STOP PRESS
Hong Kong into the '80s Industrial Investment
Tax Cuts
The corporation profits
tax cut by half a percentage point to 16.5 per cent.
A new scale of higher depreciation allowances introduced to encourage manufacturers and others to re-equip and upgrade their plant and machinery, and the initial allowance increased from 25 to 35 per cent.
Employment Ordinance Amended
The Employment Ordinance
applied to non-manual workers earning not more than HK$6 000 (US$ 1 200) a month.
Lease premium of the Industrial Estates
The lease premium for a
period of fifteen years increased from HK$700 (US$140) to HK$825 (US$165) per square metre.
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