APPENDIX TABLESHong Kong, China WT/TPR/S/109
Page 79
Table AI.1
Balance of payments, 1998-01
(HK$ million)
1998 1999 2000 2001
Current account 34,283.0 93,447.0 70,960.0 91,525.0
Goods and services 17,885.0 70,614.0 62,205.0 68,498.0
Credits 1,633,997.0 1,634,696.0 1,896,947.0 1,812,069.0
Debits 1,616,112.0 1,564,082.0 1,834,742.0 1,743,571.0
Merchandise trade balance -60,667.0 -24,501.0 -63,832.0 -64,970.0
Exports f.o.b. 1,361,885.0 1,355,529.0 1,579,367.0 1,488,982.0
Imports f.o.b. 1,422,552.0 1,380,030.0 1,643,199.0 1,553,952.0
Services 78,552.0 95,115.0 126,037.0 133,468.0
Exports 272,112.0 279,167.0 317,580.0 323,087.0
Transportation 85,074.0 89,230.0 99,513.0 101,815.0
Travel 58,661.0 56,471.0 61,786.0 64,594.0
Insurance services 3,102.0 3,065.0 3,452.0 3,942.0
Financial services 16,324.0 19,206.0 20,859.0 19,739.0
Other services 108,952.0 111,196.0 131,971.0 132,997.0
Imports 193,560.0 184,052.0 191,543.0 189,619.0
Transportation 42,865.0 39,238.0 48,628.0 49,334.0
Travel 104,361.0 101,889.0 97,402.0 96,057.0
Insurance services 4,600.0 4,975.0 4,111.0 4,048.0
Financial services 6,739.0 5,729.0 5,536.0 5,320.0
Other services 34,995.0 32,221.0 35,865.0 34,860.0
Income 28,762.0 34,777.0 21,768.0 36,137.0
Credits 362,719.0 364,863.0 416,774.0 374,419.0
Debits 333,957.0 330,086.0 395,006.0 338,282.0
Current transfers -12,364.0 -11,943.0 -13,013.0 -13,110.0
Credits 5,179.0 4,419.0 4,193.0 6,344.0
Debits 17,543.0 16,363.0 17,205.0 19,454.0
Capital and financial account -31,514.0 -83,374.0 -57,863.0 -85,717.0
Capital and financial non-reserve assets (net change) -84,094.0 -5,507.0 20,459.0 -49,187.0
Capital account -18,445.0 -13,812.0 -12,044.0 -9,059.0
Financial account -13,068.0 -69,562.0 -45,819.0 -76,658.0
Financial non-reserve assets (net change) -65,649.0 8,305.0 32,503.0 -40,128.0
Direct investment -17,192.0 40,511.0 19,976.0 108,068.0
Abroad -131,551.0 -150,178.0 -462,593.0 -70,011.0
In Hong Kong, China 114,359.0 190,689.0 482,569.0 178,079.0
Portfolio investment 171,052.0 256,812.0 190,782.0 -309,317.0
Portfolio investment assets 197,444.0 -197,347.0 -171,627.0 -305,178.0
Equity Securities 65,888.0 -235,277.0 -137,154.0 -176,673.0
Debt Securities 131,556.0 37,929.0 -34,472.0 -128,506.0
Portfolio Investment Liab. -26,392.0 454,159.0 362,409.0 -4,139.0
Equity Securities -16,314.0 469,282.0 366,060.0 4,650.0
Debt Securities -10,078.0 -15,123.0 -3,651.0 -8,788.0
Financial derivatives 25,550.0 79,225.0 1,661.0 39,108.0
Other investment -245,059.0 -368,243.0 -179,917.0 122,013.0
Other investment assets 928,125.0 332,646.0 142,354.0 454,220.0
Other investment liab., n.i.e. -1,173,184.0 -700,889.0 -322,271.0 -332,208.0
Reserve assets (net change)b52,581.0 -77,867.0 -78,321.0 -36,530.0
Net errors and omissions -2,770.0 -10,074.0 -13,097.0 -5,808.0
a Negative value means an increase in reserves.
