The First Six Years 1963-69

in 1968 and published in November 1969 ， is a detailed study not only o f the principal agricultural commodities consumed by Hong Kong's industry and people, but also o f the economy as a whole taken both as an entity and by sectors. I t is a record o f Hong Kong's economic history since World War I I ， documented by both avail able and independently estimated socio-economic time series ， as well as an analysis o f its enviable experience in growth and develop ment. I t also affords a systematic look at the future. The work ， though technical in parts, is one that should have a broad appeal to all who are interested in the economic development o f Hong Kong and Southeast Asia. I t is hoped that this study w ill stimulate continuing in te r national cooperation to the benefit o f the economics faculty in general and the researchers who participated in the project in particular. Besides undertaking outside research projects ， the Economic Research Centre also facilitates the research o f ind ividua l scholars and graduate students at the University. Together w ith the L ing - nan Institute o f Business Administration, i t has established a jo in t research library w ith emphasis on the collection o f leading learned journals on economics and business administration extending back to 1950 or earlier ， and o f advanced reference works and research materials relevant to Hong Kong and the neighbouring countries. Among the projects undertaken by ind ividua l faculty members and overseas scholars are studies on various aspects o f the econo mies o f Hong Kong ， Ma in land China, the Far East ， as well as theoretical and applied economics. Two monographs w ill soon be ready for publication, namely: ( i) The United StatesBalance o f Payments, 1946- 1968; and (2) China ， s Grain: Output ， Procurement ， Transfers and Trade. Special studies on the Hong Kong textile industry are being initiated. These w ill entail cost, productivity, efficiency and de mand analyses. Each industrial establishment w ill be analysed department by department and process by process over a definite period o f time. Mass Communi cat ions Centre The Mass Communications Centre ， established in June 1965 w ith a grant from The Asia Foundation, works closely w ith the undergraduate professional Department o f Journalism which was set up in September o f the same year. The Director o f the Centre serves concurrently as V isiting Professor o fJournalism. The efforts o f the Centre and Department are directed toward raising the standard o f journalism, in ethics ， journalistic proficiency ， and in general cultural levels and language usage which are essential to 41