BULLETIN THE HONG KONG GENERAL CHAMBER OF COMMERCE

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BULLETIN THE HONG KONG GENERAL CHAMBER OF COMMERCE
THE HONG KONG
     GENERAL CHAMBER
     OF COMMERCE
          BULLETIN

.)
BULLETIN THE HONG KONG GENERAL CHAMBER OF COMMERCE
2

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 IN THE FAR EAST                                           &      BEYONO
 Once upon a time, long ago, over 100 years in fact, The

 Hongkong and Shanghai Banking Corporation was founded

 to finance the trade of firms on the Island of Hong Kong.

 Well, that was before The Hongkong Bank Group came into

 being.     Now this vastly influential financi
BULLETIN THE HONG KONG GENERAL CHAMBER OF COMMERCE
3

                                                                                        JULY, 1969

     THE      HONG       KONG

                                      The Bulletin
     GENERAL CHAMBER

     OF COMME RCE
                                      COVER

                                      Australia is building an impressive new opera house in Sydney, 0
                                      symbol of the country's growing wealth and prestige.  The ordinary

)                                     Australian, also, has money to spend on Hong Kong goods. See leading
                                      article.

     Chairman:

                                          4    This is Australia.   A Commerce and Industry Report.

     Hon. M.A.R. HERRIES, OBE,   MC

     Vice Chairman:                        6   The Management Consulta.nt.     A management     consultant
                                               tells about other management consultants.

     G. M. B. SALMON

                                           7   Round About.

     Secretary:

     J. B. KITE                            8   Round About.

,J
     Acting Secretary:
                                           9   Economic Report World Round UP.

     R. T. GRIFFITHS

                                          T1   A digest of Chamber news in Chinese.
     Bulletin Editor:

     Miss B. emu

                                                                              9th Floor, Union House,
                                                                                             Hong Kong
                                                                        Tel: 237177   Cables: Chamberc:om
BULLETIN THE HONG KONG GENERAL CHAMBER OF COMMERCE
4

     A country with one of the highest standards of living
in the world, which has increased the real value of its gross
national product by 36 per cent in, the lost six years, and
which is expected to experience a strong. and growing
demand for consumer goods during the foreseeable future-

THIS IS AUSTRALIA
  The     prosperous   Australian     Hong Kong's exports to Aus­
worker earns the equivalent of        tralia lie in the markets that are
HK$364 a week. And he is keen         not significantly served by home
to spend his earnings on the good
things of life-already most Aus­
                                      industry. The greater part of
                                      the Australian textile market
                                                                                                                  )
tralian families own at least ODe
car, and a. growing number of
                                      comes into this category.
                                         Currently Australia has a                                                )
homes are equipped with tele­         favourable trade balance with
phones. radio and television sets.    Hong Kong, despite an encourag­
   Each year the average Aussie       ing growth in sales of Hong
-and there are over 12 million        Kong exports. Between 1965
of them-spends some HK:$6,200         and '68, Hong Kong's imports
on consumer and durable goods.        from Australia increased by 57
   Like his counterparts in other     per cent. Last year our principal
countries with a high standard        buy from Australia was food­
of living, the Australian is pre­     stuffs, accounting for some 40
pared to spend his money freely.      per cent of total imports from
if he believes he is getting value    Australia.     Wool   anrt metals
for money. Naturally, he is keen      were also bought in some quant­         Mr. P. R. Searcy, O.B.E.,
to buy Australian-made goods,         ity by Hong Kong, accounting           Senior Trade Commissioner of
but he is equally prepared to         for 19 and 12 per cent respec­         Australia. in Hong Kong.
look at imported goods when           tively.
they offer benefits in terms of
price, quality or design.             Fifth Largest Market                   Tariffs
   Last year Australia imported                                                Hong Kong products are sub­
goods to the value of HK$20,900          Hong Kong's exports and re­         ject to the general rates of duty
million, an increase of 7.2 per       exports to Australia increased         assessed on f.o.b. port of ship­
cent over 1967. Three exporting       respectively by 81 and 34 per          ment basis. The mechanism for
nations only-the US, UK and           cent between 1965 and '68, and         determining the rate is the Tariff
Japan-between them accounted          AUstralia is now Hong Kong's           Board.     The Tariff Board may
for almost two thirds of this         fifth largest market.   Last year      recommend increases or de­
total. It is hard to believe that     the Aussies bought some HK$242         creases in duty rates, or the im­
an increasing share of the Aus­       million-worth of our exports and       position of quantitative import
tralian market could not be won       some HK$50 million-worth of re­        restrictions. In addition to the
by other exporters, if they are       exports.                               duties levied under the customs
prepared to analyse the market           Exports included textile articles   tariff, additional revenue duties
requirements logically and then       and made-up goods (38 per              (called    primage   duties)  are
                                 �
h.aving gone-in, to s�ll aggres       cent), garments (18 per cent)          imposed at either 5 per cent or
slvely.                               and toys (8 per cent).       Note­     10 per cent on a range of goods.
                                      worthy areas of recent rapid           No fixed pattern is discernable in
                                      growth are woven shirts of cot­        determining which items are to
Clear Policy                          ton and man-made fibre, of             be subject to the levy of primage
                                      which Hong Kong more than              duty.    In the clothing category
   The first point to be kept in      doubled its sales last year. Book      most items are taxed at 5%.
mind is that the Australian gov­      exports increased by the par­
ernment has a clearly formulat­       ticularly impressive total of 178
ed policy towards imports.      1n    per cent.     Travel goods and         Sales Tax
the long term, this is designed       knitted shirts also sold well,            A sales tax is levied on goods
to encourage the growth of home       going up by some 75 per cent.          and commodities sold in Aus­
industries, and has led to the in­       Here are some of the points of      tralia, calculated on the sales
troduction of customs tariffs to      detail to be kept in mind by           value of the last wholesale tran­
protect local industry.               potential exporters.     They are      saction before consumption.
   The future of the tariff policy    all taken from a Country Pam­            A wide range of goods is ex­
is currently under debate, but        phlet prepared by the Depart­          empt from sales tax, including
whatever the long-term outcome,       ment of Commerce and Industry.         foodstuffs,  medicine,    surgical
it is clear that the best prospects   Copies of the full pamphlet are        goods, plant and equipment for
for an immediate expansion in         available to members on request.       the manufacture of products,
BULLETIN THE HONG KONG GENERAL CHAMBER OF COMMERCE
5

     most   building materials  and       proved forms are required for         Chinese Language
     goods for use by educational         all exports to Australia.     It is
     bodies and government authori­       essential that bills of lading, in­   Examinations
     ties. The general rate of sales      voices and other shipping docu­         The next Colloquial Mandarin
     tax is 12% % but some luxury         ments are despatched promptly.        and Cantonese examinations will
     goods are taxed at 25%. Furni­       so that goods can be cleared im­      be held as follows:
     ture and household equipment         mediately.
     are in a special class, being          The exporter must endorse on        Mandarin,
     taxed at 2*%.                        the normal invoice a declaration        Levels:   Preliminary,
                                          that the final process of manu­                   Intermediate and
                                          facture was performed in the de­                  Final.
     Distribution Network                 veloping country exporting the          Date:     Friday, 25 July, 1969.
      A large proportion of the           goods, and not less than half of
     Australian import trade is con-      the factory cost of the goods is
                                                                                Cantanese
                                                                                  Levels:   Preliminary.
                                                                                            Intermediate and
                                                                                            Final.
                                                                                  Date:     Saturday, 26th July,
                                                                                            1969.

                                                                                Examination Conditions
                                                                                  Details of the syllabus and
                                                                                conditions for these examinations
                                                                                are available on application to
                                                                                the Chamber.

                                                                                Entries
                                                                                  Candidates must register with
                                                                                the Chamber and should provide
                                                                                particulars of:
                                                                                  (a) Level
                                                                                  (b) Firm      and  address of
                                                                                        candidate
                                                                                  (c)   Telephone   number   at
                                                                                        which candidate can be
                                                                                        contacted.

