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Thursday, March 16, 1972
THE HON. T.K. ANN URGES INDUSTRY SURVEY
On Both Technical And Marketing Aspects
The Hon. T.K. Ann urged today that a survey be carried out into the
prospects of Hong Kong's existing manufacturing industries and of setting
up new ones.
Speaking in the resumed Budget debate in the Legislative Council,
Mr. Ann said there was an urgent need for such a survey. The world had
changed, he said, and Hong Kong must find new targets and pave new approaches.
He suggested that the survey should cover both technical and
marketing aspects.
It was immaterial whether Government or another agency undertook
the survey, but Government support, in his view, was absolutely vital, for
only Government was financially capable and had the ability for a comprehensive
in-depth survey.
"This survey is important and should be carried out in the coming
year or two in conjunction with a study as to whether industry can sustain
the heavy increases in Crown rents now much in discussion among industrialists,"
he said.
Mr. Ann said industry needed to know the expansion potential of
existing manufacturing industries for both short term and long term development
as well as the probability of unresolvable competition from neighbouring
countries who had developed well in the past decade.
Possible
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