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INDUSTRY AND TRADE
Aircraft engineering is another important industry; one large establishment provides maintenance and repair facilities for most airlines using Hong Kong Airport. Facilities are available for complete airframe and engine overhaul, and work has been received from 38 countries as far afield as Australia and Canada. The Colony also manufactures much of its requirements for cement, most of the raw materials being imported.
LAND FOR INDUSTRY
Government land development programmes include the zoning of land for industrial use. Large scale reclamation schemes are being carried out at several places. The most advanced was begun at Kwun Tong in 1955 and by the end of 1964 250 acres had been reclaimed. When completed the scheme will provide 641.3 acres, of which 153.9 acres are designed solely for industrial use, the rest being for commercial and residential use and other services. At the end of the year 197 factories were already operating, em- ploying 25,336 workers or 7 per cent of the industrial work force.
A scheme of equal importance is that at Kwai Chung, near the industrial town of Tsuen Wan, which will ultimately provide 6,130 acres of land, of which 986 acres will be for industrial development.
Resiting of the ship-breaking and steel-rolling industries at Junk Bay began in 1963. Sites totalling 1.7 million square feet are under development.
During 1964 many more small sites for industrial development were auctioned than hitherto. Purchasers of industrial land leases in the development areas of Kwun Tong and Kwai Chung can pay the purchase price by instalments over 20 years, and since 1963 purchasers of industrial land elsewhere can pay in four equal interest-free instalments, spread over two years.
INDUSTRIAL TRAINING AND PRODUCTIVITY
The rapid expansion of industry has created a demand for trained personnel at all levels. At managerial level the Hong Kong Man- agement Association, sponsored in 1960 by the Federation of Hong Kong Industries, provides courses to suit the particular