     Pictured is part of one shipment of Australian pears on the Samos          Examination     Fee
     last month being inspected by the Australian Government Trade                Examination fee of $30.00 per
     Commissioner, Mr. D. M. Walker (third from right), the Chairman            candidate must accompany each
     of the Australian Apple and Pear Importers' Committee, Mr. Henry           entry. The Committee regrets
     Leung (second from left), and others.                                      that entries not accompanied by
                                                                                the appropriate fee cannot be
     ducted by local agents operating     represented by the value of           accepted.
     on a commission basis or import­     labour and materials of develop­        Cheques should be made pay­
     ing on their own account. How­       ing countries andlor Australia.       able to the Hong Kong General
     ever there is an increasing ten­                                           Chamber     of   Commerce   and
     dency for retailers, including de­   Marketing and Labelling               crossed.
     partment and chain stores, to
                                          Regulations
     establish their own buying offices
     abroad and for manufacturers to
                                             Regulations   require    many      Notes on Certification
                                          goods, including foodstuffs, tex­       The Hon. Consul for Costa
     import direct. Another channel
                                          tile products, jewellery, china,      Rica has infonned the Chamber
     is through merchant houses, who
                                          porcelain and earthenware, toys,      that as from July 1� 1969 all ship�
     import goods for resale.
                                          floor tiles and footwear to be        ments of goods from Hong Kong
                                          marked with the country of ori­       to ports of t.he Republic of Costa
                                          gin prominently on a permanent
     Warehouse Facilities                                                       Rica are required to. be covered
                                          label. Where any weight or            by ·Certificates of Origin issued
       Accommodation in both bond
                                          quantity is set out, it must          by one of the following issuing
     and free stores is sometimes at
                                          specify whether it is gross or net    authorities:   The   Hong     Kong
     a   premium    and   satisfactory
                                          weight. In the case of foodstuffs     General Chamber of Commerce,
     arrangements for storage should      and medicine, a full and accurate
     be made in advance of the arri­                                            The Indian Chamber of Com�
                                          description must also be given.
     val of the goods. The Port and                                             merce, the Chinese Manufactur­
     Harbour Authorities charge very                                            ersP Association� the Federation
     high rates for goods allowed to      Credit Insurance                      of Hong Kong Industries: and The
     remain in the wharf sheds for          The Hong Kong Export Credit         Department of Commerce and
     more than a few days.                Insurance Corporation is able to      Industries.
                                          offer Hong Kong exporters credit        All certificates must be legalis­
                                          insurance facilities for exports of   ed by the Consul otherwise they
     Docum'ents                           goods to Australia on documents       may not be accepted by the Cus­
()      Combined invoices and certi­      against payment or documents
                                          against acceptance terms.
                                                                                toms Authorities at ports of en�
                                                                                try.
     ficates of value and origin in ap-
BULLETIN THE HONG KONG GENERAL CHAMBER OF COMMERCE
6

  THE MANAGEMENT CONSULTANT
   What is he . .. What does he do ... Is he worth his hire?

                                      has employed consultants at one         managerial talent. Furthermore,
                                      time or another, and in some            since the . rewards of consultancy
                                      organisations,   consultants    are     are usually ihigh" they have no
                                      present on a permanent basis,           difficulty    in  attracting  high
                                      working on one or other aspect          calibre men.
                                      of their client's operations.    :In
                                      addition to commercial organisa­             Secondly, the consulting firms
                                      tions, consultants' clients include     spend much ·time in training and
                                      Central and Local Government            re-training their men. It is not
                                      Departments,    state-owned     in­     unusual for a consultant, par­
                                      dustries,   hospitals,    churches,     ticularly during the early days
                                      political and charitable organisa­      of his career, to spend one-to­
                                      tions - even the Royal Opera            three     months   out   of  every
                                                                              twelve in training.     The larger
                                      House, Covent Garden, and the
                                                                              fi r ms of consultants also run
                                      organisers   of   the   Edinburgh
                                                                              their own research and  . develop­
                                      Festival.
                                                                              ment departments, !both to keep
                                        Nor is the acceptance of con­        'abreast of current techniques in
                                      sultants limited to large or­           management       and   to   extend
                                      ganisations.    Garages,   stores,      these techniques by developing
                                      book shops, photographers and          ·their own refinements.
                                      similar   small  ,businesses  are
                                      among their clients.                      Thirdly, the    consultant  by
                                                                              nature of :his occupation moves
                                          From ibeing a specialist in        from company to 'company and
                                       production    management,      the    thus acquires a broad cross­
                                       consultants !have become all­          section of knowledge and is able
  Mr. G. H. Garlick, Assistant         rounders able to tackle virtually     ·to apply the ideas gained in
Secretary in charge of Public          all  problems of organisation,         company A to the problems of
Relations.                            from the top level management          company B.
                                      structure of     an international
                                      corporation ,to the layout of a           In short if any manager is in
    The Chamber recently made                                                a position to succeed, then it is
                                      warehouse or office. Production,
use of a management consultant                                               by the nature of things ·the
                                      sales, accounting, general man­
to help re-plan the layout of its                                            management       consultant. This,
                                      agement, as well as specialist
offices. And    the   Secretariat's                                          however, does not mean that he
                                      services    in   say.  computers,
latest   recruit - Harry     Gar­                                            -never has failures; nor does it
                                      operational research, diversifica­
lick,   who   becomes    Assistant                                           imply that every consultancy
                                      tion   planning, etc.   all come
 Secretary in charge of public                                               assignment    is   an   unqualified
                                      within their ()rbit.   When ap­                                               •
 relations - spent three years                                               success.
                                      propriate, their operations are
working with a leading interna­
                                      international in scope - thus
tional firm of consultants. Here                                                 To put the consultant's ·role
                                      they ,can assist in, for example,
he suggests what -Chamber mem­                                                into perspective, it must be
                                      the   setting-up   of  a   trading
bers should look for in consul­                                               remembered that he does not
                                      subsidiary in an overseas coun­
tants.                                                                        work i n isolation, Ibut with a
                                      try, er carry out a survey in a
   ·Management consultancy is i n                                             particular     organisation,   his
                                      particular export market.
many ways the growth industry                                                 client.  Clients can be good or
of the past 20 years. In 1945 -          Why have consultants        met     Ibad, and, by and large, most
even in Europe and the USA      -     with such success? Certainly,           consultants lfind ,that their suc­
consultants were few and far          an important factor - probably          cesses arise in the [better firms.
between and in most cases had         the important factor - is the          Furthermore, they would also
one staple product to offer in­       calibre .of the men who hecome          say that there is a good and bad
dustry, known usually as work         consultants.   No reputable con­        way of using consultants.
study, which was in itself merely     sultant will employ a man who             To use consultants success­
a more sophisticated version of       is not a graduate or equivalent,       fully, therefore, the onus is on
time-and-motion     study.   Con­     who has 'Dot already sound ex­         the client. He must appreciate,
sultants were strongly produc­        perience    of   industry   in   a     firstly, what the consultant is
tion oriented and Ihad little to      managerial capacity, and who           able to offer him, and secondly,
offer their clients in say, mar­      does not come up to a minimwn
keting, accounting or general         level in intelligence and .other
management.                           skills.  Because    of  this,  the
   Today virtually every leading      consulting -finns bave tended to
international name in industry        employ .only      the  cream    of                      Con/d. on P. 8
BULLETIN THE HONG KONG GENERAL CHAMBER OF COMMERCE
7

                                       has    stressed   at   Legislative   Navigation in the Pearl
                                       Council that he intends to en­
                                       force the Regulations when they      River Estuary
                                       become effective in October.
                                       The penalty for an offence is a        In 1960 the People's Republic
                                       fine of $2,000.                      of China declared the waterway

    ROUND                                 Members who have not yet
                                       done so are therefore urged, in
                                       their own interest, to send their
                                                                            west of the Chiapeng Islands and
                                                                            Tankan Islands (Lima) at the
                                                                            estuary of the Pearl River to be
                                       personnel for training to comply     part of China's inland waters.
                                       with the regulations.                Unauthorised passage by all for­
                                                                            eign vessels was prohibited.

