XN000022-1985-04-25 — Page 11

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THURSI. APRIL 25, 1985

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U.S. INVESTORS TOLD ABOUT UNIQUE OFFER'

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HONG KONG WAS PERFECTLY PLACED TO OFFER A UNIQUE SERVICE TO FOREIGN BUSINESSMEN SEEKING TO ESTABLISH CONTACTS WITH CHINA FOR THE FIRST TIME AS THE TERRITORY HAD A LONG HISTORY OF DOING BUSINESS WITH CHINA, THE DIRECTOR OF INDUSTRY, MR JOHN YAXLEY SAID.

HE WAS ADDRESSING THE HONG KONG BAY AREA ASSOCIATION IN SAN FRANCISCO TODAY (THURSDAY).

MR YAXLEY IS CURRENTLY IN SAN FRANCISCO AS PART OF HIS MONTH-LONG PROMOTIONAL TOUR TO THE UNITED KINGDOM, EUROPE AND THE UNITED STATES WHICH STARTED AT THE BEGINNING OF THIS MONTH.

THE DIRECTOR ALSO HAD DISCUSSIONS WITH THE OFFICIALS OF THE U.S. DEPARTMENT OF COMMERCE IN SAN FRANCISCO AND VISITED THE SILICONIX INC. IN SILICON VALLEY.

SILICONIX IS A LEADING HIGH-TECHNOLOGY COMPANY MANUFACTURING ADVANCED SEMI-CONDUCTOR DEVICES. THE COMPANY HAS HAD A SUBSTANTIAL MANUFACTURING OPERATION IN HONG KONG FOR OVER TEN YEARS.

MR YAXLEY ALSO VISITED HIS DEPARTMENT'S INDUSTRIAL PROMOTION OFFICE IN SAN FRANCISCO,

HE IS SCHEDULED TO RETURN TO HONG KONG ON SUNDAY.

EMPLOYERS URGED TO SUBMIT RETURNS

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EMPLOYERS ARE REMINDED TO COMPLETE AND SUBMIT THE RETURN OF REMUNERATION AND PENSIONS BEFORE APRIL 30,

MORE THAN 58 000 EMPLOYER'S RETURNS FOR THE YEAR ENDED MARCH 31, 1985 HAVE BEEN ISSUED TO EMPLOYERS AT THE BEGINNING OF THIS MONTH, A SPOKESMAN FOR THE INLAND REVENUE DEPARTMENT SAID TODAY (THURSDAY).

*EMPLOYERS IN HONG KONG ARE REQUIRED TO PROVIDE US ACCURATE INFORMATION CONCERNING THEIR EMPLOYEES AND PARTICULARS OF EMPLOYEES' INCOME INCLUDING SALARY, COMMISSION, BONUS, ALL OTHER REWARDS, ALLOWANCES OR PERQUISITES, ETC.,+ HE SAID.

THE SPOKESMAN WARNED THAT FAILURE TO SUBMIT THE COMPLETED RETURNS ITHIN THE PRESCRIBED PERIOD IS AN OFFENCE AND MAY RESULT IN THE IMPOSITION OF ENALTIES.

/HEAVY PENALTIES

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