TUESDAY, OCTOBER 25, 1983
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HE SAID THAT THE DECISION TO INVEST IN UP-TO-DATE MACHINERY AND DIVERSIFY INTO NEW PRODUCTS HELPED TO BROADEN THE BASIS OF LOCAL INDUSTRY.
+ IT ALSO REPRESENTS A STEP FORWARD IN THE DEVELOPMENT AND PRODUCTION OF PRODUCTS REQUIRING NEW AND HIGHER TECHNOLOGY, HE SAID. MR HO SAID THAT THERE HAD BEEN AN ENORMOUS INCREASE IN HIGH TECHNOLOGY FIXED INVESTMENT IN THE INDUSTRIALLY ADVANCED COUNTRIES, ESPECIALLY IN HONG KONG'S MAJOR EXPORT MARKET - THE UNITED STATES.
+THIS TREND IS CONTINUING, AND OUTSTRIPPING THE RATE OF INVESTMENT IN MANY MORE TRADITIONAL INDUSTRIES. WE MUST BE AWARE OF THE IMPORTANCE OF AND POSSIBILITIES OFFERED BY NEW TECHNOLOGY IF OUR ECONOMIC GROWTH IS TO CONTINUE TO INCREASE, AND IF WE ARE TO REMAIN COMPETITIVE, NOT JUST IN ELECTRONICS, BUT IN MANUFACTURING GENERALLY,
*THE STATE OF OUR MANUFACTURING INDUSTRY TOMORROW WILL DEPEND LARGELY ON INVESTMENT MADE TODAY. I SHOULD THEREFORE LIKE TO STRESS THE IMPORTANCE OF CONTINUED INVESTMENT AND RE-INVESTMENT FOR OUR FUTURE PROSPERITY,+ MR HO SAID.
REPORT ON UNLICENSED VEHICLES STUDIED
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MEMBERS OF THE TRANSPORT ADVISORY COMMITTEE TODAY STUDIED A REPORT ON UNLICENSED VEHICLES COMPILED BY THE TRANSPORT DEPARTMENT IN RESPONSE TO THEIR EARLIER QUERY ABOUT THE POSSIBILITY OF A GROWING PROBLEM.
THE REPORT SHOWS THAT IN MOST CASES, VEHICLES WERE UNLICENSED BECAUSE OF LEGITIMATE REASONS.
THESE INCLUDED LAPSED LICENCES PRIOR TO SCRAPPING, VEHICLES HELD BY DEALERS FOR RESALE, OWNERS ABSENT FROM THE TERRITORY, AND THE 15-DAY RENEWAL PERIOD OF GRACE UNDER THE ROAD TRAFFIC (REGISTRATION AND LICENSING OF VEHICLES) REGULATIONS.
PRIVATE CARS REPRESENTED THE MAIN CATEGORY OF UNLICENSED VEHICLES, BUT PAST FIGURES INDICATED THAT ONLY 7.6 PER CENT OF THESE VEHICLES REMAINED UNLICENSED FOR A PERIOD OF TWO TO 12 MONTHS.
SPOT CHECKS WERE CONDUCTED AT ABERDEEN AND LION ROCK TUNNELS
OF THE 15 396 AND IN GOVERNMENT CAR PARKS IN JUNE THIS YEAR. VEHICLES EXAMINED, ONLY 115 HAD EXPIRED LICENCES, OF WHICH 74 WERE WITHIN THE 15-DAY GRACE PERIOD.
THERE WILL BE A FURTHER DETERRENT AGAINST ILLEGAL NON-LICENSING FROM AUGUST 1984 WHEN HEAVIER PENALTIES WILL COME INTO FORCE UNDER THE NEW ROAD TRAFFIC ORDINANCE.
THE NEW