   ABOUT                               Simpler Export
                                       Documentation
                                                                              Foreign merchant vessels en­
                                                                            tering or leaving the port of
                                                                            Kwangchow (Canton) through
                                         Mr. Jan Tomlin, former Chair­      the Wanshan Islands are pcrmit­
                                       man of the Hong Kong Ex­             ted to pass after approval has
                                       porters' Association, has an­        been given to application made
                                       nounced that the Working Party       according to certain rules laid
                                       will hold a series of lectures on    down by the Chinese authorities
                                       Simpler Export Documents in          concerned governing navigation
 Hong Kong                             August at the HKEA's office in
                                       Star House. There will be two
                                                                            by foreign ships. Information on
                                                                            the approved routes through
                                       lectures in English and two          these waters will be made. avail­
 Trade Statistics                      in Chinese. The time will be
                                       at 5.30 p.m. Enquiries to Miss
                                                                            able on application to thc' entry
                                                                            and clearance     office of   the
   Hong Kong trade statistics          Irene Tarn, K-683816.                Marine Department.
 for the period of January -
 May, 1969 analysed from tbe
 published figures of the Cen�
 sus and Statistics Department                      Journey for Perspective
 are now available to members.
 These include H.K. Overall
 Trade, H.K. Trade with U.K      .•

 U.S.A., Canada. West Ger­
 many. Sweden. Norway. Den­
 mark, Switzerland, Belgium,
 Luxemburg,     Italy.   China,
 Japan. Australia. Netherlands.
 New Zealand. South Africa,
 France.   Austria,    Portugal.
 Finland, Spain, Singapore, In­
 donesia. Taiwan, Philippines,
 Republic   of Korea, India,
 Thailand, Pakistan, Dominican
 Republic,   Algeria,    Ghana,
 Nigeria,  Kenya,    Argentina,
 Sudan,    Kuwait,     Lebanon,
 Saudi Arabia, Libya, Zambia.
 Panama. Mexico. Venezuela,
 Colombia. Nicara�a. Ecuador.
 Costa Rica, Guatemala and                  On 18th June the Chamber was visited by 22 members of
 Uganda.                               various graduate schools of business administration in the United
                                       states led by Mr. William H.P. Smith, Vice President, New England
                                       Telephone & Telegraph Company.
                                           The visitors were received by the Vice Chairman. Mr. G.M.B.
First Aid Training                     Salmon, and the Acting Secretary, Mr. R. T. Griffiths. Mr. Salmon
  Members are reminded that            briefed the visitors on the economic, social and constitutional back­
factories employing over 100           ground to Hong Kong and dealt with questions covering a wide
workers must have personnel            variety of topics.
trained in first aid to comply             On the same day visitors were entertained to a working lunch
with the First Aid Regulations         hostcd by Mr. P.G. WiIliams, Director of Dodwcll & Co. Ltd.,
which will come into effect on         supported by Mr. Martin Curran, Gcneral Manager of The Hongkong
1st October, 1969.                     and Shanghai Banking Corporation, Mr. Nigel Rigg, General Manager
  According to these regulations,      of Union Insurance Society of Canton, Ltd. and Mr. R.T. Griffiths.
factorics with over 100 workers            The Journey for Perspective Foundation makes available each
and not exceeding 200 workers          year some 20 international study and research fellowships to schools
must have at least one person          of business administration in the five Universities of Berkeley.
trained in first aid; factories with   Stanford. Los Angeles, Southern California. Washington. The
over 200 workers and not ex­           Journey involves a 3-week flying visit to various countries for a
ceeding 300 workers must have          concentrated series of comprehensive discussions with leaders of
at least 2 persons trained in first    business, government and finance. The students selected must have
aid, and so on.                        demonstrated broad capabilities of leadership.
  The Commissioner of Labour               Picture shows Mr Salmon (r.) with two of the stUdents.
BULLETIN THE HONG KONG GENERAL CHAMBER OF COMMERCE
8

 Here for Discussion '
                                                                              The Management
                                                                              Consultant
                                                                                                          Contd.
                                                                              he must have a realistic idea of
                                                                              what he expects the consultant
                                                                              to achieve.
                                                                                 Basically, a consultant is able
                                                                              to .offer ,8 client only two things
                                                                              - time and a trained, outside
                                                                              point-of-view. Of         these    the
                                                                              first is the more prosaic, but

                                                                                                                       t
                                                                              arguably the more important.
                                                                              Many       management       problems
                                                                              arise ,because the man on the
                                                                              day-to-day job, no matter how
                                                                              able or intelligent, just does
                                                                              not have the time to sit back
                                                                              and think things -out, much less
                                                                              does he have time to go ahead
                                                                              and    put    a new       plan into
                                                                              operation.
       Mr. G.M.8. Salmon, Vice Chairman of the Chamber, (centre)                 The answers the consultant
 held talks at the Chamber with Mr. and Mrs. Sarn Black, public               comes up with may not be
 relations advisors to the London Chamber of Commerce.                        absolutely right.      The infallible
      Mr. and Mrs. Black arrived in Hong Kong specially to discuss            man has yet to be born.           But
 arrangements for the 24th Congress of the Federation of Common�              they will ,be answers that are
 wpalth Chambers of Commerce. to be held in Hong Kong from                    produced ·by an intelligent and
 May 4 to 8, 1970. It is expected more than 400 delegates will                trained man, and almost cer­
 a1.t�nd, including one or more Commonwealth Prime Ministers.                 tainly, ·they will have been
                                                                              discussed and vetted by his
                                                                              colleagues, so that they are in
                                                                              effect the result of combined
Standards Library                         As the Federation is the Hong       brain power and experience. It
                                       Kong member of the Internation­        would therefore be odd if they
                                       al Organisation of Standardisa­        were completely worthless.
  The Chamber has been in­             tion, the Federation has agreed           The    rules    for   the    client
formed that the Federation of          to act as the local sales agent        therefore are:
Hong Kong Industries has set up        for the published standards of a
a Standards Library. so as to          number of national standard            •   before employing the con­
enable both manufacturers and          bodies of the United Kingdom,              sultant have a clear idea of
exporters to understand the            the United States, Australia, New          what your objective is (but
standards requirements of the          Zealand, Denmark and India, as             not necessarily the ,means
countries to which they export.         well as the ISO, the international        of achieving this objective
                                       standardisation organisation.              - if you know the answers
  This library, which is open             Enquiries regarding the stan­           yourself, you either don't
as    a    reference   library,   is   dards library and purchase of              need 'or c-an't work with
stocked with       sets of    stan­    standards, should be directed to           consultants).
dard specifications of the follow­     Mr. Cecil Chan, Technical Direc­
ing national and international         tor of the Federation         (Tel.    •   realise that the assets you
standards bodies:      The British     H-234141).                                 are buying are simply time
Standards Institution, The Un­                                                    and experience - not a
derwriters Laboratory of the                                                      magic wand.
United States, The Standards
Association of Australia, The
                                       Seminar on Career                      •   listen honestly to what the
Standards Association of New           Prospects                                   consultant has got to say
Zealand, The Danish Stanards                                                      and observe the way he
Institute.                               At the invitation of the City             goes   about    implementing
                                       District Officer of Kowloon City,          his job.
   In addition to the above, the       the Chamber arranged to hold a           But if, after all this, you think
library also contains the re­          seminar on Career Prospects for        the consultant is wrong, by all
cently published standards of          students in the district.              means stop him. But remember
 the United States of America            Topics     discussed     at    the   that at this stage you alter the
Standards     Institute, and the       seminar     were    Salesmanship,      whole nature of his assignment.
1969 edition of the published          Accounting and Shipping etc.           If you were right, you will have
specifications of the American           The    Chamber     is   especially   wasted the money spent on fees,
Society of Testing and Materials.      grateful to Messrs. T.K. Ho. B.        but it will give a beautiful boost
The set of ASTM specifications         Leung,    and    S.K.   Hung      of   to your ego. And if he was
will be complete before the end        Dodwell & Co. Ltdl, who acted          right, you will, alas,       never
of this year.                          as counsellors at the Seminar.         know it.
BULLETIN THE HONG KONG GENERAL CHAMBER OF COMMERCE
THE HONG KONG
                           GENERAL CHAMBER
                           OF COMMERCE

                                                                                            1st   Tuly   1969

     Commercial News
)            News from D. C. & I.
')
             Membership
             Tenders
             Trade Fairs

        NEWS FROM D. C. & I.
                                Commercial Information Circular No. 42/69

     Thailand
            The Department has received a copy of "Nctice of the Ministry of Finance" from Thailand
     announcing a number of amendments to its customs tariff with effect from 25th April, 1969. Of
     the items affected the following are of interest to Hong Kong:-
                                                                                           Hong Kong's
                                                             Rate of Duty                    Domestic
                                               Ad Valorem            Specific Duty          Exports to
      Item No.           Description              per cent           (ballt per Kg)          Thailand
 )                                              Old     New        Old            New         in 1968
 )                                                                                          (HK$ Mn)
     ex 73.10"     Iron or steel rods for
                     electrode wire in­
                     dustry                      20        5       O.BO             0.22   30.7
                                                                (HK$0.17Bl      (HKSO.OB5) (All· bars
     ex 73.10"     Iron or steel bars for                                                   and rods of
                      Chang Kol (hoe)                                                       iron 01'
                      industry                   20       2        0.60             O.OB    steel)
                                                             (HK$0.176)     (HK$0.018)
              Official Exchange Rate: Baht 100    =   HK$29.3
              Note: * Part of Item No. 73.10
           In a "Memorandum of the Ministry of Economic Affairs" the Thai Authorities promulgated
     a consolidated list of commodities for which an import permit into Thailand is required. Of the
     items which fall within this list, the following is of interest to Hong Kong:-
                                                                                 Hong Kong's Domestic
                                                                                  Exports to Tha-iland
     Item No.                                 Description                               in 1968
                                                                                         (HK$ '000)
         4             Woven materials in piece, bolt, and roll with 50% and
                          upward of g�nuine silk content                                   50B.4

