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14
FRIDAY, FEBRUARY 25, 1994
THE SECOND LOT IS SITUATED AT AREA 4C, TUEN MUN. IT HAS AN AREA OF 7,877 SQUARE METRES EARMARKED FOR PRIVATE RESIDENTIAL USE.
THE THIRD LOT, AT AREA 7, TAI PO, HAS AN AREA OF 18,490 SQUARE METRES. IT IS ALSO FOR PRIVATE RESIDENTIAL USE.
ATTENTION NEWS EDITORS:
YOUR
REPRESENTATIVES
ARE INVITED TO COVER THE AUCTION.
HK
—
A MAGNET FOR INVESTMENT
AND
HONG KONG HAS A MAGNETIC ATTRACTION FOR OVERSEAS INVESTORS THE GOVERNMENT'S POLICIES HAVE MADE CONTRIBUTIONS TO ENCOURAGING OVERSEAS INVESTORS TO INVEST IN HONG KONG'S MANUFACTURING
THE DIRECTOR-GENERAL OF INDUSTRY, MISS DENISE YUE,
(FRIDAY).
INDUSTRIES, SAID TODAY
SPEAKING AT THE OPENING OF A NEW PLANT BY HONG KONG YAKULT COMPANY LIMITED AT THE TAI PO INDUSTRIAL ESTATE, MISS YUE SAID THESE
DID POLICIES
NOT INVOLVE THE GRANTING OF PREFERENTIAL
ΤΟ TREATMENT
FOREIGN INVESTORS.
L
INDEED, ONE OF THE GOVERNMENT'S CARDINAL POLICIES WAS NOT TO DISTINGUISH BETWEEN LOCAL AND FOREIGN INVESTORS IN AREAS SUCH AS LAWS, TAXATION TREATMENT AND LAND ALLOCATION, SHE SAID.
"THE OTHER POLICIES WE ADOPT INCLUDE PRACTISING FREE TRADE AND ENSURING THAT OUR TRADING PARTNERS ALSO OBSERVE THE MULTILATERAL TRADING RULES.
Н
WE ALSO KEEP OUR TAXES LOW AND PREDICTABLE AND PROVIDE A GOOD CLEAN LEGAL SYSTEM SO AS TO GIVE OUR COMMUNITY AND OVERSEAS INVESTORS ALIKE THE CONFIDENCE THAT THEY WILL BE TREATED FAIRLY.
"IN ADDITION, WE HAVE ALSO INVESTED IN OUR HUMAN, PHYSICAL AND TECHNOLOGICAL INFRASTRUCTURE SO AS TO ENABLE HONG KONG TO MAINTAIN AND IMPROVE UPON ITS RECORD OF SUCCESS, MISS YUE SAID.
++
SHE NOTED THAT THE GOVERNMENT WAS SPENDING ABOUT $24 BILLION FROM 1992-95 ON TERTIARY EDUCATION, INCLUDING THE IMPRESSIVE PROGRAMME TO INCREASE DEGREE AND VOCATIONAL TRAINING PLACES.
ON INDUSTRIAL LAND, A LOAN OF $900 MILLION WOULD BE PROVIDED TO THE HONG KONG INDUSTRIAL ESTATES CORPORATION FOR THE DEVELOPMENT OF A THIRD INDUSTRIAL ESTATE AT TSEUNG KWAN 0.
/MISS YUE