Tuesday, December 11, 1973
He revealed that consideration was being given to selling additional
land, by private treaty, to the Outboard Marine Corporation which purchased
the first restrictive user site on Tsing Yi by public tender in April this
year. The company has applied for an extension of the original site in
order to double its estimated production and to treble the value added by
virtue of the engineering work done in Hong Kong.
The Governor also announced that a third major project was being
planned for a plant to produce polyester filament and fibre for Hong Kong's
textile industry.
"A site has already been identified in the Castle Peak area and
discussions are being held with the applicants about the feasibility of the
project on this site. This is distinctly hopeful," he said.
Sir Murray emphasised that unless advance preparation of suitable
land was mado, "many useful land intensive industries will be lost to Hong
Kong."
To meet these needs, a working party has been identifying areas in
the New Territories suitable for development as industrial estates, and he
hoped that an amouncement could be made in early summer about areas which
could be made available.
"Similarly, the Junk Bay area, originally developed as a ship-
breaking area is being re-examined to see whether a more economic usage
could be permitted for the relatively large tracts of idle land in the area,
It
he added.
He emphasised