)    (Mr. K. Y. Lee, Te!. No. H-(53939)
BULLETIN THE HONG KONG GENERAL CHAMBER OF COMMERCE
Israel
      The Department has received a copy of the Israeli Free Imports Order, 1969, listing goods
which are allowed, with effect from 6th October, 1968, to be imported into Israel without specific
import licences. Of these items, the following are of interest to Hong Kong:-
 Customs                                                                                   H.K.'s Domestic
  Tariff                                                                                  Exports to Israel
   No.                                  Description                                            in 1968
                                                                                                  (HK$)
  14.01                 Vegetable materials used for plaiting                                      45,078
                                                                                              (rattan canes)
  39.07 - 1020          Articles of foam polysterene                                              293,398
                                                                                              (all plastic
                                                                                               household
                                                                                               articles)
  42.02                 Travel goods and similar containers of leather, com­
                           position leather, of vulcanized fibre, of artificial

  60.02
                           plastic sheeting, of paperboard or of textile fabric.
                        Gloves, mittens and mitts, knitted or crochelted, not
                                                                                                  38,314
                                                                                                               )
                           elastic and not rubberized.                                           124,987
                                                                                                               )
  61.10                 Gloves, mittens, mitts, stockings, socks and sDckettes
                           not knitted or crochetted                                              38,465
  66.01                 Umbrellas and sunshades (including umbrellas in the
                          form of walking sticks, sunshades in the form of
                          tents, garden umbrellas and the like)                                   64,429
  67.02                 Artificial flowers, foliages or fruit or parts thereof;
                            articles made of artificial flowers, foliage or fruit                 51,954
  67.03 - 1000          Human hair, combed or otherwise worked                                   199,431
  67.04 - 1000          Wigs                                                                      47,525
  83.01                 Locks and padlocks (key, combination or electrically
                           operated) and their parts, of base metal, excluding
                           those used for motor cars; frames incorporating
                           locks, for handbags, trunks and the like, and parts
                           of such frames, of base metal; keys for any of the
                           foregoing articles, finished or not, of base metal                     71,491
  85.15 - 4000          Sound receivers of the following kinds:

                                                                                     }
                                                                                                 1.529,465
          - 4020        Operated by thermionic valves                                         (all kinds of
          - 4035        Operated by a transistor, suitable to be permanently                   transistor
                           fitted in a motor vehicle, whether so fitte.d or not                radios)

  85.20 - 2020          Fluorescent tubes                                                         32,880
  90.07                 Photographic apparatus, photographic flashlights                          38,697
  97.02                 Dolls                                                                     31,936
  97.03                 Other toys, excluding dangerous toys                                    1,218,692
  98.12                 Combs, hair-slides and the like                                           44,620
(Mr. T. H. Chau, Te!. No. H-431233)
                                Commercial Information Circular No. 40/69

Australia
      C.L Circular No. 46/68 gave notice of a Tariff Board public hearing scheduled on 20th August,
1968 regarding the question whether assistance should be accorded the production in Australia of
gloves, mittens and mitts of leather or composition leather (Australian Customs Tariff Item No.
42.03.1).The recommendations of the Tariff Board have recently been reported to the Australian
Government which has now announced the following changes in the rates of customs duty:-
Australian Tariff                           Description                                Rates of Duty
   Item No.                                                                          Old          New
    42.03.1            Gloves, mittens and mitts, of leather or composition
                           leather:
    42.03.11        - Of the work type or as worn by golfers                        12'k%            30%
                                                                                    ad va!.          ad val.
3

    Australian Tariff                                     Description                            Rates of Duty
       Item No.                                                                                Old          New

        42.03.12     - Dress type                                                           12%%               121h%
                                                                                            ad val.            ad val.
        42.03.19     - Other:

                                                                                                          }
                     - Of a kind worn solely or principally for sporting                    55%
                          purposes                                                          ad val.
                                                                                                                 71h%
                          Other                                                             371;"%              ad val.
                                                                                            ad val.
         Hong Kong's domestic exports to Australia of the item concerned                             were     valued      at
    HK$I,167,797 in 1968 and HKS341,498 from January to April, 1969.
    (Mr. T. K. Ch.u, Te!. No. H-431233)

    Singapore
          The Department has received copies of the Singapore Government Gazette Subsidiary
    Legislation Supplement No. 25 and No. 30 dated 18th April and 17th May respectively, which

)
    contain a number of amendments to its customs duties. Of the items affected by these changes
    the following are of interest to Hong Kong:
                                                                    Customs Duties
                                                             Old Rate             New Rate
    Item No.                 Description                 Fun & Preferential  Full & Preferential
    893 202             Toilet cisterns                                 (Not applicable)            8$8 each ton.
    893 202 - 9         Other than those falling within                 (Not applicable)            Nil
                          code 893 202 - 1
    899 531             Slide (zip) fasteners                                1 cent                 Nil
                                                                        per inch per doz.
    899 532             Parts of slide (zip) fasteners                         20%                  Nil
                                                                             ad val.
           In 1968, Hong Kong's domestic exports of slide (zip) fasteners (and parts), and articles made
    of plastics which include toilet cisterns, etc. to Singapore were valued at HK$875,232 and HK$445,784

                                                                                               }
    respectively.
     (Mr. K. Y. Lee, Te!. No. H-453939)

                                          quota    limitation  to ·certain         94.01.130
    Australia                             specified handicraft products Le.        94.01.199
                                          certain traditional, hand-made           94.01.220
    Tariff Preference to Less-Deve­       products of cottage industries,          94.01.292       Other furniture
    loped Count.ries                      for which prior applications are         94.01.299
                                          not required. Details of these           94.03.200
)      C. I. Circular No. 48/68 gave
    a consolidated list of all items      items are set out in Enclosure 2.        94.03.900
)   included in the Australia pre­           All less-developed countries          97.03.900    Toys
    ference scheme for imports from       which are entitled to benefit
    less-developed countries. A sub­      from the .preference scheme are          98.15.000    Vacuum        flasks   and
    sequent extension of the scheme,      listed at Enclosure 3.     Hong                       parts
    as well as certain amendments          Kong is included in the list,             Since quotas are allocated
    to it, were notified by C. 1.         but is excluded from preferen­           only to importers in Australia,
    Circular No. 68/68 dated 29th         tial treatment on the following          exporters wishing to benefit
     August, 1968. A total of forty­      items:-                                  from the preference scheme
    five further items have now                                                    should contact their importers.
    been included in the scope of         70.12.000       Glass   inners     for
                                                          vacuum flasks            The closing date for Australian
    this scheme.                                                                   importers to lodge their applica­
                                          85.09.400   Dynamos as used in           tions    with   the    Australian
       For ease of reference a con­
                                                      lighting sets                Customs authorities for allo­
    solidated, up-ta-date list of all
    items included in the Australian      85.09.510   Bicycle lamps                cation of quotas for the six­
    preference scheme is attached                                                  month period commencing 1st
                                          85.09.590   Lamps used in light­         July 1969 in respect of the goods
    as Enclosure 1. This list gives                   ing sets
    details of the preference quotas,                                              specified in Enclosure 1 is 1st
    the preferential rates of duty        85.09.600   Warning devices and          June 1969.
    and imports into Australia from                   reflex rear lights for          Goods entering under the

