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WEDNESDAY, OCTOBER 2, 1985
THE BOARD OF THE HONG KONG INDUSTRIAL ESTATES CORPORATION HAS ALSO MADE CHANGES TO THE TERMS UNDER WHICH LAND PREMIUM MAY BE PAID BY INSTALMENTS.
FROM SEPTEMBER 15, 1985, 10 PER CENT OF THE FULL LAND PREMIUM WILL BE PAYABLE ON THE ACCEPTANCE OF THE FINAL OFFER, A FURTHER 15 PER CENT ON THE EXECUTION OF THE AGREEMENT FOR LEASE AND THE REMAINING 75 PER CENT PAYABLE BY QUARTERLY INSTALMENTS OVER 10 YEARS COMMENCING THREE MONTHS AFTER SIGNATURE OF THE AGREEMENT FOR LEASE WITH INTEREST AT ONE PER CENT OVER PRIME RATE.
HK GAINS FROM EXPO PARTICIPATION
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URBCO CHAIRMAN
HONG KONG STANDS TO GAIN IN STATURE AND EXPOSURE AS AN INTERNATIONAL CITY BY ITS DECISION TO TAKE PART IN EXPO '86 IN VANCOUVER NEXT YEAR, THE CHAIRMAN OF THE URBAN COUNCIL, MR HILTON CHEONG-LEEN, SAID IN VANCOUVER TODAY.
MR CHEONG-LEEN, NOW HEADING A FIVE-MEMBER URBAN COUNCIL DELEGATION ON A TWO-WEEK WORKING VISIT TO CANADA AND THE UNITED STATES, SAID THAT THIS WOULD BE THE SECOND TIME THAT HONG KONG HAD TAKEN PART IN SUCH AN INTERNATIONAL EXPOSITION, THE LAST TIME BEING SOME 15 YEARS AGO AT EXPO '70 IN OSAKA.
HE SAID: THE THEME OF EXPO $86, 'WORLD IN MOTION WORLD IN TOUCH' IS PARTICULARLY APT FOR HONG KONG BECAUSE WE WOULD NOT HAVE BECOME THE INTERNATIONAL COMMERCIAL, INDUSTRIAL AND FINANCIAL CENTRE THAT WE ARE TODAY HAD OUR PEOPLE STOOD STILL AND KEPT ALOOF FROM THE REST OF THE WORLD.
HAS
+HONG KONG'S PARTICIPATION IN EXPO '86 WILL BE AN OPPORTUNITY TO SHOW THE WORLD HOW HONG KONG, FROM A POPULATION OF HALF-A-MILLION PEOPLE JUST AFTER WORLD 11. BEEN TRANSFORMED INTO AN INTERNATIONAL CITY OF 5.5 MILLION PEOPLE AND HOW THEIR VITALITY, DRIVE AND CREATIVITY WILL CARRY HONG KONG FORWARD WELL INTO THE 21ST CENTURY.+
TURNING TO THE RELATIONSHIP BETWEEN CANADA AND HONG KONG, MR CHEONG-LEEN SAID THAT THE TWO TERRITORIES HAD FOR MANY YEARS ENJOYED A CLOSE AND MUTUALLY BENEFICIAL RELATIONSHIP.
+VANCOUVER HAS A PARTICULARLY THRIVING RELATIONSHIP WITH HONG KONG THROUGH CONTACTS SUCH AS TRADE, CULTURE, EDUCATIONAL OPPORTUNITIES AND OF COURSE IMMIGRATION,+ HE SAID.
/+A GROWING