XN000022-1985-04-01 — Page 7

MONDAY, APRIL 1, 1985

NEW DISTRICT BOARD ELECTS CHAIRMAN

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MR HO TUNG-CHING WAS ELECTED CHAIRMAN OF THE NEW KWAI CHUNG AND TSING YI DISTRICT BOARD AT ITS FIRST MEETING TODAY (MONDAY).

THE BOARD WILL HOLD ITS SECOND MEETING AT 2.30 PM TOMORROW (TUESDAY).

MEMBERS OF THE PUBLIC ARE WELCOME TO ATTEND THE MEETING TO BE HELD IN THE CONFERENCE ROOM OF THE KWAI CHUNG AND TSING YI DI STRICT OFFICE ON THE 10TH FLOOR OF THE KWAI HING GOVERNMENT OFFICES, HING FONG ROAD, KWAI CHUNG.

HONG KONG DISPLAY LAUNCHED IN LONDON

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THE HONG KONG GOVERNMENT TODAY (MONDAY) LAUNCHED A GRAPHIC DISPLAY IN LONDON, SHOWING THAT BUSINESS IS CONTINUING AS USUAL IN HONG KONG, FOLLOWING THE SIGNING OF THE AGREEMENT ON ITS FUTURE.

IS THE DISPLAY, ENTITLED +HONG KONG INTO THE FUTURE+ BEING MOUNTED AT THE LONDON HEADQUARTERS OF THE INSTITUTE OF DIRECTORS.

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IT SHOWS THE BUSINESS COMMUNITY IN BRITAIN THAT HONG KONG REMAINS A DYNAMIC CITY, ATTRACTIVE TO INVESTORS AS A HIGH TECHNOLOGY INDUSTRIAL CENTRE, A FINANCIAL CENTRE AND MARKET IN ITS OWN RIGHT, AND A SPRINGBOARD FOR TRADE WITH CHINA AND COUNTRIES IN SOUTH EAST ASIA.

+AS EVIDENCE OF THE RESILIENCE OF THE HONG KONG PEOPLE, INDUSTRIAL PRODUCTION IN THE TERRITORY GREW BY NEARLY ONE HALF BETWEEN 1982 AND 1984, IN SPITE OF WORLD RECESSION AND UNCERTAINTY THEN ABOUT THE OUTCOME OF THE TALKS ON 1997,+ THE HONG KONG COMMISSIONER IN LONDON, MR COLVYN HAYE SAID TODAY.

HE SAID MANY FOREIGN INVESTORS HAD BEEN INCREASING THEIR STAKE IN HONG KONG DURING THE PREVIOUS TWO YEARS, AND THE TREND WAS CONTINUING IN 1985.

THE TIME IS RIPE FOR BRITISH BUSINESSMEN TO CAPITALISE ON THE TRADITIONAL LINKS WITH THE TERRITORY, THE CONDUCIVE BUSINESS ENVIRONMENT WHICH PREVAILS AS A RESULT OF THE HONG KONG GOVERNMENT'S NON-INTERVENTIONIST POLICY AND THE PROSPECTS FOR GROWTH ARISING FROM THE COMMITMENT TO STABILITY AND PROSPERITY WRITTEN INTO THE AGREEMENT, HE SAID.

MR HAYE TODAY VIEWED THE DISPLAY WITH A NUMBER OF PROMINENT BRITISH BUSINESSMEN AND THE EXECUTIVE DIRECTOR OF THE INSTITUTE OF DIRECTORS, MR STUART WATSON.

/THE SUBJECTS