TUESDAY, MARCH 27, 1979
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THE COMPANY'S MANAGING DIRECTOR, MR. DAVID WILSON WHO ATTENDED THE AUCTION SAID LATER IT WAS INTENDED TO DEVELOP THE FO TAN SITE AS A WAREHOUSE AND DISTRIBUTION FACILITY FOR WATSON'S RETAILING OPERATIONS.
THE PRICE REALISED WAS THE EQUIVALENT OF $8,639 PER SQUARE
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METRE IN LINE WITH THE PRICES PAID AT AN AUCTION OF INDUSTRIAL SITES IN THE SAME AREA LAST DECEMBER.
THE ACTING SENIOR ESTATE SURVEYOR OF THE SHA TIN DISTRICT OFFICE, MR. DON SMITH WHO CONDUCTED THE AUCTION SAID TODAY'S PRICE REFLECTED AN EMERGING TREND IN WHICH LARGE COMPANIES WERE BUYING SITES IN THE DEVELOPING AREAS OF THE NEW TERRITORIES TO MEET FUTURE NEEDS.
+AT THE DECEMBER AUCTION, TWO SITES WITH CONDITIONS STIPULATING HEAVY FLOOR LOADING AND HIGH CEILINGS WERE BOUGHT BY A SILK WEAVING COMPANY, +HE SAID.
+THE SITE SOLD TODAY WAS A VERY GOOD ONE WITH ENTRANCES ON TWO SIDES AND ADJACENT TO THE PROPOSED CYCLE PATH NETWORK THAT WILL BE A MAIN FEATURE OF THE NEW TOWN, HE SAID.
+ INDUSTRIALISTS AND BUSINESS ORGANISATIONS ARE BECOMING INCREASINGLY CONSCIOUS OF THE ADVANTAGES OF SHA TIN, WITH ITS READY ACCESS TO BOTH THE URBAN AREAS AND THE OTHER DEVELOPING AREAS OF THE NEW TERRITORIES.+
MR. SMITH ADDED THAT THE GOVERNMENT PLANNED TO SELL ANOTHER THREE INDUSTRIAL SITES AT FO TAN BY TENDER TO HOLDERS OF LAND EXCHANGE ENTITLEMENT DOCUMENTS OVER THE NEXT THREE MONTHS.
FREE AFTERNOON CONCERT
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THE MUSIC ADMINISTRATOR'S OFFICE WILL GIVE A FREE CONCERT AT THE OCEAN TERMINAL CONCOURSE ON SUNDAY (APRIL 1) FROM 3 P.M. TO 4.30 P.M. MEMBERS OF THE PUBLIC ARE WELCOME TO ATTEND.
PERFORMING IN THE CONCERT WILL BE THE INSTRUCTOR'S ORCHESTRA FROM THE OFFICE, CONDUCTED BY MR. THOMAS WANG.
THE PROGRAMME WILL INCLUDE SOME FAMOUS PIECES SUCH AS +BLUE · DANUBE+, +VOICES OF SPRING+ AND EXCERPTS FROM THE SOUND OF MUSIC+.
IN ADDITION, THERE WILL BE BALLET DANCES AND A FILM SHOW ENTITLED +FESTIVÉ VIENNA+,
THE CONCERT IS JOINTLY SPONSORED BY THE AUSTRIAN CONSULATE GENERAL AND THE AUSTRIAN TOURIST ASSOCIATION.
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