WEDNESDAY, AUGUST 31, 1994
GOVERNMENT
*
-
WHEELOCK' IN
$100 MILLION GREEN FUNDS PARTNERSHIP
* *
AN UNPRECEDENTED GOVERNMENT-PRIVATE SECTOR INITIATIVE TO LAUNCH PARALLEL FUNDS TOTALLING $100 MILLION WAS ANNOUNCED TODAY (WEDNESDAY).
RESEARCH CATALYST IN THE
EDUCATIONAL,
THE PURPOSE OF THE FUNDS IS TO SUPPORT AND COMMUNITY ACTION PROJECTS WHICH WILL ACT AS A PROTECTION AND IMPROVEMENT OF THE ENVIRONMENT OF HONG KONG.
NON-PROFIT-MAKING
WILL ENHANCE MOBILISE COMMUNITY
OR IMPROVE
THE
PROJECTS SUCH AS THOSE THAT PUBLIC UNDERSTANDING OF HONG KONG'S ENVIRONMENT,
PROMOTE NATURE CONSERVATION, ENVIRONMENTAL ACTION, TERRITORY'S PHYSICAL ENVIRONMENT WILL BE CONSIDERED FOR FUNDING.
CONSERVATION FUND THE TWO FUNDS, NAMELY THE ENVIRONMENT AND
HAVE
UP BEEN SET (ECF) AND THE
WHEELOCK GREEN FUND (WWGF), WOO
AN SIMULTANEOUSLY BY THE GOVERNMENT AND THE WHEELOCK GROUP, EACH WITH INITIAL PLEDGE OF $50 MILLION.
THE ECF WAS PROPOSED BY THE GOVERNOR IN HIS POLICY ADDRESS
WWGF THE LEGISLATIVE COUNCIL IN OCTOBER LAST YEAR, WHILE INITIATED BY MR PETER WOO, THE GROUP CHAIRMAN OF WHEELOCK.
THE
TO
WAS
PRIVATE
THIS IS THE FIRST TIME IN WHICH THE GOVERNMENT AND THE SECTOR HAVE JOINED FORCES TO SET UP TWIN FUNDS TO COMBAT ENVIRONMENTAL ISSUES.
FOR
EXAMPLE
SECTOR
ANNOUNCING THE LAUNCHING OF THE FUNDS, THE SECRETARY PLANNING, ENVIRONMENT AND LANDS, MR TONY EASON, WELCOMED THE SET BY MR WOO AND THE WHEELOCK GROUP FOR OTHERS IN THE PRIVATE TO FOLLOW.
"THIS
COMMUNITY ENVIRONMENT.
TO
BIG IS A
JOIN
STEP FORWARD FORCES
THE
IN MOTIVATING
THE
BUSINESS
WITH
GOVERNMENT
ΤΟ
IMPROVE
OUR
HAVE
"WE NEED MORE LARGE ORGANISATIONS LIKE WHEELOCK TO STAND UP AND BE COUNTED IF WE WANT TO ACHIEVE THE BOLD ENVIRONMENTAL AIMS WE SET OURSELVES," HE SAID.
BY A
NOTING THAT A SUCCESSFUL ECONOMY SHOULD BE ACCOMPANIED
COMMON GOAL AND COMPATIBLE QUALITY OF LIFE, MR WOO SAID: "WITH A
SECTOR CAN WORK SHARED COMMITMENT, THE GOVERNMENT AND THE PRIVATE TOGETHER TO MAKE A REAL DIFFERENCE TO HONG KONG'S ENVIRONMENT.
VICE-PRESIDENT AND DEPUTY CHAIRMAN OF THE
ENVIRONMENTAL WHICH FOCUSES ON WALES BUSINESS LEADERS FORUM, WORLDWIDE, HAS AGREED TO SERVE AS CHAIRMAN OF AN ADVISORY COMMITTEE TO THE TRUSTEE OF THE ECF.
MR WOO,
PRINCE 0
ISSUEL
OTHER NON-OFFICIAL MEMBERS OF THE ADVISORY COMMITTEE INCLUDE DR CHENG HOI-CHUEN, CHAN WAI-KWAN, DR SIMON CHAU SUI-CHEONG, MR VINCENT KR PAUL FAN CHOR-HO, MR MALCOLM
MATTHEWS,
PROFESSOR BRIAN MORTON,
MR STEPHEN NG CHI-WING AND DR NORA TAM FUNG-YEE..
/APPLICATIONS FOR