CONFIDENTIAL ##
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* (10)
Oil Exploration in the South China Sea
(11)
Industrial investment promoticz
*(12)
Exhibition Centra
To consider the possible role of Hong Kong as 2 support hase.
To expan industrial investment promotion.
To launch Stage II of the consul- tancv (design of the Centre on a site at "anchai Peclamation).
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The Oil Support Advisory Committee (OFAC) at its meeting on 16 April 1992 concluded that, in view of the latest developments in China, the proposal to use Penny's Pay as a sunpert base be shelved. However, current design work on the reclamation and the processing of statutory chjections by a shinvard using Penny's Ray, are to be completed.
"he Industrial Investment Promotion Office in Tokve was officially opened on 5 March 1092 In April, an Industrial Promotion Project officer was posted to the Fong Yong Govern- ment Office in Londen.
ExCo advised in "arch that the terme of reference of the Stage II Consultancy should be amended to cover the "anchai Declamation site. Potential consul- tarts have been short- listed.
OSAC's advice to be put to FxCo in May. osac is also to keep in view new developments.
in
wo other industrial promotion offices will be set up, San Francisco and Stuttgart, in the
next quarter.
Appoint consultant.
GF 323
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CONFIDENTIAL #2
CONFIDENTIAL #