FRIDAY, MAY 7, 1993
90
"OF ALL THE DIRECT OVERSEAS INVESTMENTS IN GUANGDONG
BY PER CENT 80
CENT PER
BY VALUE AND OVER ENTERPRISES HAVE TIES IN ONE WAY OR ANOTHER WITH HONG KONG,
OVER
זז
PROVINCE, NUMBER OF HE SAID.
THE INTER-DEPENDENT ECONOMIC RELATIONSHIP BETWEEN HONG KONG AND CHINA COULD ALSO BE REFLECTED BY THE GROWTH OF MAINLAND INVESTMENTS IN HONG KONG, MR CHAU SAID.
KONG ARE ONE OF THE IN HIONG
"TOTAL INVESTMENTS BY MAINLAND ENTERPRISES IN HONG
REPRESENTING ESTIMATED ΤΟ WELL EXCEED US$10 BILLION LARGEST, IF NOT THE LARGEST, SOURCES OF OVERSEAS INVESTMENT KONG.
THE EXPERIENCE, "THE PROFITS GENERATED BY THESE ORGANISATIONS, EXPOSURE AND INTERNATIONAL BUSINESS NETWORK THEY HAVE GAINED WILL MAKE A SIGNIFICANT CONTRIBUTION TO CHINA'S RCONOMIC DEVELOPMENT RE-AFFIRM HONG KONG'S ROLE AS CHINA'S WINDOW ON THE WORLD, ADDED.
AND WILL
--
MR CHAU
FISHERMEN GET MORE EX-GRATIA ALLOWANCES
DUMPING
OF
FINANCE
CAPTURE FISHERMEN AFFECTED BY RECLAMATION, DREDGING OR PROJECTS WILL GET HIGHER LEVEL OF EX-GRATIA ALLOWANCES AS A RESULT
PACKAGE NEW
APPROVED BY THE LEGISLATIVE COUNCIL'S COMMITTEE TODAY (FRIDAY).
A
THE
1
AT THE MEETING THE FINANCE COMMITTEE APPROVED AN INCREASE IN BASIS FOR CALCULATING THE EX-GRATIA
FOR ALLOWANCES
INSHORE FROM FISHERMEN AFFECTED BY RECLAMATION, DREDGING OR DUMPING PROJECTS, THE NOTIONAL VALUE OF ONE YEAR'S CATCH IN THE AFFECTED AREA YEARS'.
ΤΟ THREE
THIS ALLOWANCE WILL NOW BE RQUIVALENT TO ABOUT FIVE YEARS'
INTO INCOME FOR VESSEL OWNERS OR OPERATORS AFTER TAKING
ACCOUNT ALL
EXPENSES.
NKT
A EXPLAINING THE NEW ARRANGEMENT,
GOVERNMENT SPOKESMAN SAID CIRCUMSTANCES HAD CHANGED SIGNIFICANTLY SINCE THE PRESENT EX-GRATIA ARRANGEMENT WAS APPROVED IN 1978.
THE
AND
LONGER
IT WAS CONSIDERED THAT THE INCREASE IN THE NUMBER OF FISHERMEN AFFECTED BY THE CURRENT PROGRAMME OF WORKS,
WITH COMBINED
DECREASING
CONTINUENG WORK IN FISHING
INDUSTRIES, HAD FISHING-RELATED
INEVITABLY RESULTED IN A PERIOD OF TIME FOR THE FISHERMEN TO RE-ESTABLISH.
FOR OPPORTUNITIES
"THE NEW PACKAGE IS BROADLY COMPARABLE WITH STATUTORY
BUSINESS LOSS FOR LAND-BASED
COMPENSATION FOR
SPOKESMAN SAID.
ENTERPRISES,
"
THE
/HE POINTED