WEDNESDAY, AUGUST 17, 1977
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THE TWO SUB-COMMITTEES WILL MEET SHORTLY TO FORMULATE PLANS AND REPORT TO THE MAIN COMMITTEE IN DUE COURSE.
OUTLINING THE BACKGROUND TO THE FUND RAISING DRIVE, MR. AKERS- JONES SAID TODAY THE QUEEN'S SILVER JUBILEE PROVIDED AN OPPORTUNITY FOR BUILDING SOMETHING OF PERMANENT VALUE FOR THE YOUNG PEOPLE OF HONG KONG AND FOR ALL FUTURE GENERATIONS.
+THAT IS WHY IT HAS BEEN DECIDED TO BUILD THE SILVER JUBILEE SPORTS CENTRE AND WE ARE LUCKY BECAUSE IT WILL BE IN THE NEW TERRITORIES, HE SAID.
FOR THIS PROJECT THE ROYAL HONG KONG JOCKEY CLUB HAS DONATED 41 ACRES OF LAND RECLAIMED AT A COST OF $25 MILLION ADJACENT TO THE SHA TIN RACE COURSE, WHILE THE GOVERNMENT WILL PROVIDE ANOTHER $25 MILLION FOR BUILDING WORKS.
+HOWEVER, $25 MILLION WILL NOT BE ENOUGH FOR ALL THE FACILITIES WE WILL NEED IN THE SPORTS CENTRE. MORE MONEY IS NEEDED.
+I UNDERSTAND THAT THE JOCKEY CLUB WILL MEET DOLLAR TO DOLLAR THE SUM OF MONEY THAT IS RAISED.
+THE SILVER JUBILEE SPORTS CENTRE IS AN IMPORTANT PROJECT FOR ALL YOUNG PEOPLE, AND I AM SURE PEOPLE IN HONG KONG, PARTICULARLY THOSE IN THE NEW TERRITORIES, WILL GIVE THEIR FULLEST SUPPORT TO THIS WORTHWHILE PROJECT,+ HE SAID.
REPORT ON QUARTERLY BUSINESS SURVEY
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THE CENSUS AND STATISTICS DEPARTMENT HAS COMPILED A REPORT ON A QUARTERLY BUSINESS SURVEY HELD IN JULY 1977 - THE SECOND OF A SERIES OF QUARTERLY SURVEYS FIRST IMPLEMENTED IN APRIL 1977.
A DEPARTMENT SPOKESMAN CAUTIONED THAT IN A SURVEY OF THIS NATURE, CONSIDERABLE RESERVATIONS MUST BE MADE IN THE INTERPRETATION OF RESULTS, AS IT HAD YET TO BE ESTABLISHED FIRMLY THE EXTENT TO WHICH THE RESPONDENTS' PERCEPTION OF THE PAST AND THE FUTURE ACCORDS WITH THE UNDERLYING TRENDS.
ABOUT 620 FIRMS FROM VARIOUS TYPES OF ECONOMIC ACTIVITY, FORMING A CROSS-SECTION OF THE ECONOMIC COMMUNITY, WERE ASKED ABOUT THE IR BUSINESS EXPERIENCE IN THE SECOND QUARTER OF THIS YEAR, AND THE IR BUSINESS EXPECTATIONS FOR THE THIRD QUARTER OF THE YEAR.
THE RESULTS SHOW A WIDE VARIATION IN RESPECT OF LIKELY PERFORMANCE DURING THE THIRD QUARTER OF 1977 BETWEEN PARTICULAR INDUSTRIES AND INDIVIDUAL FIRMS, THOUGH SOME GROWTH WAS LIKELY FOR THE ECONOMY AS A WHOLE.
/THE TEXTILE .****