INDUSTRY AND TRADE
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Several other schemes to provide much needed industrial land are either planned or underway. The largest of these involves the filling of Gin Drinker's Bay at Kwai Chung in the New Territories, where development will be carried out alongside the present in- dustrial centre of Tsuen Wan. The ship-breaking industry and its associated steel rolling plants will shortly be re-established in an area set aside for them in Junk Bay. Leases for five sites totalling over 1,700,000 square feet have already been sold by auction to local ship-breaking and steel rolling concerns.
Chamber of Commerce. The Hong Kong General Chamber of Commerce, founded in 1861, is the oldest chamber in the Colony. There are over 900 members representing all sections of trade and industry, and membership is open to persons of all nationalities with business connexions in Hong Kong. The chamber is a member of the International Chamber of Commerce and the Federation of Commonwealth and British Chambers of Commerce. It has taken an increasing interest in international developments affecting the Colony's trade, such as Britain's application to join the Common Market, and in these and other matters works in close co-operation with the Federation of Hong Kong Industries.
The Hong Kong Junior Chamber of Commerce organized the Seventeenth World Congress of the Junior Chamber International which took place in Hong Kong in November. Over 1,000 delegates and their wives came to the Colony. Other active chambers and associations include the Indian Chamber of Commerce and the Exporters' Association.
The Federation of Hong Kong Industries. Unlike the majority of local industrial associations, which cater mainly for individual trades, the Federation cuts across racial and sectional interests and its membership includes all trades, many nationalities, and enter- prises of all sizes. The possible repercussions for the Colony's industry of Britain joining the Common Market have figured largely in the deliberations of the Federation during the year. The chairman and deputy chairman travelled widely in Britain and Europe explaining Hong Kong's position, and the Federation has worked closely with the Hong Kong General Chamber of Commerce in promoting public relations overseas. It was largely the shadow of the Common Market which prompted the Federation to employ the Economist Intelligence Unit in 1961 to make a