11
FRIDAY, MAY 2, 1986
+THERE ARE ON-GOING PLANS FOR FURTHER INPROVEMENTS TO ROAD AND RAIL NETWORKS AND TO PORT FACILITIES WORK HAS STARTED ON A SECOND CROSS HARBOUR TUNNEL AND OTHER INFRASTRUCTURAL PLANS ARE IN THE PIPELINE.
+ WHERE HUMAN RESOURCES ARE CONCERNED, THERE ARE PLANS FOR THE SETTING UP OF A THIRD UNIVERSITY AND OF OTHER TERTIARY EDUCATIONAL FACILITIES, HE SAID.
+
ON THE QUESTION OF INVESTMENT INCENTIVES, MR NENDICK SAID THE GOVERNMENT DID NOT OFFER CASH OR ANY OTHER FORM OF SUBSIDY FOR INVESTMENT IN HONG KONG. BUT IN MAINTAINED A LOW TAX RATE WHICH WAS APPLIED EVEN-HANDEDLY TO RESIDENTS AND NON-RESIDENTS ALIKE.
+HONG KONG IS A FREE PORT AND WE DO NOT IMPOSE TARIFFS OR QUOTAS ON OUR IMPORTS. THERE IS NO FOREIGN EXCHANGE CONTROL- PROFITS AND CAPITAL CAN MOVE FREELY IN AND OUT OF THE TERRITORY.
+OUR BANKING AND FINANCIAL SERVICES AND COMMUNICATION FACILITIES COMPARE FAVOURABLY WITH THOSE OF OTHER MAJOR INTERNATIONAL FINANCIAL CENTRES.
+OVERALL WE BELIEVE THAT THESE FEATURES PROVIDE A FAVOURABLE ENVIRONMENT FOR THE SUCCESSFUL ENTREPRENEUR WHETHER HE BE BORN IN HONG KONG OR ELSEWHERE,+ HE SAID.
PEAK'S PANORAMIC VIEW TO BE PROTECTED
*****
STEPS HAVE BEEN TAKEN TO PRESERVE THE VIEW FROM THE PEAK BY IMPOSING BUILDING HEIGHT RESTRICTIONS,
THE RESTRICTIONS ARE CONTAINED IN AMENDMENTS PROPOSED BY THE TOWN PLANNING BOARD TO THE PEAK OUTLINE ZONING PLAN, AFFECTING THE NORTH-EASTERN, WESTERN AND NORTH-WESTERN, AND SOUTHERN BOUNDARIES OF THE PEAK. THE AMENDMENTS ARE PUBLISHED IN THE GAZETTE TODAY (FRIDAY).
A SPOKESMAN FOR THE BOARD SAID THE HEIGHT RESTRICTIONS WOULD BE BETWEEN THREE AND 12 STOREYS DEPENDING ON LOCATION.
APART FROM PRESERVING THE VIEW, AMENITIES IN THE AREA AND POOR ROAD ACCESS WERE ALSO REASONS FOR IMPLEMENTING THE RESTRICTIONS.
/+DEVELOPMENTS