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WEDNESDAY, OCTOBER 5, 1977
AND, THE STRICTEST CRITERIA SHOULD BE APPLIED, AS THEY HAVE BEEN TO THE POLICY OF SELLING LAND OUTSIDE THE ESTATES ON A RESTRICTED USER BASIS, WHICH ITSELF HAS MADE A CONSIDERABLE CONTRIBUTION TO THE INTRODUCTION OF NEW INDUSTRY, SIR MURRAY CONCLUDED.
ADVISORY COMMITTEE ON DIVERS IF ICATION PROPOSED
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THE GOVERNOR, SIR MURRAY MACLEHOSE, TODAY PROPOSED TO SET UP AN ADVISORY COMMITTEE ON DIVERSIFICATION OF INDUSTRY IN VIEW OF THE IMPORTANCE OF THE ISSUE.
SPEAKING IN THE LEGISLATIVE COUNCIL TODAY, SIR MURRAY SAID THAT THE COMMITTEE, SIMILAR TO THE SPECIAL COMMITTEE ON LAND PRODUCTION, WOULD ADVISE ON WHETHER THERE IS ANYTHING FURTHER THE GOVERNMENT SHOULD DO, OR ANY CHANGE IN CURRENT ARRANGEMENTS - INCLUDING FINANCIAL ONES THAT SHOULD BE MADE TO FACILITATE THE FURTHER DIVERSIFICATION OF INDUSTRY.
THE PROPOSED COMMITTEE, WITH STRONG UNOFFICIAL PARTICIPATION, WILL BE UNDER THE CHAIRMANSHIP OF THE FINANCIAL SECRETARY,
HOWEVER, SIR MURRAY SAID, HE WAS VERY IMPRESSED BY THE SUCCESS OF THE SPECIAL COMMITTEE ON LAND PRODUCTION IN EVOLVING CLEAR NEW THINKING ABOUT AN OLD AND WELL KNOWN PROBLEM.
IN ADDITION TO LAND PRODUCTION, SIR MURRAY SAID THE GOVERNMENT, THE TRADE DEVELOPMENT COUNCIL AND THE HONG KONG GENERAL CHAMBER OF COMMERCE WERE COLLABORATING TO PROMOTE THE INTRODUCTION INTO HONG KONG OF NEW TYPES OF INDUSTRY FROM OVERSEAS.
+THE RAPID EXPANSION OF SECONDARY EDUCATION THE TECHNICAL INSTITUTES AND POLYTECHNIC, ALL CONTRIBUTE TO ENSURING THAT EXPANSION OF NEW INDUSTRY WILL NOT BE INHIBITED BY LACK OF SUITABLE EDUCATED PERSONNEL, HE SAID.
+ INDEED ONE MIGHT SAY THAT ONE OF THE MANY OBJECTIVES OF THE FISCAL SYSTEM OF HONG KONG IS TO RETAIN AND ATTRACT CAPITAL FROM BOTH LOCAL AND OVERSEAS INVESTORS+.
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