WEDNESDAY, JANUARY 11, 1978
SUCCESSFUL APPLICANTS FOR INDUSTRIAL ESTATE SITES TO SIGN LEASE AGREEMENTS SOON ******
SOME OF THE SUCCESSFUL APPLICANTS FOR SITES OF TAI PO INDUSTRIAL ESTATE STAGE | ARE EXPECTED TO SIGN THE LEASE AGREEMENTS WITHIN THE NEXT FEW WEEKS AND TO PROCEED WITH PREPARATION OF PLANS FOR BUILDING THEIR FACTORIES.
THIS WAS REVEALED BY THE HON. LI FOOK-WO IN HIS CAPACITY AS THE CHAIRMAN OF THE HONG KONG INDUSTRIAL ESTATES CORPORATION WHEN HE TABLED IN THE LEGISLATIVE COUNCIL TODAY THE CORPORATION'S ANNUAL REPORT FOR THE YEAR ENDED MARCH 31, 1977.
MR. LI SAID SINCE THE ANNOUNCEMENT OF THE GENERAL TERMS AND CONDITIONS OF LEASING IN DECEMBER 1976, A STEADY FLOW OF APPLICATIONS HAD BEEN RECEIVED AND THESE NOW TOTALLED 84 OF WHICH TEN HAD BEEN APPROVED.
HE SAID THE LEASE DOCUMENT, WHICH HAD BEEN THE SUBJECT OF CONSIDERABLE DISCUSSIONS, AND THE AMENDMENT TO MEET PARTICULAR CRITICISMS BY INTERESTED PARTIES HAD BEEN FINAL ISED.
BUT HE SAID THE NAMES OF SUCCESSFUL APPLICANTS COULD NOT BE ANNOUNCED UNTIL THE LEASE DOCUMENTS WERE ACTUALLY SIGNED BECAUSE THE CORPORATION WAS BOUND TO RESPECT THE CONFIDENTIAL NATURE OF ALL APPLICATIONS.
ON THE PROGRESS OF WORK BY THE CORPORATION, MR. LI POINTED OUT THAT THE FORMATION OF LAND FOR STAGE I AT TAI PO ESTATE IS NOW SUBSTANTIALLY COMPLETE AND CONTRACTS HAVE BEEN LET FOR STAGE N.
HE WELCOMED THE RECENT APPROVAL BY THE EXECUTIVE COUNCIL OF THE CORPORATION'S PROPOSAL TO PROCEED WITH THE DEVELOPMENT OF THE SECOND ESTATE AT YUEN LONG AND HOPED THAT LOANS FROM THE DEVELOPMENT LOAN FUND WILL SHORTLY BE MADE AVAILABLE TO ENABLE CONSTRUCTION TO COMMENCE IN THE FIRST HALF OF THIS YEAR.
COMMENTING ON THE LEVEL OF DEMAND AND QUALITY OF APPLICANTS, MR. LI SAID THEY HAD NOT BEEN +AS HIGH AS WE MAY HAVE HOPED, PARTICULARLY FROM OVERSEAS, IT HAS NONETHELESS BEEN ENCOURAGING AND COMMENSURATE WITH THE SUPPLY OF LAND,+
HE NOTED THAT THE CORPORATION AND THE FORMER PROVISIONAL AUTHORITY IN ESTABLISHING THE SELECTION CRITERIA AND LEASE CONDITIONS WERE MINDFUL OF THE SPECIAL PURPOSE OF INDUSTRIAL ESTATES AND THE SPECIAL PRICE OF THE LAND AND HAVE THEREFORE SOUGHT BY STRICT IMPOSITION OF THE CRITERIA AND CONDITIONS TO PREVENT MISUSE AND SPECULATION SO AS TO ENSURE THAT THE BASIC OBJECTIVE OF BROADENING THE BASE OF INDUSTRY IS ACHIEVED.
+THE TASK THUS FACING THE CORPORATION IS FAR FROM EASY BUT IT BELIEVES THE COURSE ON WHICH IT HAS SET OUT TO BE THE RIGHT ONE AND THAT ONLY IF THE ULTIMATE OBJECTIVE WILL BE BETTER SERVED SHOULD THE PRESENT POLICIES BE MODIFIED,+ MR. LI SAID.
/+AT THE MOMENT,
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