Source: Data provided by the authorities of Hong Kong, China.WT/TPR/S/109 Trade Policy Review
Page 80
Table AI.2
Foreign direct investment inflows/outflows by major economic activity, 1998-00
(Per cent of total FDI)
Sector description 1998 1999 2000
Inflows
Total (HK$ billion) 114.4 190.8 482.2
Investment holding, real estate and various business services 36.0 30.5 67.8
Wholesale, retail and import/export trades 11.0 10.4 13.0
Banks and deposit-taking companies 21.7 24.7 7.2
Financial institutions other than banks and deposit-taking companies 1.4 7.8 4.1
Transport and related services 3.0 2.1 2.5
Manufacturing 7.0 8.1 1.0
Construction 3.0 2.2 1.0
Insurance 1.9 3.1 0.8
Restaurants and hotels 3.7 0.7 0.8
Communications 7.1 -0.2 -0.2
Other activities 4.3 10.6 2.0
Outflows
Total (HK$ billion) 131.5 150.0 462.5
Investment holding, real estate and various business services 58.8 28.1 71.3
Wholesale, retail and import/export trades -7.0 21.2 8.1
Communications 3.7 6.1 3.9
Manufacturing 1.9 17.1 3.5
Financial institutions other than banks and deposit-taking companies 5.7 5.2 2.5
Banks and deposit-taking companies 9.4 3.3 2.3
Transport and related services 0.4 2.1 1.9
Construction 5.9 3.8 1.0
Insurance 2.3 2.9 0.6
Restaurants and hotels 1.5 5.0 -1.7
Other activities 17.3 5.3 6.5
Note: Individual figures may not add exactly to the total due to rounding.
Source: Data provided by the authorities of Hong Kong, China.Hong Kong, China WT/TPR/S/109
Page 81
Table AI.3
Foreign direct investment inflows/outflows by country, 1998-00
(Per cent of total FDI and HK$ billion)
Country 1998 1999 2000
Inflows
Total (HK$ billion) 114.4 190.8 482.2
British Virgin Islands 26.5 25.6 49.4
China 17.7 20.2 23.0
Singapore 0.4 3.1 12.5
Bermuda 18.1 12.9 7.7
Japan 0.5 3.5 5.2
United States 5.8 10.0 3.9
Cayman Islands 4.6 0.7 2.3
Netherlands 11.5 12.7 1.5
Panama 0.7 0.7 0.1
United Kingdom 7.3 1.0 -8.6
Others 6.9 9.4 3.0
Outflows
Total (HK$ billion) 131.5 150.0 462.5
China 41.1 52.4 78.1
British Virgin Islands 43.7 22.1 15.2
Bermuda 1.7 4.0 2.7
United Kingdom 2.9 -15.5 1.0
Singapore -6.4 2.7 0.8
Japan -0.6 0.4 0.7
United States 1.0 0.7 0.6
Panama -3.0 0.3 0.5
New Zealand 3.5 0.3 -0.2
Cayman Islands 6.4 0.9 -1.3
Others 9.7 31.8 1.9
Note: Individual figures may not add exactly to the total due to rounding.
