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FRIDAY, OCTOBER 28, 1977
MORE INDUSTRIAL LAND FOR TSUEN WAN
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THE GOVERNMENT IS OPENING UP ONE MILLION SQUARE FEET OF NEW LAND NEAR THE SOUTH KWAI CHUNG RECLAMATION FOR LIGHT INDUSTRIAL PURPOSES, THE TSUEN WAN TOWN MANAGER, MR. JAMES HAYES, SAID TODAY.
THE LAND WOULD PROVIDE AN ADDED BOOST TO TSUEN WAN NEW TOWN AS +A MIGHTY INDUSTRIAL CENTRE+, HE INDICATED.
SPEAKING AT THE OPENING OF THE FIRST NEW TERRITORIES BRANCH OF THE BANQUE NATIONAL DE PARIS AT KWA! CHUNG, MR. HAYES PRAISED THE BANK FOR ITS FORESIGHT AND ENTERPRISE IN OPENING UP A BRANCH
IN THE TOWN.
HE SAID THERE WERE ABOUT 1,300 FACTORIES OPERATING IN 110 INDUSTRIAL BUILDINGS IN NORTH AND SOUTH KWAI CHUNG.
+TSUEN WAN IS A MIGHTY INDUSTRIAL CENTRE GROWING AND DIVERSIFYING ALL THE TIME, HE SAID. +I CANNOT THINK OF A MORE SUITABLE PLACE FOR BANKING ACTIVITIES, ESPECIALLY
FOR ONE OFFERING THE TYPE OF INDUSTRIAL DEVELOPMENT AND TRADE PROMOTION SERVICES PROVIDED BY THE BNP.+
MR. HAYES POINTED OUT THAT THE BANK'S LOCATION AT A BUSY INTERSECTION CLOSE TO THE NORTH KWAI CHUNG INDUSTRIAL AREA HAD EASY ACCESS TO THE TA LIN PAI ROAD INDUSTRIAL AREA NOW NEARING THE END OF INTENSIVE DEVELOPMENT.
THE BRANCH WAS ALSO CLOSE TO THE CONTAINER PORT AND THE AREA WHERE ONE MILLION SQUARE FEET OF LIGHT INDUSTRIAL LAND IS TO BE OPENED UP. THE BULK OF THIS LAND HAD ALREADY BEEN DISPOSED OF BY LAND EXCHANGE, HE ADDED.
MR. HAYES SAID THE BANK'S TRADE AND INDUSTRY PROMOTION SERVICES WOULD BENEFIT THE MANY NEW INDUSTRIES BEING ESTABLISHED
IN TSUEN WAN NEW TOWN.