THURSDAY, JANUARY 27, 1977.

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SIR PETER MEETS LEADING HK BUSINESSMEN AND INDUSTRIAL ISTS

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THE PERMANENT SECRETARY OF BRITAIN'S DEPARTMENT OF INDUSTRY, SIR PETER CAREY, TODAY HELD DISCUSSIONS WITH A REPRESENTATIVE GROUP OF HONG KONG INDUSTRIALISTS AND BUSINESSMEN AND WOMEN.

THE MEETING, CHAIRED BY THE DIRECTOR OF COMMERCE AND INDUSTRY, MR. DAVID JORDAN, WAS HELD IN THE C AND DEPARTMENT. MEMBERS OF BOTH THE TEXTILES AND THE TRADE AND INDUSTRY ADVISORY BOARDS ATTENDED.

THE TWO-HOUR DISCUSSION, DESCRIBED BY SIR PETER AS CONSTRUCTIVE AND FRANK, FOCUSED MAINLY ON TRADE RELATIONS BETWEEN THE UNITED KINGDOM AND HONG KONG. VIEWS WERE EXCHANGED ON BOTH PROBLEMS AND OPPORTUNITIES FOR EXPANSION.

SUBJECTS INCLUDED PRESENT AND FUTURE TEXTILE ARRANGEMENTS, IMPROVED SALES PROSPECTS IN HONG KONG FOR U.K. MANUFACTURERS, BALANCE OF TRADE- THE VISIBLE AS WELL AS THE INVISIBLE ASPECT OF IT AND THE POSSIBILITY FOR A MACHINERY+ WITHIN THE DEPARTMENT OF INDUSTRY FOR EXCHANGING INFORMATION AND IDEAS ON FURTHERING TWO-WAY TRADE AND INVESTMENT.

SIR PETER IS ON A BRIEF OFFICIAL VISIT TO HONG KONG, AND MUCH OF HIS TIME WILL BE SPENT ON DISCUSSIONS WITH GOVERNMENT OFFICIALS, LOCAL INDUSTRIALISTS AND BUSINESSMEN, HE WILL ALSO BE VISITING SOME OF HONG KONG'S FACTORIES, AND WAS ACCOMPANIED ON ONE SUCH VISIT THIS AFTERNOON BY THE DEPUTY DIRECTOR OF COMMERCE AND INDUSTRY, MR. ROY PORTER.

EXPLANATORY PAMPHLET ON 1977-78 RATES ******

THE COMMISSIONER OF RATING AND VALUATION HAS ISSUED A SIMPLE PAMPHLET EXPLAINING GENERALLY RATES AND RATEABLE VALUES.

THE PAMPHLET ALSO GIVES DETAILS OF WHAT THE LIKELY RATES PAYMENTS WOULD BE SHOULD LEGISLATIVE COUNCIL DETERMINE THE RATE PERCENTAGES FOR THE FINANCIAL YEAR 1977-78 AS PROPOSED BY THE FINANCIAL SECRETARY AND THE URBAN COUNCIL.

IT ALSO SETS OUT THE PROCEDURE TO BE FOLLOWED IN OBJECTING TO RATEABLE VALUES.

COPIES OF THE PAMPHLET, PRODUCED BOTH IN CHINESE AND ENGLISH ARE OBTAINABLE FREE OF CHARGE FROM THE RATING AND VALUATION DEPARTMENT, CITY DISTRICT OFFICES AND DISTRICT OFFICES IN THE NEW TERRITORIES.

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