Source: Data provided by the authorities of Hong Kong, China.WT/TPR/S/109 Trade Policy Review
Page 82
Table AIII.1
Goods subject to import licensing, 2002
Goods PurposeResponsible
authorityProcessing time Fees Validity
Textilesa, bAs a surveillance
for the HKSAR'stextiles exportcontrol systemTrade and Industry
DepartmentTwo working days
For Special ImportLicence (Textiles)
applications are
approved immediately
bFee for Import
Licence(Textiles) Form:
HK$40
Fee for SpecialImport LicenceForms:  HK$4328 days
Non-transferable
Strategic commoditiescTo monitor theinflow of strategiccommodities and
to protect
HKSAR's accessto high technologyproductsTrade and Industry
DepartmentTwo and a half clear
working days forimport applications
covering strategic
commoditiesNo fee Six months
Non–transferable
Rice To maintain a
reserve stock for
emergency
purposesTrade and Industry
DepartmentOne working day No fee
Import licence
forms:  HK$26
per pad(containing20 sets)Six weeks
Non-transferable
Pesticides Public health Agriculture,
Fisheries and
ConservationDepartmentOne working day No fee Six months
Non-transferable
Pharmaceuticalproducts and medicinesPublic health Department of
HealthTwo working days No fee Six  months
Non-transferable
Radioactive substancesand irradiatingapparatusPublic health Trade and Industry
DepartmentOne working day No fee Six months
Non-transferable
Ozone-depletingsubstances originating
in contracting  parties
to the MontrealProtocol 1987Environmental
protectionTrade and Industry
DepartmentTwo working days Fee:  HK$940
Import licence
forms:  HK$28
per pad(containing5 sets)60 days
Non-transferable
Dutiable commoditiesdTo collect theexcise dutiesCustoms and
Excise DepartmentWithin 14 working
daysFee HK$950 One year
Non-transferable.
Controlled chemicals(for substances listed in
Schedules 1 and 2 of
the Control ofChemicals Ordinance,Chapter 145 only)To prevent
diversion of
controlled
chemicals intoillicit
manufacturing of
narcotic drugs andpsychotropicsubstancesCustoms and
Excise DepartmentWithin 14 days Fee HK$790 One year.
Non-transferable
Left-hand drivevehicles and outboard
engines exceeding
111.9 kW.(150 horsepower)To prevent the use
of these articles in
smuggling
activitiesCustoms and
Excise DepartmentWithin 14 working
daysNo fee Six months
Non-transferable
Optical disc masteringand replicationequipmentTo enforce
intellectualproperty rightsCustoms and
Excise DepartmentWithin two working
daysNo fee Six months
Non-transferable
Table AIII.1 (cont'd)Hong Kong, China WT/TPR/S/109
Page 83
Goods PurposeResponsible
authorityProcessing time Fees Validity
Natural sand in excess
of 100 kg.To protect
HKSAR's beaches
and seabedCivil Engineering
DepartmentWithin two working
daysNo fee Six months
Permits are issued
for a particularvehicle or vessel
which could be
used by differentimporters
Plants, plant pests, andsoilTo establish
quarantine system
to prevent the
spread of plantpestsAgriculture,
Fisheries and
Conservation
DepartmentTwo working days No fee Two months
Non-transferable
Endangered species ofanimals and plantsTo protect
endangered
species and
prevent theirover-exploitationAgriculture,
Fisheries and
Conservation
DepartmentAt least two working
days or more
depending on
complexityFor live animals:
HK$420 (per
species)
For animals/plant parts:
HK$140  (per
species)Six months
Non-transferable
Live animals To protect public
and animal healthAgriculture,
Fisheries and
ConservationDepartmentAt least five working
daysFees:  HK$78 to
HK$1,055eThree months
Permits for
regular importersof food animals
into HKSAR
from mainlandChina are valid
for six months
The validity ofimport permits
may be extended
for a month uponapplication at afee of HK$140
WastefTo ensure the
legitimacy of
waste trade andstop any illegalshipmentEnvironmental
Protection
DepartmentAt least 90 days before
shipmentSingle shipment:
HK$11,595
Multipleshipment:
HK$18,430
A deposit, bondor financial
guarantee is
required;  this isdetermined on a
case-by-case
basisOne year
(multiple
shipment permit)Non-transferable
Frozen or chilled meatand poultryPublic health and
food safetyFood and
EnvironmentalHygieneDepartmentOne working day No fee
Licence forms:HK$26 per pad
(containing
20 sets)Six weeks
Non-transferable
a Traders registered in the Textiles Trader Registration Scheme, need to submit a notification, in lieu of licences.
