XN000022-1977-10-13 — Page 4

THURSDAY, OCTOBER 13, 1977

+ IT IS DISAPPOINTING THAT THE ECONOMIES OF OUR MAJOR MARKETS HAVE NOT RECOVERED IN 1977 AS FAST AS ONE HAD HOPED IN 1976, AND DO NOT LOOK LIKE DOING ANY BETTER IN 1978 UNLESS RAPID AND EFFECTIVE ACTION IS TAKEN TO STIMULATE THEM,

+NEVERTHELESS THERE IS A SOUND PROSPECT OF POSITIVE GROWTH EVERYWHERE, AND FOR SOME IMPROVEMENT IN THE LEVEL OF WORLD TRADE.

+HONG KONG'S COMPETITIVE POSITION IS LIKELY TO IMPROVE, AND PROSPECTS OVER-ALL ARE THEREFORE FAR FROM BAD.

+ IN THANK ING YOU FOR YOUR HOSPITALITY I WOULD LIKE TO ASSURE YOU OF THE CONTINUING SUPPORT OF THE GOVERNMENT FOR THE FEDERATION AND FOR THE WAYS IN WHICH IT HELPS THE INDUSTRY OF HONG KONG. IT HAS COMPLETED 17 VERY SUCCESSFUL YEARS AND I WISH IT CONTINUING SUCCESS IN THE FUTURE.+

PRIME TSIM SHA TSUI SITE FOR SALE **** **

ANOTHER MAJOR DEVELOPMENT SITE AT TSIM SHA TSUI EAST WILL BE OFFERED FOR SALE TOMORROW (OCTOBER 14) BY THE P.W.D.'S LANDS AND SURVEY DEPARTMENT.

THE SITE, OCCUPYING AN AREA OF ABOUT 3,500 SQUARE METRES, HAS BEEN ZONED FOR NON-INDUSTRIAL USE.

ANOTHER LOT OF CROWN LAND AT PO KONG VILLAGE ROAD WILL BE OFFERED FOR SALE ON THE SAME DAY.

THE SITE HAS AN AREA OF ABOUT 93 SQUARE METRES AND IS ALSO FOR NON-INDUSTRIAL USE.

AT THE SAME AUCTION, A FLAT SITUATED ON THE THIRD FLOOR, OF NO. 6 HOI KING STREET, KOWLOON WILL BE OFFERED FOR SALE. IT HAS AN AREA OF 52.5 SQUARE METRES.

THE SALE OF THE PROPERTY IS SUBJECT TO EXISTING TENANCIES.

THE AUCTION WILL BE HELD AT 2.30 P.M. TOMORROW ON THE 8TH

FLOOR, HIGH BLOCK, CITY HALL.

FULL PARTICULARS AND CONDITIONS OF SALE MAY BE OBTAINED FROM, AND SALE PLANS INSPECTED AT, THE PUBLIC ENQUIRY SUB-OFFICE, CENTRÁL GOVERNMENT OFFICES (WEST WING), GROUND FLOOR, HONG KONG AND AT CROWN LANDS AND SURVEY OFFICE, KOWLOON GOVERNMENT OFFICES, 405, NATHAN ROAD, 10TH FLOOR, KOWLOON.

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