                                                      }
    Hong Kong of the items con­                       vehicles etc.                preference scheme are subj ect
    cerned.                                                                        to certain origin rules and
                                          94.01.191       ChairS and lounges of    documentation and certification
)     In addition to quota items,
    the   preference scheme   also
                                          94.01.210       wicker bamboo and
                                                          cane, \vith or without
                                                                                   requirements. For quota items in
                                                                                   Enclosure 1, which is available
    grants duty free entry without                        legs                     at the Chamber, the exporter
4

must endorse on the normal
invoice a declaration to the            Finland                                Australia
effect that the final process of        Adjustment of S])ecific Duties            The Department has received
manufacture was performed in               As a result of the change in        information that in relation to
Hong Kong and that not less             the exchange parity of the Fin­        the Australian Tariff Board's
than half of the factory or works       nish currency in October, 1967,        inquiry into whether assistance
cost of the goods is represented        the Government of Finland, with        should be accorded the produc­
by the value of labour and              the concurrence of the Contract­       tion in Australia of knitted or
materials    of    less  develop�d      ing Parties       of the General       crocheted articles of apparel
countries and/or Australia (the         agreement on Tariffs and Trade,        (Australian Tariff Items 60.05.1
country or countries concernpd          has made adjustments to the            and 60.05.2) and of knitted or
must be named and may include           specific import duties while the       crocheted    shirts   (Australian
other less developed countries as       ad valorem rates of duty remain        Tariff Item 60.04) , a further
 specified in Enclosure 3) . No         unchanged.                             public hearing will be held at
further endorsement is required.           Details of the tariff adjust­       the Public Enquiry Room, Tariff
For handicraft products in En­          ments of interest to Hong Kong         Board, Kings Avenue, Canberra
closure 2, certification is re­         are given in the enclosure which       at 10.00 a.m. on Monday, 21st
quired to confirm that they are         is available at the Chamber. It        July, 1969. Copies of evidence
hand-made and traditional pro­          covers the following:-                 \vhich witnesses intend to give
ducts of a cottage industry in             (a) Items comprised by the          at this hearing should be lodged
Hong Kong. In this connection,
                                                Kennedy Round negotia­         with the Board not later than
this Department is the re­
                                                tions where       there are    7th July, 1969.
cognised certifying authority and
                                                tariff concessions, listing       The Department will report
will, on request, issue Certificates            -(i) the base rates; (H)       on any further developments as
of Hong Kong Origin with the
                                                the rates at present in        they become known.
required endorsement where the
                                                force; (Hi) the rates that      (Mr. T.H. Chau,
facts allow.
                                                will come into effect on        Tel. No. H-4 3123 3)
 (lUr. T. H. Chan,
                                              . 1st   January 1970,     1st
Tel. No. H-431233)
                                                January 1971 and         1st
    Commercial Information                      January 1972 respectively.
      Circular No. 41169.                  (b) Items not comprised by
                                                the Kennedy Round nego­
                                                                                  MEMBERSHIP
                                                tiations, listing - (i) the
U. S. A.                                        old rates of duty; (H) the
                                                rates at present in force.
                                                                                  Change of Address
Fair   Packaging   and    Labelling       Full details of all the tariff         Dammy Hair Products Co.,
Act                                     changes to be made by Finland          Ltd. 910 Cheungshawan Road,
   Further to Commercial In­            are available in the Department's      5/F, Kowloon. (Formerly 1509
formation Circular No. 34/69,           Economic Information Centre,           Union House)
the U.S. Federal Trade Com­             Fire Brigade Building, 2nd floor,        Heem Yick W. B. Company
mission has published the fol­          Hong Kong.                             Rm. 402 China Underwriters
lowing      list  of   commodities       (Mr. P.H. Lee. Te!. H-451919)         Life Bldg., 51-57 Des Voeux
which are subject to control                 Commercial Information            Road C, Hong Kong. (Formerly
under the Fair Packaging and                     Circular No. 38/69            Rm. 501 Chung Nam House)
Labelling Act which will come
                                        Singapore                                Nansan     Enterprises  Ltd.,

                                                                                                                       J
into effect on 1st July 1969:-                                                 Room 408 Takshing House, 20
   Brooms and mops. Fertilizers           The Department has received          Des Voeux Road C, Hong Kong.
of the speciality type. Shoe­           a copy of Singapore Notice to          (Formerly 604 Takshing House)
laces.    Automotive replacement        Traders No. 7/69 dated 17th              Pan Pacific Products Corp.,
parts. Jnk containers. Liquifi­         May, 1968 which announced              Room     202   Queen's   Bldg..
ed petroleum gas. Textile fibre         that imports of sheet and plate        Queen's Road C, Hong Kong.
products. House fixtures. Motor         glass is now subject to quota          (Formerly Rm. 305, 10 Stanley
oil.    Antifreeze.    Metal beds.      restriction based on 120% of           St.)
Metal cots.      Metal springs and      1968 imports. Licences will be           Sang Tsoi & Company, Hang
dual purpose sleeping equip­            jssued to registered quota hold­       Lung House, 9th floor, 184-192
ment.      Elastic fabric (braided,     ers up to 7112 of the annual           Queen's Road C, Hong Kong.
knitted,      woven).     Stationery    quota and will be valid up to          (Formerly 97 Queen's Rd. C.)
and other paper products in­            31st December, 1969.                     Sunlight Trading Comuany.
cluding greeting cards and gift            Consignments of sheet and           Rm.    1002  Prosperous  Bldg.,
 wrapping. Paint, varnishes, and        plate glass already shipped from       48-52 Des Voeux Road C., Hong
 lacquers. Ammunition.         Auto­    the countries of export or for         Kong. (Formerly 111 Alexandra
 motive       chemical     products.    which irrevocable Letters of           House)
Lubricants for home use. Plas­          Credit were established before           Vorarat Company Ltd., Rm.
 tic shelf paper, plastic table         17th May, 1969 will be permit­         803 The Hong Kong Chinese Bk.
 cloths.    Safety fiares (for auto     ted import.                            Bldg., 61-65 Des Voeux Rd. C ..
 and     pleasure    boating    use).      In 1968, Hong Kong's domes­         Hong Kong.     (Formerly 1002
 Solvents and cleaning fluids for       tic exports of glass (including        HK Chinese Bk. Bldg.)
home use.        Toys.   Waxes for      sheet and plate glass) to Singa­         Woo Brothers, Room 510 &
 home use.                              pore were valued at HK$102,269.        504 Great China HOllse, 14-14A
  (Mr. A. T. S. Cheung, Tel. No.        (Mr. K. Y.       Lee,   TeI.  No.      Queen's Road C., Hong Kong.         )
 H-247316) .                            H-453939)                              (Formerly 1335 Central Bldg.)
5

   Bhojsons & Co. (H.K.) Ltd.       EAST GERMANY The 1969
304    Hing   Fat   House,
Duddell Street, Hong Kong.
                             8-10   Leipzig Autumn Fair will be                          TENDERS
                                    held from 31st August to 7th
   (Formerly    504   Ring    Fat   September 1969.
House)
   China Underwriters Life &        UN I T E D KINGDOM. A                        Hong Kong
General    Insurance   Co., Ltd.    calendar of forthcoming exhibi­
 China Underwriters Life Bldg.,     tions from June 1969 to March                  Tenders are invited for the
51 Des Voeux Road C, Hong           1971 to be organised by Brintex              following: -
Kong.                               Exhibitions Limited, 3 Clement's
                                                                                   Supply of Chinese Books for
   (Formerly Gloucester Bldg. )     Inn, London W C 2, England, is
                                                                                 Hong Kong Government.
   General Exports Ltd. 1130-       at the Chamber for interested
                                                                                    Supply of Wax Floor Polish.
1132 Prince's Bldg. 5 Chater        members to read,
                                                                                    Supply of Name Plaques for
Road, Hong Kong.
   (Formerly 2424 Prince's Bldg.)
                                    IRAN The Second Asian Inter­                 Parks and Playgrounds.
                                    national Trade Fair will be held                Making up of Uniforms re­
   Herbert Kees Limited, Star
                                    in Tehran from 5th to 24th                   quired by the Marine Depart­
House, 19th floor, Kowloon.
                                    October 1969.   Details at the               ment.
   (Formerly 9 Ice House Street)
                                     Chamber.                                       Purchase from the Hong Kong
   Manchu Gems Ltd., 373, To
Kwa Wan Rd., 11th floor, Block                                                   Government     of Miscellaneous
                                    FRAN CE       A calendar of Ex­
                                                                                 Railway Stores.
"B", Kowloon.                       hibitions for 1969-1970, organized
   (Formerly 231, Nathan Road,                                                      Supply of White Disinfectant
                                    by the Association Francaise des
2nd floor, Kowloon.)                                                             Fluid.
                                    Salons Specialises, 22 Avenue
   Ming Ming Trading Co., 401                                                       Supply of    Cotton Pullovers
                                    Franklin Roosevelt, 75 Paris
Takshing House, 20 Des Voeux                                                     and Woollen Socks.
                                    8e, is at the       Chamber for
Road C, Hong Kong.                                                                  Tender forms and further de­
                                    interested members to read.
   (Formerly     1303   Takshing                                                 tails are available from the
House)                              WEST GERMANY The In­                         Procurement Division, Govern­
   Myer & Co. (HK) Ltd., Room       ternational Household Goods and              ment Supplies Department, Oil
1201A Takshing House, 12th          Hardware Fair will take place                Street and the Public Enquiry
floor, Hong Kong.                   in Cologne from 12th to 14th                  Centre in Kowloon and Hong
   (Formerly 602, 6th fioor, Tak­   September 1969.                              Kong.