bT h e  Special Import Licence (Textiles) Form covers imports of piece-knitted garments made from Hong Kong origin, knit-to-shape
panels assembled outside Hong Kong for eventual exportation to the United  States.
c Strategic commodities include certain arms and ammunitions, explosives, nuclear materials, facilities and equipment, high-spee d
digital computers, memory devices made from compound semiconductors,  sophisticated communication system and radio
transmitting equipment, encryption equipment for information security, chemical weapon precursors and manufacturing facilities,certain biological agents, plant pathogens and related manufacturing equipment, and facilities and articles for a use relating to
nuclear, chemical or biological weapons.
d Dutiable commodities are tobacco, liquors, methyl alcohol, and hydrocarbon oil.e For a detailed list, see AFCD online information.  Available at:  http://www.afcd.gov.hk/quarantine/lsk/import/spfee.pdf.
f A permit (from EPD) is required for import of any waste, unless the waste is specified in Schedule 6 of the Waste Disposal
Ordinance;  it is uncontaminated;  and is intended for recycling or reuse.
Source: WTO document G/LIC/N/3/HKG/5, 2 November 2001.WT/TPR/S/109 Trade Policy Review
Page 84
Table AIII.2
Standards and/or technical regulations applied in Hong Kong, China, April 2002
Ordinance/Regulation Summary of the legislation Changes since 1 January 1999
Environment protection
Air Pollution Control Ordinance
(Chapter 311)To provide for the control of air pollution
from stationary sources and motor vehicles.Nil
Import into Hong Kong, China of any
quantity of asbestos known as amosite orcrocidolite or any substance or item made
with or containing amosite or crocidolite is
prohibited, except if the substances form anintegral part of the structure of fittings of a
ship brought into Hong Kong, China for
repair or breaking up.
Air Pollution Control (Fuel Restriction)
Regulations (Chapter 311J)To prohibit the use of high sulphur content
solid and liquid fuel (sulphur content shall
not exceed 1% by weight for conventional
solid fuels and 0.5% by weight forconventional liquid fuels) for commercial
and industrial appliances and require the use
of gaseous fuel in certain areas of the
territory.Nil
Air Pollution Control (Vehicle Design
Standards) (Emissions) Regulations
(Chapter 311J)To set out the emission standards for
vehicles.  Newly registered vehicles shall
comply with the latest EU or the equivalent
U.S. and Japanese emission standards.The emission standards were raised fornewly registered taxis and certain classes
of light goods vehicles to Euro II or theequivalent emission standards from
1 July 1999, and the emission standards
for motor bicycles and tricycles wereincluded into the legislation as from
1 October 1999.
The emission standards were raised for
(a) newly registered petrol private cars andcertain classes of light goods vehicles to
Euro III and the equivalent emission
standards;  and (b) for newly registered
diesel private cars to the latest Californian
emission requirements from
1 January 2001.
The emission standards for taxis run on
liquefied petroleum gas (LPG) were
included and the registration of diesel
taxis was banned.
The emission standards were raised for
newly registered heavy diesel vehicles
(including buses) to Euro III and theequivalent emission standards from
1 October 2001, and for certain classes of
newly registered light vehicles from
1 January 2002.
Air Pollution Control (Motor VehicleFuel) Regulation (Chapter 311L)To set out the specifications of motor
vehicle fuel to be used in motor vehicles and
prohibit the sale of leaded petrol.  Thespecifications are determined in accordance
with relevant ISO/EN/ASTM
a standards or
Institute of Petroleum.The sale of leaded petrol and lead-
containing fuel additives was banned from
1 April 1999.
The benzene limit in petrol was tightened
to not more than 1% by volume from
1 April 2000.
The specifications of petrol and motor
diesel were raised to support theintroduction of Euro III vehicle emission
standards from 1 January 2001.
