THURSDAY, OCTOBER 21, 1982
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MR TSAO CALLED ON HONG KONG BUSINESSMEN TO CAREFULLY RE-EXAMINE HONG KONG AS A PLACE FOR INVESTMENT OR RE-INVESTMENT.
+ IN TIMES OF ECONOMIC RECESSION, EVERYTHING TENDS TO BE SOMEWHAT CHEAPER. INVESTORS TEND TO START LOOKING AT FUTURE INVESTMENT.
+HONG KONG IS NOW INDEED AN ATTRACTIVE PLACE TO INVEST IN. OUR WAGES AND INDUSTRIAL LAND PRICES ARE IN FACT LOWER THAN OUR MAIN COMPETITOR IN THIS FIELD (SINGAPORE). SO IN FACT ARE OUR UNIT COSTS,+ HE STATED.
PIECE GOODS AND TAILORING TO GO METRIC
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THE METRICATION COMMITTEE ANNOUNCED TODAY (THURSDAY) THAT FABRICS WILL BE SOLD IN METRES AS FROM NOVEMBER 1, FOLLOWING THE METRICATION OF PIECE GOODS AND TAILORING TRADES.
THESE TWO TRADES FOLLOW CLOSELY THE TAXI, OIL, GAS AND PLASTIC INDUSTRIES IN THE PROCESS OF ADOPTING METRIC UNITS.
+BUT IN ORDER TO GIVE WHOLESALERS, RETAILERS AND CONSUMERS AMPLE TIME TO ADJUST THEMSELVES TO THE NEW SYSTEM, THE IMPERIAL UNITS (YARDS) WILL BE CONCURRENTLY USED IN THE ENSUING SIX MONTHS OR SO,+ A METRICATION COMMITTEE SPOKESMAN SAID.
+WE HOPE THAT THIS MOVE WILL PREPARE THE PEOPLE AFFECTED FOR A COMPLETE CHANGEOVER BY MID-1983, + HE ADDED.
THE SPOKESMAN SAID THE CHANGEOVER TO METRIC BY THE PIECE GOODS AND TAILORING TRADES HAS BEEN MADE POSSIBLE BY THE PRODUCTION OF NECESSARY TOOLS.
METRE STICKS FOR MEASURING PIECE GOODS AND HALF-METRE TAILORING RULERS ARE NOW AVAILABLE AT THE EIGHT ASSOCIATIONS OF THE TWO TRADES.
HE THANKED THE ASSOCIATIONS AND THE PEOPLE IN THE TWO TRADES FOR THEIR SUPPORT AND CO-OPERATION IN ACCELERATING THE +GO METRIC+ PROCESS.
HE ADDED THAT SINCE ALL PIECE GOODS IMPORTS WERE ALREADY IN METRIC UNITS, PRICINGS AND CALCULATIONS FOR THE TWO TRADES WILL BE MUCH EASIER IF THE SAME UNITS ARE USED.
AS AN EFFECTIVE REMINDER TO THE TRADES, AWARENESS POSTERS AND CONVERSION CARDS HAVE BEEN PRODUCED BY THE METRICATION COMMITTEE, AND WILL BE DISTRIBUTED FREE TO RELEVANT SHOPS.
CONSUMERS TOO, WERE URGED TO MAKE A SPECIAL EFFORT IN PROMOTING THIS +EASY TO LEARN+ AND EASY TO USE SYSTEM.
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