                                                                                                                           I
shing House, Hong Kong.)
   Oriental Enterprises Co., Ltd.
53 Hung To Road, 4/F, Kwun
Tong, Kowloon.                                         Notice to Exporters
   (Formerly 31 San Shan Road)
   Oriental World Trading Co.,          The Commerce & Industry Department has issued the follow­
Ltd. Room 1032 Prince's Bldg.       ing Notices To Exporters. Members are reminded that if they
10 Chater Road, Hong Kong.          wish to receive these notices, please write to the Commerce &
   (Formerly 510 Great China        Industry Department, Fire Brigade Building, Hong Kong, stating
House)                              the series they require.
   St. George's Building Ltd, St.        SERIES NUMBER                          SUBJECT                     DATE OF ISSUE
George's Bldg. 3rd floor, 3 Ice
                                          Series           Exports of Cotton Woven Tex­
House Street, Hong Kong.
                                    3 (E.E. C.) 7(69         tiles to Federal Republic of
    (Formerly    Lane    Crawford
House )                                                      Gerlnany   .. . . . . . . . . . . , . . .
                                                                                  ,                     ,     20 May 1969
   Ziang Kong Co. Ltd., Room              Series           Ex-Quota Shipments of Grey
533, Star House, 3 Salisbury        3 (E.E. C.) 8(69         Fabrics to Benelux Countries
Road, Kowloon.                                               for Processing and subsequent
    (Formerly Keystone House,                                Re-Export     .. . . . . . . . . .
                                                                                         ,      ..
                                                                                                ,   .          2 Junc 1969
2IF"    No. 6, Hankow Road,              Series            Exports of restrained non-cotton
Kowloon.)                           6(E.F.T.A.) 15(69        Garments to Sweden for the
                                                             period 1st July 1968 to 30th
                                                             June 1969 .... .. . . . . . .. . . . . .          2 June 1969
    TRADE FAIRS                           Series           Export of Cotton Textiles to
                                    4 No. 2(69                Canada                                           4 June 1969
SYRIA       The 16th Damascus       Series 1 (Britain)         10/69       Export of Restrained                16 JUlle 1969
International Fair will be held                                              Cotton Textiles to
from   25th   August   to  20th                                             Britain
September 1969. For further
information contact the Fair's      Series 1 (Britain)         11/69                  - do -                      - do -
Director General, 67 Avenue de      Scries 3 (E.E.C)            9(69       Exports of Woollen                  10 June 1969
Bagdad, Damas, Syria,                                                       Knitted Outcnvear
                                                                             to Fed. Republic of
TAIWAN The Electronics Ex­                                                   Germany
hibition  will takc place in
Taipei from 24th November to        Series 4 No. 2/69                      Export of Cotton Tex­                4 June 1969
5th December 1969, For details                                              tiles to Canada
contact Mr, Richard Tsing, 415      Scries 6 (E.F.T.A.)        16(69       Exports of restraincd                9 June 1969
 Central Building, Hong Kong,                                                non-cotton garments
or telephone H-243337,                                                       to Sweden
)
                                               )

                                               !
                                               ,

                                               )

PRINTED BY SOUTH CHINA MORN1NG POST, LIMITED
9

    IIlli���lilllll.W�flll.ill�.III.111

t

    Kenya                                   During the first eight months        The cotton crop was also small
                                          of 1968, Kenya continued to suf­    because of bad weather condi­
                                          fer from a large trade imbalance    tions. The peanut crop was
       At the end of June 1968, sales     but exports of domestically pro­    poor but conditions enabled the
    in the commercial sector were         duced goods rose by 10 per cent.    surplus from the previous year
    14 per cent below those of the        Almost two-thirds of this in­       to be moved to market. How­
    first six months of 1967. Unem­       crease went to Great Britain.       ever, by the end of December,
    ployment grew in all non-agri­        There has been almost a 25 per      exports of crude petroleum had
    cultural sectors except com­          cent growth in imports from         reached 60 per cent of what
    merce.     Kenya now faces the        Japan compared with the first       they had been in June 1967.
    delemma     of   increased  local     eight months of 1967.
    manufacturing facilities with a         Hong Kong's exports to Kenya
    deterioration in the standards of                                            In spite of the fairly severe
                                          amounted to HKS33.84 million
    distribution. The situation will                                          import restrictions, Nigeria in­
                                          in 1968. an increase of 54 per
    probably worsen as a result of                                            curred a trade deficit during
                                          cent. Our re-exports totalled
    the measures taken in trade                                               the third quarter of 1968 be­
                                          $4.92 million, an increase of 72
    licensing.                                                                cause exports were down. It
                                          per cent. However, our imports
                                                                              has been announced that no
                                          from this sensitive market at
                                                                              further concessions will be given
       It is evident the Trade Licen­     $15.25 million fell by 47 per
                                                                              for the import of grey baft or
    sing Act is being carefully con­      cent, mainly because our im­
                                                                              other raw materials for the pro­

}
    sidered to ensure that establish­     ports of raw cotton from Kenya,
                                                                              duction of printed fabrics. It is
    ed business run by non-citizens       declined by almost 75 per cent.
                                                                              hoped that local cloth will re­
     but which are unlikely to b e        Our major export Hems in 1968
                                                                              place imports entirely by 1970
    Africanised    soon     should   be   were clothing and cotton fabrics.
                                                                              and intended to ensure that tex­
    granted licences for a longer
                                                                              tile printers are able to produce
    period-from two to three years
    - without being subjected to          Nigeria                             their own baft, thereby saving
                                                                              large amounts of foreign ex­
    annual      renewals.     However,
                                                                              change.
    some of the 730 Asian business­          At the end of January 1969,
    men whose licences to trade           Nigeria's foreign exchange re­
    were not renewed for 1969 have        serves amounted to US$101 mil­         Hong    Kong's    exports    to
    appealed against the decision or      lion, around which figure the       Nigeria for the first two months
    for a n extension of time. Many       reserves have hovered since the     of 1969 amounted to HK$3.55
    of them, nevertheless, have clos­     end of 1967. Nigeria has manag­     million, a decrease of 26 per cent
    ed down their shops on the            ed to keep the reserves fairly      compared with the same period
    March 31st deadline. Confusion        steady by delaying the remit­       in 1968. Our re-exports at $10.41
    continues,    however,      because   tance    of  foreign    exchange.   million have decreased by 30
    many      formerly    total   Asian   During the last half of 1968,       per cent. One of our export
    bUsinesses have taken in a            Nigeria's   traditional   exports   items which has shown a signi­
    nominal African partner and           were running well below the         ficant increase during this period
    claim to be genuine African           level of a year earlier. The        has been enamel frits which is
    businesses now, possibly with a       cocoa crop was small but the        used in the making of glass and
    change of name.                       prices paid for it were high.       porcelain. Exports of this item
10

