XN000022-1978-01-16 — Page 3

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MONDAY, JANUARY 16, 1978

+I RATHER LIKE MR. WU'S IDEA OF 'BUY HONG KONG - THOUGH I'M GLAD THAT HE DOESN'T ADVOCATE GOING AS FAR AS OTHERS. HAVE. RAISING A TARIFF WALL BEHIND WHICH TO CONSTRUCT IMPORTS SUBSTITUTION INDUSTRIES IS A POLICY WITH PITFALLS. IF ANYONE SUFFERS IT'S ALWAYS THE CONSUMER.

+THE FIRST ESSENTIAL WOULD BE THAT MORE LOCAL MANUFACTURERS SHOULD BE PREPARED TO SELL IN HONG KONG, THE FEW WHO HAVE WORKED AT DEVELOPING LOCAL RETAIL SALES HAVE SHOWN THAT IT CAN BE DONE AND CAN BE PROFITABLE, AND CAN MAKE A WELCOME CONTRIBUTION TO THE IR PRODUCTION FLOW

+LADIES AND GENTLEMEN THE NAME OF THE WINNER OF THIS YEAR'S GOVERNOR'S AWARD IS CASSIA ELECTRONIC PRODUCTS LIMITED, AND THE WINNING PRODUCT IS A TRAVELLING DIGITAL ALARM CLOCK. THE JUDGES WERE OF THE OPINION THAT THE QUALITY OF THIS ITEM WOULD CONTRIBUTE SUBSTANTIALLY TO HONG KONG'S DESIGN REPUTATION IN OVERSEAS MARKETS, AND THAT ITS LIGHT WEIGHT, GOOD FINISH AND STREAMLINED DESIGN COMBINE TO MAKE IT AN IDEAL TRAVELLER'S TIME-KEEPER.

+I CONGRATULATE CASSIA ELECTRONIC AND WISH THEM SUCCESSFUL SALES OF THIS EXCELLENT PRODUCT.

+AND NOW, LADIES AND GENTLEMEN I HAVE GREAT PLEASURE IN ASKING THE REPRESENTATIVE OF CASSIA ELECTRONIC PRODUCTS LIMITED, TO COME FORWARD TO RECEIVE THE TROPHY.+

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