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WEDNESDAY, OCTOBER 17, 1979
PRODUCTIVITY CENTRE MADE CONSIDERABLE PROGRESS LAST YEAR
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THE PRODUCTIVITY CENTRE MADE CONSIDERABLE PROGRESS LAST YEAR- ONE WAS THE ESTABLISHMENT OF A TECHNOLOGY TRANSFER SERVICE TO HELP LOCAL INDUSTRIES, THE HON. S.L. CHEN TOLD THE LEGISLATIVE COUNCIL THIS (WEDNESDAY) ́ AFTERNOON.
MR. CHEN WAS SPEAKING AT THE TABLING OF THE 1978-79 REPORT OF THE HONG KONG PRODUCTIVITY COUNCIL, OF WHICH HE IS THE CHAIRMAN.
HE POINTED OUT THAT SINCE HONG KONG DID NOT HAVE SIGNIFICANT RESEARCH AND DEVELOPMENT ACTIVITIES OF ITS OWN, THE TECHNOLOGY TRANSFER SERVICE WOULD ASSIST INDUSTRIES TO FIND APPROPRIATE TECHNOLOGY SOURCES AND PROVIDE TECHNICAL CONSULTATION ON THE ADAPTATION OF IMPORTED TECHNOLOGY. THIS WAS A PREREQUISITE FOR RAPID INDUSTRIAL DIVERSIFICATION.
HE REPORTED THAT DURING THE PAST YEAR, THE PRODUCTIVITY CENTRE'S RANGE OF TECHNICAL SERVICES WAS EXPANDED AND NOW INCLUDED A HEAT TREATMENT UNIT TO HELP UPGRADE A WIDE VARIETY OF LIGHT METAL ENGINEERING INDUSTRIES. IN ADDITION, THE CENTRE CONTINUED TO UNDERTAKE MEDIUM-TERM DEVELOPMENT PROJECTS THE IMPACT OF WHICH WAS LIKELY TO BE GREATER.
ITS TECHNICAL INFORMATION SERVICES WERE CONSIDERABLY STRENGTHENED AND AN ON-LINE INFORMATION RETRIEVAL SYSTEM LINKING MAJOR DATA BASES IN THE U.S.A. WAS SET UP TO PROVIDE RAPID ACCESS TO THE LATEST TECHNICAL INFORMATION,
THE CENTRE CONDUCTED 170 CONSULTANCY AND TECHNOLOGY PROJECTS AND PROVIDED TRAINING FOR OVER 6 500 PARTICIPANTS. IT ALSO HELPED A NUMBER OF COMPANIES IN THEIR APPLICATION FOR INDUSTRIAL LAND FOR SETTING UP TECHNOLOGICALLY-ADVANCED AND CAPITAL-INTENSIVE PRODUCTION PLANTS, AND SUBMITTED PROPOSALS FOR ESTABLISHING NEW AND EXTENDED ACTIVITIES ESSENTAIL FOR HONG KONG'S INDUSTRIAL DEVELOPMENT TO THE ADVISORY COMMITTEE ON DIVERSIFICATION.
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FIRMS PROTECTED FROM CLAIMS FOR LOST SHARES REPLACEMENT *****
THE COMPANIES (AMENDMENT) BILL 1979 WHICH IS AIMED AT PROVIDING STATUTORY PROTECTION FOR LISTED PUBLIC COMPANIES AGAINST CLAIMS FOR DAMAGES ARISING OUT OF THEIR REPLACING LOST SHARE CERTIFICATES, WAS INTRODUCED IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
MOVING THE SECOND READING OF THE BILL. ACTING FINANCIAL SECRETARY, THE HON. DAVID JEAFFRESON, SAID THAT AT PRESENT THE ONLY STATUTORY PROVISION GOVERNING THE ISSUE OF REPLACEMENT SHARE CERTIFICATES PROVIDED THAT THE REGISTERED HOLDER OF SHARES, OR SOMEONE CLAIMING SO TO BE, MAY APPLY TO A COMPANY FOR THE ISSUE OF A NEW SHARE CERTIFICATE WHEN HE NO LONGER HAS THE ORIGINAL.
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