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of overseas and local origin

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now being attracted on to

the Estates, some entailing more than $100 million worth of

investment in new, hi-tech operations. They represent a clear,

strong, vote of confidence in the ability of our workforce

-to absorb-new technologies and skills. Additionally the

br. Estates have succeeded in attracting a number of companies

which produce the sort of precision components, parts and

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small mechanisms that our main-line manufacturers need for

the assembly of high quality products. These investors

represent a growing force in our supporting and linkage

industries and it is perhaps significant that, out of

541 foreign companies surveyed for their activities in

per cent 1986, no fewer than 42 expressed satisfaction over the

improving quality of these vital industries. The aim of the Corporation, Sir, is to promote the quality of Hong

Kong's industrial base. In this respect the states

have already proved their worth and, I believe, in the

years ahead will be of immense support and importance

to our industrial developments.

I would like to close by thanking the

members of the forporation Board for their support and

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for their untiring efforts in promoting the Estates both

the staff of the forporation and of the Industry Department

in Hong Kong and abroad, thus ensuring such excellent

results and bright prospects for the future.

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