SUNDAY, OCTOBER 21, 1979
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+LOW TAX RATES FOR BUSINESS AND INDUSTRY, A FREE ENTERPRISE ENVIRONMENT, A FREE MONEY MARKET, FIRST CLASS TRANSPORT AND COMMUNICATIONS SYSTEMS, AND A WIDE CHOICE OF MODERN INDUSTRIAL SITES AND BUILDINGS ARE JUST SOME OF THE MANY ADVANTAGES THAT HONG KONG HAS TO OFFER, HE ADDED.
MR. DORWARD SAID MANY JAPANESE COMPANIES WHICH EXPORTED INDUSTRIAL COMPONENTS. PARTICULARLY FOR THE METAL AND ELECTRONIC INDUSTRIES, WERE AWARE OF INCREASING DIFFICULTIES IN COMPETING IN THE HONG KONG MARKET BECAUSE OF THE EFFECT OF EXCHANGE RATES ON THEIR PRICES. PRODUCTION OF SOME OF THESE COMPONENTS IN HONG KONG BY JAPANESE COMPANIES WOULD CLEARLY BE OF MUTUAL BENEFIT.
+THE GREATEST OPPORTUNITIES ARE PROBABLY OFFERED TO THE ESTABLISHMENT OF EXPORT ORIENTATED INDUSTRIES. THESE COULD INCLUDE ELECTRONIC BUSINESS MACHINES, OPTICS, PRECISION INSTRUMENTS, WATCHES AND CLOCKS, TELECOMMUNICATION TERMINAL EQUIPMENT, MICRO COMPUTERS, DATA PROCESSING EQUIPMENT, AND AUTOMOBILE PARTS AND ACCESSORIES, INCLUDING ELECTRICAL AND ELECTRONICS COMPONENTS,+ HE SAID.
IN ORDER THAT TECHNOLOGY CAN BE TRANSPLANTED WITHOUT PROBLEMS, IT NEEDS A STRONG INDIGENOUS INDUSTRY, A DEXTROUS WORKFORCE, AN EFFICIENT COMMERCIAL INFRASTRUCTURE, AND STABLE GOVERNMENT POLICIES PROVIDING THE ENVIRONMENT IN WHICH NEW TECHNOLOGY CAN BE ABSORBED AND DEVELOPED.
+HONG KONG CAN OFFER ALL OF THESE. ITS ENTERPRISES HAVE PROVED THEIR ABILITY TO DEVELOP PROGRESSIVELY DOMESTIC CAPABILITIES BASED ON IMPORTED TECHNOLOGY,+ MR. DORWARD SAID.
+AND GOVERNMENT POLICIES ARE BALANCED TO BENEFIT BUYER AND SELLER, LOCAL ENTERPRENEUR AND OVERSEAS INVESTOR ALIKE. I HOPE THAT ANY COMPANY CONSIDERING EXPANDING IN SOUTHEAST ASIA WILL NOT MISS THIS OPPORTUNITY OF DISCUSSING THEIR IDEAS WITH MAJOR BERNARD, EITHER AT TECHNO 1979 OR DURING THE REMAINDER OF HIS VISIT IN NOVEMBER, HE SAID.
PLAN FOR MORE SOLAR-POWERED BEACONS ******
THE MARINE DEPARTMENT PLANS TO INSTALL SEVEN MORE SOLAR- POWERED NAVIGATIONAL BEACONS IN THE NEXT TWO YEARS TO REPLACE THE CONVENTIONALLY POWERED ONES CURRENTLY IN USE IN HONG KONG.
THIS FOLLOWED THE SUCCESS OF A PILOT SCHEME STARTED IN MAY LAST YEAR WHEN SOLAR ENERGY WAS USED TO OPERATE A BEACON AT KEI YAN SHEK ON THE WESTERN SIDE OF HIGH ISLAND IN SAI KUNG.
A SPOKESMAN FOR THE DEPARTMENT SAID THE SOLAR MODULE, WHICH HAS A LIGHT RANGE OF EIGHT KILOMETRES, HAS SEVERAL ADVANTAGES AND PROVED TO BE ECONOMICAL IN OPERATION.
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