XN000022-1979-03-20 — Page 3

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TUESDAY, MARCH 20, 1979

+THE GOVERNMENT WELCOMES THIS SIGNIFICANT ADDITION TO OUR SHIPPING INDUSTRY AND THE INVESTMENT THAT GOES WITH IT MR. AKERS-JONES SAID.

+TSING YI IS A MUCH BETTER LOCATION FOR SHIP BUILDING AND REPAIRING THAN THE CENTRAL HARBOUR AREA BECAUSE IT IS SITUATED ON THE WESTERN APPROACH TO THE HONG KONG HARBOUR.+

TSING YI ISLAND ALREADY HAS THREE DOCKYARDS UNDER CONSTRUCTION, A POWER STATION AND OTHER INDUSTRIES INCLUDING THOSE SET UP BY DOW CHEMICAL, OUTBOARD MARINE, CHEMSYN AND THE FEOSO OIL STORAGE DEPOT.

+THESE PROJECTS REPRESENT INVESTMENTS OF HUNDREDS OF MILLIONS OF DOLLARS IN HONG KONG AND SHOULD BE OF GREAT LONG-TERM BENEFIT,+ MR. AKERS-JONES NOTED.

HE POINTED OUT THAT THE INDUSTRIAL DEVELOPMENT OF TSING YI WAS BEING ACCOMPANIED BY HOUSING AND OTHER COMMUNITY FACILITIES AS PART OF THE BALANCED OVERALL DEVELOPMENT OF TSEUN WAN AS A NEW TOWN.

THE PROJECTED POPULATION ON THE ISLAND IS ABOUT 190,000 PEOPLE BY THE MID-1980'S.

→THE INDUSTRIAL PLANTS ON THE ISLAND WILL NO DOUBT PROVIDE MANY EMPLOYMENT OPPORTUNITIES FOR THOSE WHO WILL LIVE THERE,+ MR. AKERS-JONES ADDED.

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