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Friday, November 9, 1973
"HOT-LINE" FOR LOANS TO INDUSTRY INQUIRIES
A telephone "hot-line" has been opened by the Commerce and Industry
Department to deal with queries about the modified loan scheme for industrial
firms in Hong Kong.
The number to ring is 5-258894. Inquiries will be handled by
officers in the Department's Industrial Development Branch who can speak
both English and Chinese.
The terms of the original Loans for Small Industry scheme have been modified to make it more attractive to local manufacturing concerns.
The aim is to stimulate industrial development by making loans
available to buy new machinery and equipment.
Thirty local banks participating in the scheme have been sent
explanatory booklets and application forms for use by interested applicants.
Fact sheets about the scheme have also been sent to more than
20,000 registered industrial concerns,
The scheme is open to factories employing not more than 200 workers
and having not more than $1 million in proprietors' funds.
This means in effect that 97 per cent of all Hong Kong's manufacturing concerns are eligible to apply for loans to improve their performance.
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