Table AIII.2 (cont'd)Hong Kong, China WT/TPR/S/109
Page 85
Ordinance/Regulation Summary of the legislation Changes since 1 January 1999
Air Pollution Control (Dry-Cleaning
Machines) (Vapour Recovery) Regulation
(Chapter 311T)To control the emission of
perchloroethylene (PCE) from the dry-cleaning industry through the imposition of
PCE emission standard on new and existing
dry-cleaning machines.This is a new regulation enacted in 2001.
Specifically, the concentration of PCE
inside the drum of dry-cleaning machines
should not exceed 300 ppmv.
Noise Control (Air Compressors)
Regulations (Chapter 400C)To stipulate noise emission standards for
certain portable air compressors.Nil
Compliance with standards set out in
Council Directive No. 84/533/EEC of the
European Communities.
Noise Control (Hand Held Percussive
Breakers) Regulations (Chapter 400D)To stipulate noise emission standards for
certain hand-held percussive breakers.Nil
Compliance with standards set out in
Council Directive No. 84/537/EEC of the
European Communities or similar standards
is required.
Noise Control (Motor Vehicles)Regulation (Chapter 400I)To stipulate noise emission standards for
motor vehicles including motorcycles.
These are equivalent to those required in
Japan and the European UnionThe noise emission standards for motor
vehicles including motorcycles were
tightened on 1 June 2002 to align with thelatest noise standards adopted in the
European Union and Japan.
Food
To regulate the standards of food to ensure
that food available for human consumption
is wholesome, safe, and properly labelled.The permitted list of artificial sweeteners
under the Food Adulteration (ArtificialSweeteners) Regulations was amended on
29 November 1999 to align it with Codex
standard.
The scope of prohibition in respect of sale
of food containing certain chemicals in
excessive concentrations and certain
prohibited substances under the Harmful
Substances in Food Regulations was
amended on 31 December 2001 to bring itin line with Codex standards for veterinary
drugs residues in food.Public Health and Municipal Services
Ordinance (Chapter 132) and itssubsidiary legislations
(a) Colouring Matter in Food 
Regulations (Chapter 132H)
(b) Food Adulteration (Artificial 
Sweeteners) Regulations
(Chapter 132U)
(c) Food Adulteration (Metallic 
Contamination) Regulations 
(Chapter 132V)
(d) Food and Drugs (Composition and 
Labelling) Regulations(Chapter 132H)
(e) Frozen Confections Regulation 
(Chapter 132AC)
(f) Harmful Substances in Food 
Regulations (Chapter 132AF)
(g) Milk Regulation (Chapter 132AQ)(h) Mineral Oils in Food Regulations 
(Chapter 132AR)
(i) Preservatives in Food Regulations 
(Chapter 132BD)
(j) Imported Game, Meat and Poultry 
Regulations (Chapter 132AK)
Motor vehicles
Road Traffic (Construction andMaintenance of Vehicles) Regulations
(Chapter 374-A)To set out control of vehicle construction
and maintenance.A few regulations mainly related to wheel
guards and emission standards have been
updated to align with the European Union
and/or Japanese standards.
Table AIII.2 (cont'd)WT/TPR/S/109 Trade Policy Review
Page 86
Ordinance/Regulation Summary of the legislation Changes since 1 January 1999
Road Traffic (Safety Equipment)
Regulations (Chapter 374F)To permit or require the provision or use of
specified safety equipment (including seatbelts, anchorage point, seats with integral
seat belt anchorage, and protection helmets
in compliance with specified overseasstandards/design rules) by persons driving,
riding in or on, or using, any class of vehicle
and controlling the sale, hire or possession
of such equipment.Nil
Construction
Building Ordinance (Chapter 123) and its
subsidiary legislationTo provide for the planning, design, and
construction of buildings and associatedworks;  and to make provision for rendering
dangerous buildings and land safe.
