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MONDAY, MARCH 2, 1992
HONG KONG'S TRADE RELIES ON ITS AIR AND SEA LINKS
THE GOVERNOR, LORD WILSON, SAID TODAY (MONDAY) THAT IT WAS HONG KONG'S EFFICIENT AND EXTENSIVE AIR AND SEA LINKS WHICH ENABLED THE TERRITORY TO BE THE 11TH LARGEST TRADING ENTITY IN THE WORLD.
ADDRESSING THE OPENING CEREMONY OF THE SECOND WORLD FREIGHT, TRADE AND DISTRIBUTION EXHIBITION, THE GOVERNOR SAID HONG KONG COULD BE PROUD OF WHAT HAD BEEN ACHIEVED, BUT IT MUST THINK AHEAD AND MUST BUILD NOW FOR THE FUTURE.
THE GOVERNOR POINTED OUT THAT THE BUILDING PROJECT INCLUDED THE CONSTRUCTION OF A NINTH CONTAINER TERMINAL AT TSING YI.
"THE FIRST BERTH OF THE NEW TERMINAL WILL BE COMPLETED IN 1995 AND THE FOURTH AND FINAL BERTH IN EARLY 1997. THE TSING YI TERMINAL WILL THEN BE ABLE TO HANDLE 1.6 MILLION TEUS PER ANNUM," HE SAID.
AT CHER LAP KOK, THE GOVERNOR SAID BULLDOZERS HAD ALREADY GOT TO WORK ON THE SITE FOR A NEW AIRPORT.
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"WHEN COMPLETED BY 1997, THIS NEW AIRPORT WILL ᎬᎬ ABLE HANDLE THE 1.1 MILLION TONNES OF FREIGHT A YEAR WE EXPECT BY THAT TIME
AND MORE IF NECESSARY.
"THESE FACILITIES ARE VITAL TO HONG KONG AS IT CONTINUES TO DEVELOP ITS ROLE AS A CENTRE FOR TRADE. THEY ALSO CONTRIBUTE TO THE ECONOMIC SUCCESS OF OUR TRADING PARTNERS, MANY OF WHOM ARE REPRESENTED HERE TODAY, HE SAID.
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CITING FIGURES ON THE GOODS HANDLED THROUGH HONG KONG'S AND AIRPORT, THE GOVERNOR SAID THE TERRITORY POSITION AS NEIGHBOUR THE MOST RAPIDLY DEVELOPING PROVINCE IN CHINA AND ROUGHLY HALF BETWEEN ASEAN COUNTRIES AND JAPAN, ADDED STRENGTH TO ITS TRADE IMPORTANCE IN THIS FAST GROWING REGION.
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FS TO DELIVER BUDGET SPEECH ON WEDNESDAY
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HONG KONG'S BUDGET FOR THE FINANCIAL YEAR 1992-93 PRESENTED TO THE LEGISLATIVE COUNCIL ON WEDNESDAY (MARCH 4).
WILL BE
FINANCIAL READINGS
THE PROCEEDINGS WILL START AT 2.30 PM AND THE SECRETARY, MR HAMISH MACLEOD, WILL MOVE THE FIRST AND SECOND OF THE APPROPRIATION BILL 1992, AND OUTLINE THE ESTIMATED REVENUE EXPENDITURE FOR 1992-93.
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/THE HEADS