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MONDAY, MARCH 16, 1987
ON A SUGGESTION THAT THE GOVERNMENT SHOULD COME OUT AND EXPLAIN THE MEANING OF THE LAW, SIR DAVID SAID THE ATTORNEY GENERAL HAD GIVEN A VERY CLEAR EXPLANATION OF THE MEANING OF THE LAW AND THE WAY IT WOULD OPERATE IN HIS SPEECH LAST WEEK AND IT WAS VERY IMPORTANT THAT THE PUBLIC SHOULD HAVE AN OPPORTUNITY TO READ HIS SPEECH.
ASKED WHETHER THE QUEEN WOULD OVERRULE THE LAW, HE SAID: +IN VIEW OF THE VERY STRONG MAJORITY IN THE LEGISLATURE THAT PASSED THE LEGISLATION LAST WEEK, IT WOULD BE QUITE EXTRAORDINARY. I THINK, IF THE VIEWS OF THE HONG KONG LEGISLATURE WERE IGNORED.+
ADVANTAGES OF INDUSTRIAL ESTATES HIGHLIGHTED
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THE INDUSTRIAL ESTATES OF THE HONG KONG INDUSTRIAL ESTATES CORPORATION (HKIEC) OFFER AN IDEAL LOCATION AND A UNIQUE OPPORTUNITY FOR BOTH LOCAL AND OVERSEAS MANUFACTURERS TO ESTABLISH THEMSELVES IN HONG KONG, THE ACTING GOVERNOR, SIR DAVID AKERS-JONES, SAID TODAY (MONDAY).
SPEAKING AT A COCKTAIL RECEPTION MARKING THE 10TH ANNIVERSARY OF THE HK IEC, SIR DAVID SAID THE ECONOMIC TIDE IN HONG KONG WAS RUNNING STRONGLY AND FOREIGN BUSINESSMEN WERE RECOGNISING THE ADVANTAGES OF SETTING UP FACTORIES HERE.
+THE CORPORATION CAN EXPECT TO CONTINUE ITS VITAL ROLE OF PROVIDING THE NECESSARY LAND INFRASTRUCTURE FOR NEW AND EXPANDING SPECIAL FACTORIES IN HONG KONG+,
SIR DAVID NOTED THAT THE HK IEC NOW HAD BEEN THROUGH ITS FORMATIVE DIFFICULT YEARS WHEN THE VALUE OF THE ESTATE TO THE MANUFACTURING SECTOR WAS NOT AS WELL DEVELOPED AS IT WAS NOW, AND WHEN THERE WERE MANY CONSTRUCTION AND FINANCIAL PROBLEMS THAT MADE IT DIFFICULT TO FACILITATE LAND SALES.
+THE CORPORATION HAS BEEN ABLE TO RESPOND QUICKLY AND EFFICIENTLY TO INDUSTRIAL DEMAND THAT IT HAS ACHIEVED AN ANNUAL AVERAGE OF 18 AGREEMENTS FOR LEASE FOR OVER 11 HECTARES OF LAND IN THE PAST TWO YEARS, COMPARED WITH AN AVERAGE OF LESS THAN FOUR HECTARES SOLD IN EACH OF THE PREVIOUS YEARS.+
+ THERE ARE NOW 41 COMPLETED FACTORIES IN TAI PO WITH ANOTHER 19 UNDER CONSTRUCTION AND AFTER A SLOWER START THERE HAS BEEN AN UPSURGE OF INTEREST IN THE YUEN LONG INDUSTRIAL ESTATES WITH 10 SITES TOTALL ING NINE HECTARES HAVING RECENTLY BEEN GRANTED, ON TOP OF THREE NEW SINGLE STOREY STANDARD FACTORIES RECENTLY COMPLETED BY THE CORPORATION.+
/SIR DAVID
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