MONDAY, FEBRUARY 6, 1978
PLAN TO DEVELOP PENG CHAU ******
THE GOVERNMENT HAS PLANS FOR THE DEVELOPMENT OF PENG CHAU ISLAND INCLUDING THE CONSTRUCTION OF A NEW PIER AND IMPROVED HOUSING, THE DEPUTY SECRETARY FOR THE NEW TERRITORIES, MR. JOHN TODD, SAID TODAY.
MR. TODD SAID IT WAS HOPED IT WOULD ENCOURAGE INVESTMENT ON THE ISLAND WHICH WOULD ENSURE THAT PENG CHAU BECAME A PROSPEROUS AND ATTRACTIVE PLACE.
HE WAS SPEAKING AT A CEREMONY IN WHICH HE OFFICIALLY OPENED A CINEMA ON THE ISLAND.
MR. TODD SAID:+IT IS THEREFORE VERY PLEASING TO SEE A PRIVATE DEVELOPER WHO HAS NOT WAITED FOR THESE DEVELOPMENTS BUT WHO HAS HAD SUFFICIENT FAITH IN THE FUTURE OF THE ISLAND TO BEGIN WORK ON A $5 MILLION. COMMERCIAL AND RESIDENTIAL COMPLEX OF WHICH THIS CINEMA FORMS A PART.+
HE WAS SURE THAT THE OPENING OF THE CINEMA WOULD NOT ONLY PROVIDE ENTERTAINMENT FOR THE RESIDENTS BUT THAT IT WOULD ALSO ATTRACT OTHER INVESTMENT ON THE ISLAND.
MR. TODD DESCRIBED THE OPENING OF THE CINEMA AS +VERY TIMELY+ FOR IT HAPPENED ON NEW YEAR'S EVE WHEN FAMILIES GATHER TOGETHER TO ANTICIPATE THE START OF A PROSPEROUS NEW YEAR.
NOTE TO EDITORS:
COPIES OF MR. TODD'S SPEECH, IN ENGLISH AND CHINESE, ARE DISTRIBUTED IN THE GIS PRESS BOXES THIS AFTERNOON.
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