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MONDAY, JUNE 16, 1975
ENCOURAGING SIGNS OF ECONOMIC UPTURN
NOTED IN TUEN MUN
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THERE ARE POSITIVE SIGNS THAT HONG KONG IS RECOVERING FROM THE EFFECTS OF THE WORLD-WIDE ECONOMIC RECESSION, ACCORDING TO THE TUEN MUN DISTRICT OFFICER, MR. DAVID LAN.
ONE INDICATION, HE TOLD NEW TERRITORIES ROTARIANS TODAY, WAS TUEN MUN WHERE +THINGS ARE PICKING UP AT A VERY SATISFACTORY PACE+.
HE SAID FACTORIES THERE HAD RESUMED A THREE-SHIFT OPERATION AND GREATER INTEREST WAS BEING SHOWN IN REAL ESTATE DEVELOPMENT IN THE DISTRICT.
MR. LAN REASSURED PRIVATE DEVELOPERS THAT THE GOVERNMENT WAS FIRMLY DETERMINED TO PROCEED WITH THE TOWN'S FUTURE DEVELOPMENT AND CALLED FOR +ACTIVE PARTICIPATION IN THIS VENTURE BY PRIVATE DEVELOPERS.
WHILE CERTAIN LESS ESSENTIAL PROJECTS, SUCH AS A CULTURAL COMPLEX AND A SWIMMING POOL, HAD TO BE REVIEWED BEFORE PLANS COULD BE IMPLEMENTED, THIS DID NOT MEAN A SLOW DOWN BY ANY MEANS,
HE SAID.
SEVERAL SITES, HE SAID, HAD BEEN RESERVED FOR DISPOSAL BY A PUBLIC TENDER SYSTEM IN ORDER TO ENCOURAGE INDUSTRIALISTS' AND DEVELOPERS WHO WERE KEEN TO BUILD NEW FACTORIES QUICKLY IN TUEN MUN.
IN THIS NEW SCHEME THE LAND TO BE DISPOSED OF WOULD NOT NECESSARILY GO TO THE HIGHEST BIDDER BUT WOULD PROBABLY GO TO . THE DEVELOPER WITH A GENUINE INTEREST TO DEVELOP HIS LAND QUICKLY, SAID MR. LAN.
ROAD CLOSURE
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MOTORISTS ARE ADVISED THAT A SECTION OF ROAD D5 NEAR RIVER CHANNEL IN TUEN MUN NEW TOWN HAS BEEN CLOSED TO ALL TRAFFIC TO ENABLE EMERGENCY ROAD WORKS TO BE CARRIED OUT.
TRAFFIC SIGNS HAVE BEEN POSTED TO GUIDE MOTORISTS.
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