XN000022-1973-10-12 — Page 3

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Friday, October 12, 1973

Each of the boards, he said, would cover a major industry in

Hong Kong and would be responsible for the formulation and implementation

of policies.

**The executive committee, on the other hand, is to advise the

Council on all proposals presented by the training boards and functional

committees," Mr. Ann said.

The Council would also look into the question of the required

statutory power to enable it to function effectively.

"The overall aim, of course, is to ensure that there will be

sufficient qualified manpower to cope with the development of every sector

of Hong Kong's economy not only in size but in sophistication. This

is vital to our economic and social well-being," he said.

Mr. Ann stressed that the ready availability of trained manpower

was the most important consideration to be taken into account when a

foreign concern decided whether to invest in Hong Kong.

"We have reached a stage of industrial development when we should

do our very best to attract foreign investment in the way of high technology

industries," he said.

The Council is expected to hold its first meeting next month. It

will be serviced by the yet-to-be expanded Industrial Training Division

of the Labour Department.

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