26
WEDNESDAY, MARCH 31, 1993
"THESE SERVICES ARE CONSTANTLY BEING ASSESSED AND MEET INDUSTRY'S CHANGING NEEDS, HE SAID.
ADAPTED ΤΟ
DEVELOPMENT
LAST MONTH THE $200 MILLION APPLIED RESEARCH AND SCHEME WAS LAUNCHED TO ENCOURAGE RESEARCH AND DEVELOPMENT IN THE PRIVATE SECTOR.
MR CHAU PLEDGED TO CONTINUE TO PROVIDE FUNDS TO THE TERTIARY INSTITUTIONS FOR ACADEMIC RESEARCH AND DEVELOPMENT AND
TRAIN TECHNOLOGISTS.
TO
TURNING TO THE IMPORT OF TECHNOLOGY, HE SAID THE INDUSTRY DEPARTMENT, THROUGH ITS INWARD INVESTMENT PROGRAMME, WOULD CONTINUE TO ATTRACT OVERSEAS INVESTORS WHO CAN BRING IN USEFUL TECHNOLOGIES,
IS
THE CUMULATIVE VALUE OF INVESTMENTS AT THE END OF LAST YEAR EXPECTED TO HAVE INCREASED BY OVER 10 PER CENT FROM THE $34 BILLION AT WHICH IT STOOD AT THE END OF 1991.
MR CHAU SAID THE GOVERNMENT RECOGNISED THAT IN A TIME OF RAPID STRUCTURAL CHANGE IN THE ECONOMY, IT WAS IMPORTANT TO ASSESS AND ADAPT ITS SUPPORT AND SERVICES FOR INDUSTRY.
ΤΟ
THE INDUSTRY DEPARTMENT UNDERTAKES A PROGRAMME OF STUDIES EXAMINE WHAT THE INFRASTRUCTURAL, TECHNOLOGICAL AND MARKET CONSTRAINTS ON INDUSTRIAL DEVELOPMENT ARE AND HOW THEY CAN BE OVERCOME.
FIVE SUCH STUDIES WERE COMPLETED IN 1992/93. ANOTHER SIX STUDIES WILL BE COMMISSIONED OR COMPLETED IN THE FISCAL YEAR 1993/94.
"THE PROJECTED PHASING OF EXPENDITURE ON THESE STUDIES IS SUCH THAT LESS EXPENDITURE WILL BE MADE IN 1993/94 THAN IN 1992/93.
H
*THIS IS THE SOLE REASON WHY THE INDUSTRY DEPARTMENT'S FOR 1993/94 IS A FRACTION SMALLER THAN THAT FOR 1992/93.
BUDGET
**WE HAVE NOT, AS WAS SUGGESTED BY ONE MEMBER, CUT BACK ON OUR ALLOCATION TO THE INDUSTRY DEPARTMENT, MR CHAU SAID.
-
0
-
"
MEASURES TO TACKLE PUBLIC WORKS UNDERSPENDING IN PLACE
MEASURES ARE IN PLACE TO TACKLE THE PROBLEM OF UNDERSPENDING FOR PUBLIC WORKS PROJECTS WHICH HAS ALREADY BEEN REDUCED FROM $6.6 BILLION IN 1991/92 TO $3.6 BILLION AS ANTICIPATED THIS YEAR.
THE
THIS WAS STATED BY THE SECRETARY FOR WORKS, MR JAMES BLAKE, AT RESUMED BUDGET DEBATE IN THE LEGISLATIVE COUNCIL TODAY
(WEDNESDAY).
MR BLAKE SAID THE RE-ORGANISED PUBLIC WORKS PROGRESS COMMITTEE WHICH HE CHAIRED WOULD BRING TOGETHER RELEVANT POLICY SECRETARIES AS TO NIP THE PROBLEMS IN THE BUD.
80
/"THE WORKS