WEDNESDAY, JULY 31, 1985
INSPECTORS APPOINTED
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THE FINANCIAL SECRETARY ANNOUNCED TODAY THAT HE HAS APPOINTED INSPECTORS UNDER THE TERMS OF SECTION 143(1)(C) OF THE COMPANIES ORDINANCE TO INVESTIGATE THE AFFAIRS OF VAL NOMINEES LIMITED, CHARIC INVESTMENTS LIMITED, INVESTMENT CONSOLIDATED LINITED, CONSORTIUM INVESTMENT LIMITED AND PAN EAST DEVELOPMENT CORPORATION LIMITED AND TO REPORT TO HIM THEREON.
THESE APPOINTMENTS HAVE BEEN MADE IN CONNECTION WITH THE CONTINUING INVESTIGATIONS INTO THE AFFAIRS OF THE OVERSEAS TRUST BANK LIMITED.
THE INSPECTORS APPOINTED ARE MR THOMAS BRIAN STEVENSON AND MR ANTHONY TING YUK WU, CHARTERED ACCOUNTANTS, BOTH OF MESSRS ERNST AND WHINNEY, CERTIFIED PUBLIC ACCOUNTANTS.
INDUSTRIAL PROMOTION ACTIVITY TO CONTINUE
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THE INDUSTRY DEPARTMENT WILL CONTINUE TO PURSUE ITS INDUSTRIAL INVESTMENT PROMOTION ACTIVITY AN INTEGRAL AND VITAL PART OF HONG KONG'S INDUSTRIAL DEVELOPMENT AND DIVERSIFICATION PROCESS.
THIS WAS SAID TODAY (WEDNESDAY) BY THE PRINCIPAL CONSULTANT OF THE INDUSTRY DEPARTMENT, MR RICHARD CHAN, WHEN HE ADDRESSED A LUNCHEON MEETING OF THE ROTARY CLUB OF SHA TIN.
MR CHAN SAID THAT BETWEEN JANUARY 1, 1983 AND JUNE 30 THIS YEAR, THERE WERE 23 COMPLETED PROJECTS TO WHICH THE DEPARTMENT HAD RENDERED ASSISTANCE.
+THESE INVOLVED A TOTAL INVESTMENT OF OVER $75 MILLION AND THE SOURCE COUNTRIES WERE THE UNITED STATES (NINE), JAPAN (SIX), BRITAIN (FOUR), CANADA, FEDERAL REPUBLIC OF GERMANY, SINGAPORE AND HONG KONG,+ HE SAID.
+ BY THE END OF JUNE 1985, A FURTHER 21 HAD TAKEN THE DECISION TO SET UP OPERATION BUT HAD NOT YET ACTUALLY BEGUN PRODUCTION AND AN ADDITIONAL 26 HAD INDICATED THAT THEY ARE LIKELY TO DECIDE TO COME TO HONG KONG.+
AS FOR THE NUMBER OF ENQUIRIES CONCERNING INDUSTRIAL INVESTMENT, MR CHAN SAID THAT THERE HAD BEEN A NOTICEABLE INCREASE IN THE PAST FEW MONTHS, AND THE DEPARTMENT WAS IN ACTIVE DISCUSSION WITH ABOUT 450 OVERSEAS COMPANIES.
+DESPITE OUR SUCCESS IN ATTRACTING OVERSEAS INDUSTRIALISTS TO DATE, WE ARE, HOWEVER, WELL AWARE THAT COMPETITORS ARE CONSTANTLY AT OUR HEELS. THE INDUSTRY DEPARTMENT THEREFORE WILL CONTINUE TO PURSUE INDUSTRIAL PROMOTION WORK ACTIVELY, HE SAID.
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