in the first two months of 1968       and importations are noticeably       The 1968 cotton crop. one of the
amounted to S300.000 but in           decreasing.                           larger minor exports, surpassed
1969 it has already      reached         While Honr Kong's exports to       the most optimistic expectations
$990,000. Textile machinery has       this market improved by 25 pcr        and earned for the country
also increased from $100,000 to       cent last year, to reach HK$4.62      US$40 million.     Predictions for
$310,000 although our re-exports      million, our trade during the         1969 are for an even larger crop.
of this item are down. Most           first quarter of 1969 has fallen      Major exports, principally coffee,
other items of export have de­        by 49 per cent, compared with         dropped     significantly    below
creased,   particularly clothing      the first quarter of 1968.    The     1967's level.
and cotton fabrics.                   figures were $580,000 this year,
                                                                              With effect from March 7 .
   The expansion of the oil in­       compared with $1.13 million for
dustry is likely to be remal'kablc                                          Colombia    has  prohibited  the
                                      last year.   Our re-exports have
                                                                            importation of a group of items.
in the next six months. By the        also declined, though not to as
                                                                            among which are: crude soya oil.
end of January, total oil pro­        great an extent.     Our imports
                                                                            textile fabrics prepared with a
duction had      already reached      of cotton have risen by almost
                                                                            basis of drying oil. gramophone
almost 500,000 barrels per day.       300 per cent from $3.23 million
                                                                            records and record blanks, tape
   Nigeria's balance of trade for     last year to $12.78 million during
1968 was similar to that in                                                 recordings, buttons and button
                                      the first quarter of this year.
1967. The export surplus was                                                moulds, cuff links, studs, snap
                                                                            and press fasteners.    Colombia
US$51.5 million as compared           Zambia                                has also reduced thc prior de­
with $53.5 million for the pre­
                                        With effect from 1 April 1969,      posit requirements on a long list
vious year. There was a signi­
                                      the Zambian Government has            of items from 130 per cent to 70
ficant reduction of $95.5 million
                                      raised the rates of customs duty      per cent.
in the value of crude oil ex­
                                      on a ,roup of textiles which will
ports because production of oil
                                      affect the Hong Kong exporter.
did not resume in earnest until
September.    Foreign    exchange
earnings of cocoa and raw cotton
                                      The fabrics concerned are those
                                      containing more than 50 per           South East Asia
                                      cent cotton such as twills, drills,
exports were down by $8.4 mil­
lion each. Increases were shown
                                      printed or manufactured trom          Thailand
                                      coloured yarns, grey cloth and
in peanuts, tin and palm kernels.                                             Thailand's real Gross National
                                      bleached cloth. The duties have
There was a 13.6 per cent fall                                              Product grew an estimated 8 per
                                      been raised from HK$OAO and
in the cost of imports, the re­                                             cent in 1968, an improvement of
                                      HK$O.60 per sq. yard to HK$O.96
sult of stringent import restric­                                           more than 3 per cent over the
                                      per sq. yard.
tions.   With the revival of oil                                            previous year's growth. Contri­
production, the continued good                                              buting to the advance were a
prices
improved
         paid   for
             peanut
                      cocoa,  and
                        shipments,
                                      South America                         pickup in agriculture, expanding
                                                                            industrial output and increased
Nigeria has recorded a trade          Colombia                              construction activity.   The pre­
surplus of more than $56 mil­                                               vious year's drought, however,
                                         Aid to Colornbia is estimated
lion during the nrst quarter of                                             reduced     agricultural   exports
                                      to have reached about US$350
1969.                                                                       and, together with rising imports.
                                      million in 1968. The country is
  Hong    Kong's    exports     to                                          widened the trade deficit to
                                      seeking a further $410 million
Nigeria have declined by 28                                                 about US$500 million. This gap
                                      for this year.   The cost of debt
per cent during the first quarter.                                          continued to be offsct by U.S.
                                      serving,   which    amounted    to
They reached HK$4.43 million                                                military spending, tourisrn and
                                      some 13 per cent of export re­
at the end of March. compared                                               capital inflows. American mili­
                                      ceipts in 1968, is not expected to
with $6.13 million for the same

                                                                                                                 J
                                      become too heavy a burden on          tary expenditure has been im­
period last year. Our re-ex­                                                portant in boosting the Thai
                                      the reserves of Colombia. It may
ports have also dropped, as have                                            economy.     These expenditures
                                      rise to more than 17 per cent
our imports. All categories of                                              have helped push Thailand's
                                      during the next few years.
our major exports have declined                                             foreign exchange reserves to a
                                         The gross gold and foreign
with the notable exception of                                               record $1,050 million, some 42
                                      exchange reserves of Colombia
enamel frits, which have im­                                                per cent above that of 1965.
                                      rose from US$149.3 million at
proved.
                                      the end of 1967 to $217.6 million        Hong Kong's domestic exports
                                      at the end of 1968. Foreign debt      to Thailand in 1968 amountcd to
Uganda                                was reduced by $3.2 million. The      HK$99.56 million, an increase of
   No import licences have been       net reserves at the end of 1968       11 per cent.      Our re-exports
issued since the beginning of         amounted to $35.1 million. The        totalled $56.33, an increase of 8
February for      cotton   textiles   improvement continued to the          per cent. After the tremendous
manufactured       outside    East    end of the first quarter of 1969      spurt Hong Konl,t's imports re­
Africa or for textiles made from      when the net reserves reached         gistered in 1967, largely because
other materials if their landed       $50 million.                          of increase in the import of rice
price in Mombasa was less than           In line with the improvement       a·nd live cattle. our imlKJrts in
2'6 per square yard.     This re­     in the extCl'nal position, there      1968 returned to approximately
striction is designed to improve      has been a restoration of stabi­      the level they held in 1966. Last
the market for local textile pro­     lity in the domestic economy.         year they amountcd to $268.82
ducers who are going through          Prices, which in recent years         million. By far our largest item
a difficult period at present.        have risen by over 15 per cent        of export was iron and stccl
Trade generally has been good         annually, slowed to 7 per cent in     bars.   distantly   followed   by
during the past quarter although      1967 and to 6 per cent in 1968.       clothing, miscellaneous manufac­
smaller traders are finding dif­         In 1968 Colombia's imports         tured    articles  and    Chinese
ficulty in meeting commitments        and minor exports increased.          medicine.
同樣願念麻貝。           十八),表服(佔百份之十 八V和玩 直接入口。但現在部有傾向零售的組
                       去年澳、
                          洲輸入貨品總值達二百零具 (佔百份之八)。增 特
                                                 加  別迅速的勢 ,道包括百貨商店而言。他們在海
                     九億港元,比一九六七年增加 了百份 種類是綿質和人造纖維的恤衫,香港 外設立勝頁 中
     會

                                                               心,並且為廠商直接翰
          訊

                     之七點-7單 是英、美、日三個國家追 類的貨品在去年增加 速
                                                  一倍。書籍 入。另一方式是經由商行輸入貨品而
                     ,巴輸入總值的三份二。倘若其他輪 輸出增加 E份之一百七十八,而旅行再銷售。
                    叫
                    開闊仿
                      制的制
                        惜觀糊
                          糊酬抑
                            制何 時組
                                碑的叫
                                  路亦不
                                    俗,是                        重儲體備
                     、美、旦=國在澳洲 的布獨的一部份      出口商應記椅錢點資料。道也   一
                                                            資    不論以合約方式或自由方式的脖
                     。                    料都是取自工商處編訂的「國家小冊念,都是位信耍的。昕以,在貨物到
                       明顯的敵策              」。本會可供應這類小冊給予有此需途 之前,倉儲問題應有漏意安排。貨
                                          耍的會員。               物如停留在貨企的棚架下超途跋天,
 庄 、﹒F
     -    在今日世界裳,有一 貨品司駐請問 服技齡
                           佩                  關融            體扮得       費用給予「海港及捲日
 du?」句 個生活程 度相當高的國家 之目的在鼓勵國內工業的設長,並且        香港賀的一  股 關稅係以離岸價計
 叫叫什l ;她的國民總生產的質際 已設置關說制度去保趙國內工業。 詐。鎧定我寧的機稱是「關稅周
 羽何似喻 戶 伯伯在近六年來增 了
                加 百    關說政 策將來 的前進 正
                                   在 辯給
                                                           」。  所 艾件 需
                                        中 該局可 建議 滑鐵 閥混,或限制入口數      所有輸往澳洲 的貨品均信仰
 l卜ll l份之三+六。預料在可見   。但無論其 結果 如何,香港對 澳洲 輸血 。除  正
                                               常 關稅外 ,對某些種類貨品 有 融合發票,價值證及來跟毯。為使
 99日闊 的將來,她對消對品的話 出的前奈,很明     顯的是不要和 澳洲 國 並可徵收 百 份之五 或百份之十的附加 貨 物能立即清理,載貨單、發眾和其
 刊MUJ
    川川 求,將會很大,而且逐漸 內工業的市街街笑。澳洲 劫鱗業的大     貌 。至於 那 且一
                                                  種類 貨品需徵一定的附 他 船連文件亦信迅速發送。
  -ι去
   vB H 。這個圓家便是澳洲 部份前桐樹  ,都屬此類。           加麓,現仍未定。但在
A
P象h
 th c                                                  法服項下多數    出口商在正常發票土應簽署一項
11

