THURSDAY, FEBRUARY 12, 1981
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IT IS THE INTENTION OF THE FOUNDERS OF THE SCHOOL TO PROVIDE THIS AND IN THEIR WISE PERCEPTION OF THE PUBLIC INTEREST THEY HAVE NOT ONLY BUILT AND EQUIPPED THE SCHOOL BUT ALSO, THROUGH THE TRUST FUND, HAVE PROVIDED FOR ITS RECURRENT COSTS. I HEAR THAT OVER 30 CANDIDATES APPLIED FOR EACH PLACE AVAILABLE. WHAT BETTER PROOF COULD THERE BE OF THE SOUNDNESS OF THE FOUNDERS' JUDGEMENT OF WHAT IS NEEDED?
THIS OPENING CEREMONY IS AT THE BEGINNING OF THE NEW YEAR. THE WORLD CAN BE SPARED FURTHER SHOCKS TO ITS ECONOMIC SYSTEM I AM CAUTIOUSLY OPTIMISTIC ABOUT PROSPECTS FOR SOME RECOVERY IN WORLD TRADE THIS YEAR AND ABOUT HONG KONG'S ABILITY TO BENEFIT FROM IT. WHEN THE FIRST STUDENTS GRADUATE AND ENTER BUSINESS IN 1982 THEY WILL NO DOUBT FIND THAT THEY DO SO ON HONG KONG'S USUAL RISING TIDE OF PROSPERITY. TO THEM, TO THE SCHOOL, ITS FOUNDERS AND ITS TEACHERS, OFFER MY BEST WISHES FOR SUCCESS.
IF
KOWLOON SITE SOLD FOR $395 MILLION
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A 3 149 SQUARE METRE SITE IN TSIM SHA TSUI EAST WAS SOLD AT AN AUCTION TODAY (THURSDAY) FOR $395 MILLION OR $125 436.65 PER SQUARE METRE.
THE SITE WAS BOUGHT BY BRISBANE TRADING CO LTD, BAUGHEN INVESTMENTS LTD AND VARITRADE CO LTD.
IT IS FOR A MULTI-STOREY CAR PARK AND OTHER NON-INDUSTRIAL USE, EXCLUDING RESIDENTIAL PURPOSES.
ANOTHER SITE OF 2 312 SQUARE METRES WAS SOLD TO GLORY COURT LTD FOR $51 MILLION OR $22 058.82 PER SQUARE METRE.
IT IS SITUATED NEAR SUN YIP STREET, CHAI WAN AND IS FOR GODOWN PURPOSES.
THE AUCT FON WAS CONDUCTED BY THE CROWN LANDS AND SURVEY OFFICE OF THE PUBLIC WORKS DEPARTMENT.
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