The drafting of codes of practice and design
manuals has been made with reference to
available international requirements.Code of Practice for Site Safety
Supervision was updated in 2000.
Product safety
Toys and Children's Products Safety
Ordinance (Chapter 424)To prescribe the requirement for toys and
children's products to comply with the
applicable safety standards:  EuropeanStandards EN 71, ASTM F963, and
International Voluntary Toy Safety
Standard.The Schedule to the Ordinance was
amended on 1 January 1999 with the
adoption of the revised versions of three
of the prescribed safety standards.
Consumer Goods Safety Ordinance(Chapter 456)To stipulate that consumer goods shall
comply with the general safety requirement.Nil
Fire Service (Installation & Equipment)
Regulations (Chapter 95B)To require testing of portable firefighting
equipment e.g. fire extinguisher, fire blanket
in accordance with a set of recognizedinternational or overseas standards and
approval by Fire Services Department
before putting in use Hong Kong, China.Nil
Electricity Ordinance (Chapter 406) and
its subsidiary legislationsTo prescribe safety requirements of all
electrical products designed for household
use and issue certificates of safetycompliance.
Under the Electrical Products (Safety)Regulation (Chapter 406G) enacted in
May 1998 to replace a previous regulation,all electrical products designed for
household use and supplied in Hong Kong,
China shall comply with both essential andspecific safety requirements and shall be
issued with certificates of safety
compliance.  The safety requirements arebased on the relevant international or
overseas standards relevant for the purpose
of the regulation.
Concerning the safety standards, IEC
standards as well as relevant
international/national standards that comply
with the prescribed safety requirements of
the EPSR are acceptable.Starting from 2000, it is an offence for a
person to supply an electrical product
unless a certificate of safety compliance
has been issued in respect of the product;
and the product conforms to the specified
safety requirements.
The regulation accepts only the test
reports or certification issued by specified
certification bodies, which possess the
capabilities and resources to test andcertify the safety aspects of a specified
class of electrical products for the purpose
of the regulation, as proof of conformity.
Lifts and Escalators (Safety) Ordinance
(Chapter 327)To ensure the safety of new brands/models
of lift or escalator, written approval of the
Director of Electrical and Mechanical
Services is required before installation.Nil
Table AIII.2 (cont'd)Hong Kong, China WT/TPR/S/109
Page 87
Ordinance/Regulation Summary of the legislation Changes since 1 January 1999
Builders' Lifts and Tower Working
Platforms (Safety) Ordinance
(Chapter 470)To ensure the safety of new brand/model of
builders' lift or tower working platform,written approval of the Director of Electrical
and Mechanical Services is required before
installation.Nil
Telecommunications
Telecommunications Ordinance
(Chapter 106) and its subsidiary
regulationsTo make better provision for the licensing
and control of telecommunications,
telecommunications services, andtelecommunications apparatus and
equipment.
Technical telecommunications regulations
in the form of Hong KongTelecommunications Authority (HKTA)
specifications and regulations/exemption
orders have been stipulated for the purposeof licensing and control of
telecommunications, telecommunication
services, and telecommunication apparatusand equipment.  The specifications adopted
are identical to or essentially in line with
international standards.The Ordinance was amended in 2000 to
empower Hong Kong
Telecommunications Authority toprescribe standards of telecommunications
equipment and networks.
Dangerous goods
Dangerous Goods Ordinance (Chapter295) and its subsidiary legislationTo prescribe rules on classification,
labelling, packing, and storage of dangerous
goods.To align local rules with international
standards in respect of the classification,
labelling, packing, and conveyance of
dangerous goods, the Fire ServicesDepartment is taking steps to amend the
relevant legislation.  The Dangerous
Goods Ordinance was revised in March
2002; amendments to its subsidiary
legislation will be made in due course.
a International Organisation of Standardisation;  European Standards;  and ASTM International.
