XN000022-1981-11-11 — Page 28

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WEDNESDAY, NOVEMBER 11, 1981

HONG KONG SUPPORTER PRAISED

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THE DIRECTOR OF TRADE INDUSTRY AND CUSTOMS, MR BILL DORWARD TODAY (WEDNESDAY) PAID TRIBUTE TO A GERMAN MAIL ORDER FIRM AND ITS CHAIRMAN FOR HELPING TURN THE FEDERAL REPUBLIC OF GERMANY INTO HONG KONG'S SECOND LARGEST MARKET.

SPEAKING AT A RECEPTION TO MARK THE OPENING OF THE NEW OFF ICE OF OTTO VERSAND, MR DORWARD SAID THAT UP TO AUGUST THIS YEAR HONG KONG EXPORTS TO THE FEDERAL REPUBLIC OF GERMANY EXCEEDED $4.5 THOUSAND MILLION. THIS WAS MORE THAN TEN TIMES THE FIGURE FOR THE WHOLE OF 1966, THE YEAR IN WHICH THE COMPANY ESTABLISHED ITS FIRST OFFICE IN HONG KONG.

+ IMPRESSIVE THOUGH THAT FIGURE IS, IT MAKES THE FIRST TIME SINCE THE TROUBLED DAYS OF 1967 THAT HONG KONG EXPORTS TO GERMANY HAVE SHOWN A DECLINE, YEAR ON YEAR, WE ARE LAGGING ABOUT SIX PER CENT UNDER EXPORT PERFORMANCE IN 1980, A REFLECTION OF DEPRESSED MARKET CONDITIONS IN GERMANY.

+ IT IS ALL THE MORE REMARKABLE, THEREFORE, THAT I UNDERSTAND OTTO VERSAND WILL, IN 1981, HAVE THEIR BEST YEAR EVER FOR PURCHASES IN HONG KONG AND THAT THESE WILL BE VALUED AT SOMETHING LIKE $350 MILLION, HE SAID.

MR DORWARD PRAISED DR MICHAEL OTTO, THE CHAIRMAN OF THE BOARD, FOR BEING ONE OF THE CLEAREST AND MOST OUTSPOKEN ADVOCATES OF LIBERAL TRADE POLICIES IN HIS NATIVE COUNTRY AND IN EUROPE AT LARGE.

TWO NEW ROADS OPENING IN TSIM SHA TSUI EAST

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TWO NEW ROADS IN TSIM SHA TSUI EAST - SCIENCE MUSEUM ROAD AND GRANVILLE ROAD - WILL BE OPENED TO TRAFFIC FROM 10 AM ON FRIDAY (NOVEMBER 13).

AT THE SAME TIME, NEW TRAFFIC ARRANGEMENTS WILL BE INTRODUCED IN THE AREA.

CHING HAY STREET AND SECTIONS OF GRANVILLE ROAD AND SCIENCE MUSEUM ROAD WILL BE DESIGNATED AS URBAN CLEARWAYS.

THE EXISTING URBAN CLEARWAY IN CHING YEE ROAD WILL BE ADJUSTED TO COVER ONLY THE SECTION BETWEEN CHATHAM ROAD AND A POINT ABOUT 140 METRES TO THE EAST OF ITS JUNCTION WITH CHATHAM ROAD AND THE SECTION BETWEEN SCIENCE MUSEUM ROAD AND A POINT ABOUT 130 METRES TO THE WEST OF ITS JUNCTION WITH SCIENCE MUSEUM ROAD.

WITHIN THE CLEARWAYS, NO VEHICLES WILL BE ALLOWED TO STOP FOR PASSENGERS OR GOODS FROM 7 AM TO 7 PM DAILY.

TURNING RIGHT FROM CHATHAM ROAD INTO GRANVILLE ROAD WILL BE DISALLOWED AS WILL TRAFFIC FROM GRANVILLE ROAD INTO CHATHAM ROAD.

TRAFFIC SIGNS WILL BE PUT UP TO GUIDE MOTORISTS.