XN000022-1986-07-01 — Page 11

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TUESDAY, JULY 1, 1986

ON THE ADVANTAGES WHICH HONG KONG HAD TO OFFER AS AN OPEN ECONOMY, MR YEUNG SAID PRICES AND WAGES IN HONG KONG WERE INFLUENCED EXCLUSIVELY BY MARKET FORCES.

THERE WERE ALSO READY AVAILABILITY OF CAPITAL AND A RANGE OF HIGHLY EFFICIENT SUPPORTING SERVICE INDUSTRIES, HE SAID.

THE GOVERNMENT FIRMLY BELIEVED IN ALLOWING BUSINESSMEN TO GET ON WITH THEIR BUSINESSES. BUT ALSO INVESTED HEAVILY IN MANPOWER TRAINING, CAPITAL INFRASTRUCTURE AND INDUSTRIAL SUPPORT FACILITIES, HE ADDED.

EASTERN DISTRICT SETS UP TENDER BOARD *****

A TENDER BOARD HAS BEEN SET UP UNDER THE EASTERN DISTRICT BOARD TO SELECT PRIVATE CONTRACTORS TO CARRY OUT MINOR ENVIRONMENTAL IMPROVEMENT PROJECTS IN THE DISTRICT.

+ THE BOARD IS ACCOUNTABLE TO THE ENVIRONMENTAL IMPROVEMENT COMMITTEE OF THE DISTRICT BOARD REGARDING TENDERING MATTERS FOR MINOR ENVIRONMENTAL IMPROVEMENT PROJECTS WITHIN THE RANGE OF $2 000 AND $50 000,+ A SPOKESMAN FOR THE EASTERN DISTRICT OFFICE SAID.

+THE FIRST JOB IS THE PURCHASE OF FLOWERS AND PLANTS FOR THE SITTING-OUT AREA AT LYEMUN BARRACKS, THE SPOKESMAN SAID.

+MEANWHILE, THE EASTERN DISTRICT OFFICE IS PLANNING TO COMPILE A LIST OF CONTRACTORS CAPABLE OF SUPPLYING PEAT AND PLANTS, AND FLOWER POTS, AS WELL AS SIMPLE CIVIL WORKS AND ELECTRICAL AND MECHANICAL WORKS,+ HE CONTINUED.

INVITATION LETTERS WILL BE SENT TO CONTRACTORS ON THE RELEVANT LIST WHEN THE COMMITTEE HAD DECIDED ON THE NEED TO FARM OUT ITS PROJECTS TO PRIVATE CONTRACTORS.

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