XN000022-1985-10-07 — Page 8

MONDAY, OCTOBER 7, 1985

THE AREA INVOLVED IS 15 741 SQUARE METRES AT A PREMIUM OF $800 PER SQUARE METRE AND THE TOTAL LAND PREMIUM AMOUNTS TO $12 593 448. THE COMPANY, A SUBSIDIARY OF NIPPON HUME PIPE COMPANY LIMITED OF JAPAN, WILL PRODUCE PRETENSIONED SPUN HIGH STRENGTH CONCRETE PILES.

STATISTICS SHOW THAT OF THE 54.4 HECTARES OF INDUSTRIAL LAND AVAILABLE AT TAI PO ESTATE, 83 PER CENT HAS BEEN SOLD. AT YUEN LONG ESTATE, HOWEVER, 3.07 HECTARES OF THE TOTAL INDUSTRIAL LAND AREA HAS BEEN GRANTED MOSTLY LAST YEAR. APPLICATIONS FOR AN ADDITIONAL 6.7 HECTARES ARE BEING PROCESSED.

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WITH THE BIG DEMAND FOR LAND AT TAI PO THE PREMIUM THERE HAS INCREASED FROM $800 TO $950 PER SQUARE METRE.

ALSO PRESENT AT TODAY'S CEREMONY WERE THE MANAGING DIRECTOR OF NIPPON HUME, MR OSAMU TAKIYAMA, DIRECTORS OF THE COMPANY MR TAKESHI HIRAOKA, AND MR MINORU OKAWAUCHI, GENERAL MANAGER OF HKIEC, MR G.O. WHITTAKER, MANAGER OF HKIEC, MR FRANCIS LEUNG, AND FROM THE INDUSTRY DEPARTMENT, MR PAUL WONG, DEPUTY DIRECTOR, MR PHILIP MACKLEY, ASSISTANT DIRECTOR, AND MR C.L. CHU, PRINCIPAL CONSULTANT.

HK TEAM RETURNING ***

THE HONG KONG TEAM ATTENDING THE SECOND INTERNATIONAL ABILYMPICS FOR THE DISABLED AT COLOMBIA, SOUTH AMERICA, WILL RETURN TO HONG KONG ON WEDNESDAY (OCTOBER 9). THEY WILL TRAVEL ON SQ 1, ETA 8.10 AM.

THE TEAM, WHICH WON THREE GOLD, ONE SILVER AND ONE BRONZE MEDALS DURING THE ABILYMPICS, WILL MEET THE PRESS AT THE AIRPORT PRESS ROOM ON ARRIVAL. THE COMMISSIONER FOR REHABILITATION, MR MARTIN LEWIS, WHO IS A MEMBER OF THE DELEGATION, WILL ALSO BE PRESENT.

YOU ARE INVITED TO COVER THE EVENT.

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