SECRET
2. COMMUNIST INVESTMENT IN COMMERCIAL ORGANISATIONS IN HONG KONG
HAS INCREASED. A CPA-OWNED INVESTMENT COMPANY KIU KWONG INVENDENT
CORPORATION, INCORPORATED IN HONG KONG, IN A JOINT VENTURE WITH A LOCAL DEVELOPMENT COMPANY HAS BEEN GRANTED A CONTRACT TO DEVELOP
A MAJOR RESIDENTIAL/COMMERCIAL COMPLEX ABOVE THE MASS TRANSIT RAILWAY (MTR) DEPOT AT TSUEN WAN AND IS CURRENTLY INTERESTED IN ACQUIRING A LARGE BLOCK OF THE OFFICE ACCOMMODATION TO BE BUILT ABOVE THE MASS TRANSIT ADMIRALTY STATION. THE BANK OF CHINA HAS
LET IT BE KNOWN THROUGH KIU KWONG INVESTMENTS THAT IT IS PREPARED TO OFFER LOAN OR OVERDRAFT FACILITIES TO THE M.T.R. THIS IS THE FIRST TIME THE BANK HAS OFFERED LOAN FACILITIES TO A GOVERNMENT
SPONSORED BODY.
3. FOLLOWING A VISIT TO CANTON BY THE GENERAL MANAGER OF THE
HONG KONG AND YAUMATEI FERRY COMPANY TO DEMONSTRATE ONE OF THE
COMPANY'S FERRIES TO CHINESE OFFICIALS INCLUDING LIAO CH'ENG-CHIH (DIRECTOR OF THE STATE COUNCIL'S OFFICE OF OVERSEAS CHINESE AFFAIRS) THE CHINESE ARE REPORTED TO BE INTERESTED IN PURCHASING
HOVERCRAFT TO BE MANUFACTURED IN HONG KONG UNDER LICENCE FROM
HOVER MARINE. THE HONG KONG YAUMATE! FERRY COMPANY ALSO OBTAINED
AGREEMENT IN PRINCIPLE FROM THE CHINESE TO THEIR STARTING A
SERVICE BETWEEN HONG KONG AND CANTON,
4. THE EXHIBITION OF ARCHEOLOGICAL FINDS OF THE PEOPLE'S REPUBLIC
OF CHINA CLOSED ON 11TH JUNE HAVING RECORDED A TOTAL ATTENDANCE
OF SOME 260,000 PEOPLE (PARAGRAPH 9 OF THE ASSESSMENT FOR APRIL
REFERS). ALTHOUGH A FINANCIAL LOSS WAS INCURRED, WHICH WAS BORNE BY THE BANK OF CHINA, THE COMMUNIST ORGANISERS HAVE JUDGED THE EXHIBITION A CONSIDERABLE SUCCESS IN TERMS OF UNITED FRONT
PROPAGANDA.
5. A NUMBER OF HONG KONG RESIDENTS, INCLUDING TWO SENIOR CHINESE
COMMUNIST OFFICIALS IN EDUCATION CIRCLES, UNITED FRONT ACTIVISTS
AND MEMBERS OF THE MEDICAL AND TEACHING PROFESSIONS HAVE BEEN
NOMINATED AS MEMBERS OF THE BOARD OF DIRECTORS OF CHI NAN UNIVERSITY, CANTON, WHICH REOPENED ON 8TH JUNE. THE UNIVERSITY
WILL CATER FOR OVERSEAS CHINESE STUDENTS AND COMPATRIOTS"!
FROM HONG KONG AND MACAU.
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6. THE COMMUNIST