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Wednesday, June 28, 1972
LOẠN SCHEME FOR SMALL INDUSTRIES
The Loans for Small Industry Scheme, announced in the budget
earlier this year, will come into operation on July 3 for a trial period of
three years.
An Assistant Director of Commerce and Industry, Mr. R. Porter,
said this afternoon that small-scale industry in Hong Kong would benefit
from the introduction of the scheme, which would provide a new source of
loan capital for the purchase of equipment leading ultimately to increased
productivity.
"All manufacturing companies employing less than 200 workers
and in which the proprietors have invested not more than HK$600,000
can take advantage of the Scheme." Mr. Porter said.
"All that a small-scale industrialist need to do is to complete
an application form, available from all licensed banks or the Loans for
Small Industry Branch, and submit it to a bank of his own choice together
with an audited balance sheet and profit and loss account in respect of
his company's previous three years of operation and a cheque for HK$1,000
made payable to the Hong Kong Productivity Centre. The rest will be done
by the Loans for Small Industry Branch in collaboration with the bank and
the Hong Kong Productivity Centre.'
/Loans