind, To solve this problem, you can read more history. essays and practise writing more essays, tool Because history is, often about causes, effects: and so on, the language is often the same for different essays. If you are familiar with the language (not reciting it by heart), then you vill have more time to

think carefully and write according to your judge- ment (whether something: is relevant or not). Be in full control of your writing. Don't write whatever things that happen to come acroga your mind.

The following is a model essay."

"The assassination of Archduke Ferdinand took place in late June of 1914. The place was. Sarajevo, capital of Bosnia. Serbia had N always wanted" "to unite with Bosnia, Austria believed that it was Serbia which supported. the assassins. To100; Austria, Sernia tried to challenge her influence in Bosnia, Because Ferdinand was the most. important man in Austria other than the Emperor himself, crisisHA followed.is ve shall see, this in the end ied up to the outbreak of the First World War

In early July, Keiser William II of Germany promised full support for Austria. By 1914, Austria was Germany's only ally, and Germany did not want. to lose face. However, the support for Austria bad the effect of encouraging a more aggressive Austrïan policy toward Serbia. Finally, austris sent an ultimatum to Serbia. The ultimatum was very harsh. Upon refusal of Serbia to accept all the terms,.. Austria declared war on

Serbia.!

In late July, Tsar.Y Nicholas II of Russia ordered a general mobilization of armed forces against Austria and Germany, The reason was that Russia had been "friendly with Serbia,

Russia had always wanted to extend her influence

in the Balkans. Now, that Serbia vas bullied by Austria, Russie decided to support Serbia. In this way the Local crisis at Sarajevo. began to involve another great power other than austris, The liussia mobilization worried German military. leaders greatly. before 1914 they had worked out detailed war plans against the Triple

mainly

Entente powers, France and Russia. As Germany was in the middle minu

of Russia (on the east): and France (on the west), these German lenders, believed that Germany could win any war against them only by a quick mobilization: Now Russia had mobilized first, so the war plans had been upset. The Kaiser was advised that further delay in military action. would only benefit Russia and France and would be to the disadvantage of Germany. After some discussion, the Kaiser decided on a war against both France and Russia. Germany intended to defeat France in six veeks and then deal with Russia on the east: Toʻ do so, German troops must march into France

quickly. But because the border between France and Germany was well guarded; Germany sent her troops against France by way of Belgium To Britain, Belgian neutrality was very important for reasons of national scuarity (as Helgium ve near the British homeland). This drew Britain into war too. The responsibilities of Austria for the war lai'd in her over-eagerness to recover. dynastic prestige even to the extent of : ** risking war. The Sarajevo assassination would have been peacefully settled. if not for the single- minded intention of Austria to crash Serbia. The harsh terms of the ultimatum sent to Serbia vas the best proof. After that, other powers, such as Germany and Russia, were involved. Of course Austria abould not be held responsible for the First World War alone For example, the support for Austria came from Germany and Germany should in this way be responsible for p enosuraging Austria to use an aggressive policy: Russia was the first great power to mobilize: her armed forces, and this step led Germany te decide on an all-out war against both France and Russia. All the great powers were responsible for the outbreak of the war, though in different ways. And there were. underlying, long-term causes too, such as the Alliance System, nationalismore

ilitarism. Without these long-term causes, the great powers would not' have noted as they did iù "the summer of 19

In short, the First World War cannot be explained by the aggressive policy of Austria alone. Bath

underlying and immediate causes explained it".

經濟

王啓光 陳勵德 提供資料

明德出版社

ECONOMICS (28)

K.K. WONG A LIF. CHAN MILI & DALE PRESS ITD.

A. Balance-of-Payments

A country'a balance of international payments can affect the value of vitam currency and influence. decisions of the government regarding

exports, importe, and

the flow of investment funds..

· A country's balance -of-payments atatement aummarizes all inter- national trausactions by government, business, and private residents during a specified periud of time usually one year. It is a flow concept reflecting changes in accounts, similar to an income statement and a flow- of-funds statement, tu accounting. As an illustration, the official-reserves section of the balance of payments would summarize an anpùal- changes in amounts of reserve assets, such- as-gold and covertible currencica,

The principle balance-of-payments ia based on double-entry accounting each transaction is represented by an increase or a decrease .of units. When the total receipts are greater than the total payments, the country is described as having a favourable balance of payments, or payments, surplus.. However, if total payments are more than total receipts, the.. country will be muffering a payment deficit, i.e., an unfavourable balance of payments. Of course, a country vitli e payment surplus will gain foreign exchange while a country with a payments deficit will lose foreign exchange. B. Current Account.

