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PRIDAY, JANUARY 14, 77
H.K. INDUSTRIAL ESTATES CORPORATION BILL
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THE HONG KONG INDUSTRIAL ESTATES CORPORATION BILL 1977. PUBLISHED IN THE GAZETTE TODAY, PROVIDES FOR THE ESTABLISHMENT OF THE HONG KONG INDUSTRIAL ESTATES CORPORATION TO REPLACE THE HONG KONG INDUSTRIAL ESTATES PROVISIONAL AUTHORITY. THE PROVISIONAL AUTHORITY WAS SET UP IN MARCH LAST YEAR TO TAKE OVER FROM THE GOVERNMENT THE ESTABLISHMENT OF INDUSTRIAL ESTATES.
INDUSTRIAL ESTATES ARE BEING DEVELOPED IN RECOGNITION OF THE NEED TO BROADEN HONG KONG'S INDUSTRIAL BASE AND IMPROVE THE TECHNOLOGICAL LEVEL OF INDUSTRY. THEY WILL MAKE SITES AVAILABLE FOR LAND INTENSIVE INDUSTRIAL PROCESSES WHICH CANNOT BE ACCOMMODATED IN ORDINARY MULTI-STOREY INDUSTRIAL BUILDINGS AND WHICH BRING A HIGH LEVEL OF TECHNOLOGY TO HONG KONG.
THESE INDUSTRIAL PROCESSES SHOULD ALSO PROVIDE EMPLOYMENT OPPORTUNITIES AT A HIGHER LEVEL OF SKILL THAN CURRENTLY OBTAINS IN HONG KONG, PRODUCE A PRODUCT NEEDED BY INDUSTRY IN HONG KONG AND PRODUCE FOR SALE PRODUCTS WITH A HIGH ADDED VALUE FROM LOCAL CONTENTS.
THE FIRST ESTATE IS BEING ESTABLISHED ON LAND BEING RECLAIMED FROM THE SEA AT TAI PO. THE FIRST SITES ARE EXPECTED TO BE AVAILABLE LATER THIS YEAR,
THE HONG KONG INDUSTRIAL ESTATES CORPORATION BILL PROVIDES FOR THE CORPORATION TO BE AN AUTONOMOUS BODY UNDER THE CONTROL OF A BOARD TO BE APPOINTED BY THE GOVERNOR COMPRISING UNOFFICIAL MEMBERS AND GOVERNMENT OFFICIALS. THE CORPORATION WILL BE RESPONSIBLE FOR THE PROVISION AND MANAGEMENT OF INDUSTRIAL ESTATES AND THE ALLOCATION OF SITES WITHIN THEM.
THE HONG KONG INDUSTRIAL ESTATES PROVISIONAL AUTHORITY IS ALREADY RECEIVING APPLICATIONS FOR SITES IN THE INDUSTRIAL ESTATE AT TAI PO. ENQUIRIES MAY BE MADE TO THE PROVISIONAL AUTHORITY AT SUITE 1206 GUARDIAN HOUSE, OI KWAN ROAD, HONG KONG.