FRIDAY, DECEMBER 11, 1981
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(C) TO RECOMMEND TO THE GOVERNOR THE APPOINTMENT OF A CHIEF
EXECUTIVE DESIGNATE OF THE KCR CORPORATION AND HIS TERMS AND CONDITIONS OF SERVICE AND TO APPOINT SUCH OTHER SENIOR OFFICERS AS IT DEEMS NECESSARY ON SUCH TERMS AND CONDI:ONS AS IT MAY DETERMINE.
(D) TO RECOMMEND SUCH OTHER STEPS AS MAY BE NECESSARY TO ENABLE
A KCR CORPORATION EFFECTIVELY AND SPEEDILY TO BE CREATED AND BROUGHT INTO OPERATION, SUCH AS THOSE, FOR EXAMPLE, RELATING TO PERSONNEL AND FINANCE, INCLUDING THE TERMS AND CONDITIONS UPON WHICH GOVERNMENT-OWNED ASSETS SHALL BE TRANSFERRED TO THE KCR CORPORATION.
(E) TO RECOMMEND THE VESTING DATE UPON WHICH THE KCR
CORPORATION SHALL COME INTO OPERATION.
TWO NEWEST FISHING TRAWLERS LAUNCHED
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TWO FISHING TRAWLERS INSTALLED WITH THE LARGEST SINGLE ENGINES SO FAR IN THE HONG KONG FLEET WERE LAUNCHED TODAY (FRIDAY) AT A CEREMONY IN TWO SHIPYARDS AT SHAU KEI WAN.
NAMED THE +HO! NGAN+ AND THE HOI KAN+, THE VESSELS WERE LAUNCHED BY THE WIFE OF THE DIRECTOR OF AGRICULTURE AND FISHERIES, MRS J.M. RIDDELL-SWAN AND THE WIFE OF THE DIRECTOR OF MARINE, MRS P.E.J. DAVY.
THE FISHING CRAFT WERE BUILT WITH A $3.06 MILLION LOAN GRANTED UNDER THE FISHERIES DEVELOPMENT LOAN FUND ESTABLISHED BY THE GOVERNMENT 21 YEARS AGO AND ADMINISTERED BY THE AGRICULTURE AND FISHERIES DEPARTMENT.
SPEAKING AT THE LAUNCHING OF THE + HO! NGAN, AT HOP LEE HING SHIPYARD, MR RIDDELL-SWAN SAID 68 FISHERMEN HAD OBTAINED LOANS AMOUNTING TO MORE THAN $15 MILLION SINCE THE ESTABLISHMENT OF THE FUND.
THE DESIGN OF THE TWO VESSELS BY THE FISHERIES DEVELOPMENT DIVISION OF THE AGRICULTURE AND FISHERIES DEPARTMENT INCORPORATES FOR THE FIRST TIME VARIABLE PITCH PROPELLERS IN A LOCAL FISHING VESSEL.
MR RIDDELL-SWAN SAID THIS NEW INNOVATION WILL INCREASE THE THRUST AND SPEED OF THE VESSELS BUT EQUALLY IMPORTANTLY IT WILL SAVE FUEL OIL AND CONSEQUENTLY CUT THE COSTS AND CONSERVE ENERGY.
+SUCH SAVINGS ARE OF GREAT CONCERN TO ALL FISHERMEN AND PARTICULARLY TO THE OWNERS OF THIS PAIR OF VESSELS WHICH WILL BE FITTED WITH THE LARGEST SINGLE ENGINES SO FAR INSTALLED IN HONG KONG FISHING VESSELS.+
TH.
HE CONGRATULATED MR CHENG FOR-YAU AND MR LEUNG KOON-TAI OWNERS OF THE VESSELS, ON THEIR INITIATIVE AND ENTERPRISE IN TH PROJECT WHICH WAS SUPPORTED BY THE AGRICULTURE AND FISHERIES DEPARTMENT.
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