⠀⠀ The current account

usually includes merchandise trade, services and unilateral transfers Merchandise trade includes the export and import of physical goods. Un the other haud, services are. often referred to as nonmerchandise transactions or invisibles.

"Trønster payments

or unilateral transfers représent gifts or similar payments. by domestic residents to foreign residents (private transfer), or vice versa. The net of the three accounts merchandise trade, services, and Y. unilateral transfers represent the balance on current account.

C. Diversification

In recent years, Hong Kong exporters have faced many trade restriction problema, The European Economic Community has imposed quotas on textiles, which is the largest export industry in

Hong Kong.To

addition, neighbouring countries such as

South Korea, Taiwan, Singapore, etc., are

exporting those items

that are competitive with Hong Kong: products overseas, Thus, because of international, restrictions on imported goods and. keen competition, the Hong Kong Government advices local industries to diversify. The ultimate aim, of

Course

is to make

Tiong Kong less

dependent on a few

major markets and to decrease the chance of unemployment in this

area.

General speaking, diversification can serve the following purposes:

(1)better utilization of the Firas pro- duction facilities; (2)increased economy. in the existing

sales organization;

(3) reduced dependence

of a country.or, a firm on a single market, product or customer; (4)higher return on

investment than could be obtained in its present area of activity; (5) safeguarding the future growth of the company if its present market does not permit adquate sales increases; (6)avoding strong

competition on its present market, Here it ià· important to realize that diversifications can be brought about in different forms. (1)Diversification of

markets D diversification of markets means an increase in the number of markets served by an individual firm When the export industries of a country depend solely on one market or a few markets, then it vill face probable

threats whenever the importing countries set up trade barrièrs, such as tariffs or quotas. A 2220 (2)Diversification of

industriesum

by diversifying industries, this means the provision of greater variety of industry to an area, especially one mainly dependent on a highly localised industry. Its aim is to make employ- ment less dependent

a particular. industry so that serious employment will not occur if that industry. declines. As our exports are usually labour-intensive

the increased. production cost (e.g. land, labour) has made our domestic exporta less competitive with those of our neighbouring countries who have cheaper labour and land. Hence we need to develop new lines of production which requires M skills, technology design, machinery, and management.

In order to work for the continual growth and develop-

ment of our exports,

diversifications

of industries are markets are necessary.. Besides the industrialists themselves, the- government..can play a critical role in the diversification preces such as

through a relaxed

理點

land policy.a

Committee

kas

already been set up

to study the details of

diversification in Hong Kong. Only with the com ordinated efforts

of both the govern-

Bent and the

industrialists will.

this process can

be carried out

satisfactorily.

附加數

(廿八)

明德出版社高方

提供資料 ADDITIONAL MATHEMATICS (28)

S.F. KO

MILL & DALE PRESS LTD.

isa

(b) Volume of the solid

generated by лB about the x-axis

20.8

solutions to Exercise 14

-3(11 tan^2)

2dt

1+t

(Aus)

yas

de

sine, (Ans.)

do

dy dy de

dx de dx;

2

Jasin Ocose

Jacos esine

gine

coso

b) a 1⁄2d (dx)dx

dx.

Now, (x)

Cos

(Ans.

(1,4)

(Ans.)

(b) If the circle meet

the x-axis, then y=0,

(c)

(x-1)=0

x=1 (repeated) Since this is a repeated rooti

the circle touches the x-axis at (1,u). (AD

∙C(14)

rom diag., BR-AT-

(·1).

But (h, k) lies on the circle;

2012

.hk-2h-8k+1=0..(2);

-4b+8K+4-0

-2k-1

Which is the required

equation that RT is

a tangeut at the point of contact B(h, k)

2-1

(a)Let z

When k-9,

When K-1,

When K-2

(Ans.)

the roots are 1,

(ans. 2 (b)since 1,w, w ara

the roots of 23-1,

Sacos Osine

'ecos

(Ane.)

Now,

(1)

Intercepts: When X-U yo

When you

pts: (0,0), Extent: When

y

(taking y When x

Stationary points

x=0

or

2

(ADS.)

(Ans.)

(ii) w www.w3w2 (111)1+ow2

=1+^(-1-i√3) (+5(-1-1-3)=0 (Ang

(c)x2=(a+b)

a. +2ab+G“

O when x=0 (0,0) is a min.

O when x=2;

Zabi36

+6ab

62 ( 1 + w + b2)

(Ans.)

pt.