                       現時香港雖然鼓勵對澳  洲 輸出和 類目,則徵般百份之五。          證明,保證最後的生產程序係在輸出
          一個澳洲工人平均每
 “n-N川
  次 Jh 1過約賺相當港幣三百六十 錯u
                     玲 玲聞
                        時間將
                          計訓啥              銷貨稅              闊
                                                            別制制
                                                              服服U
                                                                驗結齡玲
 r卜卜lMH 四元的工資。他會很願揖A澳洲 輸港貨品增加 了 百份之五十七。     所有在澳洲 銷售的貨品和物品, 於其輸入澳洲 貨品生產成本的一半。
 b且可組刊 使用其工資主獲得美好的 去年,澳洲輸港主要的貨品是食品, 都要繳付「銷貨說」。該說額之計算              -
 2,aHV 生活享受。現時,大多數 佔澳洲 全部輸港貨品百
 澳
                                 份之四十;竿 ,係以最後批發價為標擊
  洲 袋庭最少據有一部汽車,而裝置 宅和金屬品則分別佑百份之十九及百                     。      銷售奧標語       規定
                                            但很多物品都兔緻「銷貨說」'       許多類貨 品,包括食品、紡線品
 電話、收音機和屯觀穢的家庭則在增 份之十}   τ                例如﹒ 食品、醫藥、外科儀器、工廠 、首飾、聳聽、陶怒、玩    具 、樓板磚
 加中 。
    澳洲 有一千二百萬人口,每人每     第 五個 最大 市 場       生
                                          育
                                           產
                                           團
                                            設
                                            體
                                              備, 大多數 建築材料,與及教 塊和鞋靴等,必須有永久性的標誌'
                                              和政 府當局 的用品等。一般的 姓 明其來源國 家。倘若有重益或數E
 年平均使用相當於港幣六千二百元以      香港對澳 洲 輸出及轉口貨品在一 「銷貨說率」是百份之十二點五,但 的說明,亦須特
 艙買消貨品和其他物品。                                                           別指出其為毛盤或淨
                     九六五及一九六八年之間分別增加 7   一 些奢侈品則定為百份之二十五。傢宜。如風食品和欒物,則須附有詳細
    像其他高生活程度國家的人民一 百份之八十一及百份之三十四。澳     洲 他及家庭設備則以 特   別種類處理,只 和精聽說明。
 樣,澳洲 人如果詔為他昕使去的金錢 現時是香港第五大市街。去年,澳洲       徵收百份 之 二點五 。
 能獲相當價值的話,他隨時願您使用 向香港購買 了   價值港幣二億四千二百                         信 保健 用
 其金錯。自然,他很喜歡騰貝澳
 身出產的貨品。但如果外來貨品的價
                 洲 本 肖元的輸出晶和價值港幣五千萬元的       分鉗制度                 香港出口信用保臉局對本港出口
                     轉口貨。                   大部份澳洲的入口貿易係由當地 商輸往澳洲 貨品有關付款或承諾等文
 格便宜,質地或設計使頁的話,他也      輸出品包括紛織品 (佔百份之三代 理處理。他們可能是故受俯金或者件 ,可提供信用保隘服務。
3
可

                                          賴管理顧 問之前。這並不表示顧 問  永      和經驗的服路,而不是一校
     由 本 會 霸 道 加 入 一位 「管 理 顧 問 」          不會失敗,也不表示每一項顧 問  服游       魔術棒。
                                          的委定係 鼠不合格的成功。         (=v你應衷誠地聆聽顧 問
                                                                  -           的意見
     說到 「管 理 顧 問 」的 工作                       在透醜顧 問的地位時,吾人須緊
                                          記他並非單獨一人工 作  ,他是與他的
                                                                   及觀察其工 作
                                                                 但你經過這些
                                                                           方式。
                                                                        一階段之役,發覺戚
   本會最近接受了一位管理顧 闊    的獻該去改組本會的辦事處。新近加入本 顧 客  或某一機構共同工 作    有好 問
                                                        。顧 客    犯了錯誤,便可設法制止他。不過
豆 豆 豆 利、賀喜 先生,贊 助理替 身份量 公共關係 害 。他以報 訂 臨 晶 臨臨 敏 鵑 缸 想 體 餓 餘 啥 叫帥路
前曾在一間國際性大顧 閻   公司工 作 凡 年。他現在向本會會員提供他們 顧
                      三                從  顧 闊的方式有好 亦有不 好。         毀,不過你仍可自傲一下。但
                                                               了顧 問
問 身土所能得到的服窮。                                 因此,要成功地利用顧 問 ,責任 如果是他對的話,那麼你永不會知道
   管理頓時版發於過去二十年間,內 的包腦、工 作     研究、分散發展計創 是在顧 客 身上。首先,他一定要明白 這罔事。
在很多方面都顯出它是一門成長的行 等亦國他們工 作      純因之內。如風適當 顧 問 昕能供應的服務。第二、他希望       ×     ×     ×
 業。但於一九 四五年時,甚至在歐洲 ,他們的工 作    可成為國監 川例如: 顧 問 所傲的工 作委 李 質際。                 月 月 香
和美國,頭 閻  公司很少而又不常見, 他們可協助建立海外賀喜分么司或調         基本上, 一個顧 閉只可向他的廠    弘 貿本
                                                                 主
                                                                 ﹒     統度一
                                                                      易年  蚊字至五由統份
                                                                    港    計  ,經 計
它們主要是提供「工 作   研究」的服務查 某一出口市頃。 但            提供兩芳面的服務。那便是時間和 份 材 處發表。各
                                           客                              會員可否本會查
。這些 一「工 作研究」本身只不過是       為什麼這些顧 問 的E星 如此成罰 單 的 客 觀態度。二者之中,前      發
頁了 的「時間與動 作  研究」。顧 問 們坊 ,當然,其中一項重要兩可是成為 者似  屬較普遍,但質際上是較蜜耍的  凹的
                                                             們
                                                          的人 (1 .
                                                                    閱。
                                                                      此項統計,包括本港對
極受生產工 作  的限制,很難對他們的 顧 問  的才能。有令垠的頓在么司不會 。很多管理錢題都因每日工 作
顧客 提供市場、合計或一般管理方面 僱用非大學畢 業     生或相當程度的人仕無 論他是怎樣能幹和聰明),沒有時 E 數酬吐胸悶闊的 啊!相信
的意見。                   ,而這些人員木僅有富 的工 業 管理間去泠靜地思考 問  題,更沒有時里 一計 挪威 丹麥 瑞士
12

   但A「天在 乎每一間國際性大工 經驗,並且達到最低限度的才智及其想 出執行新工 作       計創的方法。      度克     森堡 、 、比
                                                                     盧、       中利時
                                    公司只值用    顧問所提供的解決方法未必絕對 E F  切、      、意大利、 國大
廠都不時僱用顧 問;有些機構則僱用 他技詣。因是之故,顧 問
永久性顧 悶  。他們都為其顧 客 或望 有最高管理才能的人仕。又因為顧 問   正 確。世界上還沒有真 的人。這   時    動 甜甜誠 心 削鳴 叫指
                                    ,所以他們          時 間時間棚帥叫胡毒 質 、葡萄牙、芬蘭、西     班 牙、
路 師 軒 m   晶 晶 開州糊糊弘 一紛將 譜 帥一    結呵        几位組棚掀卅一 …
府部門、固有工 業   、醫院、教會、歐     第一一   公司花費大登時間訓比一
                            、顧 問           解決方法曾經顧 問
                                           一         與他的同事商討        星加坡、印尼、台灣、菲律
治性和慈善機構、皇家歌劇院、。。      4練和再訓練他們的職員。所以一個顧 過,所以質際上是綜合思考 力    和經驗育 、韓國、印度、泰國、巴基斯坦、
1臣"。 且會闕 ,和愛T堡笛的負責人間 特目在他工 作 月   的初期,每年要受 的結果。因此,如果這些  一解決方法係 多明尼加、陌爾及利亞、加丹  納、尼日
哥。
等                      訓一至討個 。較大的顧 問 公司會有屬沒有價值的,那便是奇怪的事了。 利亞、怯尼亞、阿根庭、蘇 、困惑
                                             所以,顧 問的顧 客要遵循下列寧 、黎巴繳、沙地亞拉伯、利比瑞  亞、乘
   大機構固然是他們的顧 客   ,而車 自己的研究和發展部門,使管理技術                                   哥 、委內 拉、
                                                               比亞、巴拿馬、墨西
房、士多、書店、攝影公司和其他類追 上時代,並且利用他們的學教來發 項﹒
似的小機構,也都是他們的顧 客     。 展這些 技衛。
                          一                 (一)在館用顧 問之前,應清楚地哥 倫比亞、 尼加拉瓜、厄瓜多爾、
   顧問 除了 本身是生產管理專家外      第一一
                           一、自於顧 問職業本身的特點      認聽你的目標。但不需知到哥 斯達尼加、危地烏拉 、及烏干遂
,質際上是「通天晚」。因他們要眩 ,他們常由一聞公司轉到別一悶。因              達成此項目標的方法。如你嚀 。
付鑽乎所有有關組緻的 問    題,上至國 此,他可以獲得廣泛的知識,利用在         已獲知解決方法,你便不需

                                                                                   ×
                                                                           ×
                                                                   ×
際機構最高管理階層,下至貨倉或事甲 公司得到的知穢,用於處理乙公司              顧問的協助,或者你便不能
都研的規格等 問  題也包括在內。生產 的困難。                       與顧 問共同工 作。

                                                                               ×

                                                                                       ×
                                                                       ×
 、銷售、會計、一般管理、甚至較專        總之,任何一個成功的經理,多 台一)你須知道你只是在鱗用時間
13

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