Source: Information provided by the Hong Kong, China authorities.WT/TPR/S/109 Trade Policy Review
Page 88
Table AIV.1
Assistance to agriculture and fisheries
Programme ObjectiveTerms of the loan (interest rate,
maturity, amount, etc.)
Emergency Relief Fund The Fund is intended to provide prompt assistance to
persons (including farmers, fishermen and other
citizens) who are in need of relief as a result of anatural disaster such as tempest, typhoon, rainstorm,
landslide, and flooding.
Grants are made available to fishermen for repair or
replacement of fishing vessels and fishing gear
damaged for loss as a result of natural disaster, fire,boat capsize, shipwreck or explosion.  Grants are
available to applicants who are found to have suffered
a loss to an extent that merits assistance.Money is granted to victims of
natural disasters as ex-gratia
payment rather than loan.
During 2001/02, grants totalling
HK$3,402,465 and HK$1,067,050were released to farmers and
fishermen, respectively.
Kadoorie Agricultural Aid Loan Fund Loans are granted to individual farmers, pond-fish
operators and mariculturists for development and
working capital.During 2001/02, 121 loans totalling
to HK$9,035,000 were issued.a
Agriculture
Vegetable Marketing Organization
Loan FundLoans are granted to crop farmers for agricultural
production and development.During 2001/02, 80 loans totalling
HK$3,457,000 were issued.a
J.E. Joseph Trust Fund Loans are granted to farmers' cooperative societies
and individual farmers for use either as development
or working capital.During 2001/02, a total amount of
HK$5,050,000 (five loans to five
cooperative societies and 46 loans
to individual farmers) were
granted.a
Fisheries
Fisheries Development Loan Fund For building modern fishing vessels to fish in distant
waters, for repairing / improving existing vessels, or
for the purchase of new vessels.During 2001/02, 8 loans totalling
HK$24,786,306 were granted.  Theinterest rate is fixed at 6% per
annum.
Fish Marketing Organization Loan
FundFor the repair, replacement or provision of fishing
vessels, gear and equipment, including engines andnavigational and electronic aids;  and any other
approved productive purpose (e.g. modification of a
fishing vessel such as changing from trawling to long
lining, which would improve the applicant's fishing
business.During 2001/02, 55 loans totalling
HK$7,917,000 were granted.b
World Refuge Year Loan Fund Loans may be granted to registered fishermen's co-
operative societies or their members for any project
deemed to be of social or economic benefit, either
to the society or individual members of the society.During 2001/02, a total of three
loans totalling HK$900,000 were
issued.b
Co-operative for American Relief
Everywhere Loan Fund (CARELF)For the repair, replacement or provision of fishing
vessels, gear and equipment, including engines and
navigational and electronic aids;  any other approved
productive purpose (e.g. modification of fishingvessels) which will maintain or improve the
applicant's fishing business.During 2001/02, no loans were
issued under CARELF.b
a Interest rates applicable to Kadoorie Agricultural Aid Loan Fund, J.E. Joseph Trust Fund, and Vegetable Marketing Organization
Loan Fund as at 31 March, 2002:  0.09375% for a loan of less than HK$100,000 for development capital;  0.125% for a loan ofless than HK$100,000 for working capital;  2.625% for a loan over HK$100,000 and less than HK$160,000;  5.125% for a loan
of HK$160,000 and above;  and 0.0625% for a corporate loan.
b Interest rates applicable to Fish Marketing Organization Loan Fund, World Refuge Year Loan Fund and Co-operative for
American Relief Everywhere Loan Fund as at 31 March, 2002 were 2.875% for individual fisherman and 1.375% for registered
cooperative societies and their members.
Source: Agriculture, Fisheries and Conservation Department [Online].  Available at:  http://www.afcd.gov.hk/web/text/
web/english/public_info/businese_info/loan/index.htm [4 July 2002].
__________