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FRIDAY, NOVEMBER 14, 1975
ACTING GOVERNOR OPENS OUTBOARD MARINE ENGINE PLANT
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THE ACTING GOVERNOR, SIR DENYS ROBERTS, SAID TODAY THAT HONG KONG PROVIDES CONDITIONS WHICH OFFER VÉRY ATTRACTIVE TERMS TO INVESTORS AND ENABLE THEM TO MANAGE INDUSTRIES WHICH REMAIN COMPETITIVE AND VIABLE IN ALL CONDITIONS.
SIR DENYS, WHO WAS OPENING THE NEW OUTBOARD MARINE CUE.ORATION FACTORY ON TSING YI ISLAND, SAID THAT IN PARTICULAR THE GOVERNMENT IS DETERMINED TO MAINTAIN HONG KONG'S LOW TAX ST CTURE AND ITS FREE PORT BENEFITS.
+WE WILL CONTINUE TO ALLOW FUNDS TO BE IMPORTED AND REMITTED FREELY. AND WE WILL CONTINUE TO WELCOME ENTERPRISING MEN FROM OVERSEAS WHO WISH TO ESTABLISH WHOLLY-OWNED SUBSIDIARIES, JOINT VENTURES OR LOCALLY CONTROLLED CORPORATIONS+.
AT THE SAME TIME, HE SAID, THE GOVERNMENT WOULD CONTINUE TO DEVELOP TECHNICAL EDUCATION, INDUSTRIAL TRAINING, AND THE OTHER SERVICES ON WHICH INDUSTRY ŘELIES IF IT IS TO IMPROVE ITS PRODUCTIVITY AND PERFORMANCE.
CHANGES WHICH ARE MADE TO INDUSTRIAL POLICIES WILL BE AIMED AT ASSISTING INDUSTRY AND NOT AT RESTRICTING IT.
SIR DENYS SAID HONG KONG'S ECONOMY RESTS HEAVILY ON MANUFACTURING INDUSTRY AND IT IS THE GOVERNMENT'S DECLARED AIM TO MAINTAIN CONDITIONS WHICH WILL FOSTER ITS GROWTH AND SUCCESS.
+WE MUST GIVE INDUSTRY CONFIDENCE THAT THE GOVERNMENT'S POLICIES WILL NOT BE LIGHTLY ALTERED AND ABOVE ALL THAT WE SHALL CONTINUE TO ENCOURAGE THE MAKING OF PROFITS.
+OUR ECONOMY IS BUILT UPON THEM, OUR REVENUE RELIES HEAVILY ON THEM AND WITHOUT THEM, WE COULD NOT FINANCE THE EXTENSIVE SOCIAL PROGRAMMES WHICH ARE SO ESSENTIAL TO OUR FUTURE,+ HE SAID.
THE MAKING OF PROFITS, SIR DENYS ADDED, WAS BEST ACHIEVED BY LEAVING BUSINESS TO BUSINESSMEN AND BY IMPOSING THE MINIMUM OF INTERFERENCE WITH FREE COMPETITION.
THE NEW OUTBOARD MARINE CORPORATION FACTORY ON TSING YI IS THE FIRST PLANT WHICH THE COMPANY AS ESTABLISHED OUTSIDE THE UNITED STATES, EUROPE AND AUSTRALIA AND THE FIRST LARGE PLANT OUTSIDE THE UNITED STATES ITSELF.
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