XN000022-1986-12-15 — Page 7

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MONDAY, DECEMBER 15, 1986

ON JAPANESE INVESTMENT, MR YEUNG SAID OF THE TOTAL VALUE OF JAPANESE INVESTMENT IN HONG KONG ESTIMATED AT U.S. $2 799 MILLION ONLY U.S. $380 MILLION WAS IN MANUFACTURING AND WAS DISAPPOINTINGLY SMALL.

HE SAID HONG KONG'S POLICIES ON FOREIGN INVESTMENT WERE NOT ONLY STABLE BUT ALSO NON-DISCRIMINATORY AS BETWEEN FOREIGN AND DOMESTIC INVESTORS.

+THE FACT IS THAT WE MAINTAIN AN OPEN AND SIMPLE SYSTEM, WITH MINIMAL REGULATION OVER ANY BUSINESS.+

WITH THE ESTABLISHMENT OF A PRECISION TOOLING TRAINING CENTRE, WITH CONSULTANCY SERVICES FOR PRECISION TOOLING ABOUT TO BE PROVIDED, AND APPROPRIATE TRAINING FOR ASIC DESIGNERS ABOUT TO BE LAUNCHED, IT WAS HOPED THAT MORE JAPANESE COMPANIES WOULD SERIOUSLY CONSIDER SETTING UP OPERATIONS HERE, MR YEUNG SAID.

ENVIRONMENTAL NUISANCES UNDER DB SCRUTINY *****

THE ENVIRONMENT COMMITTEE OF THE MONG KOK DISTRICT BOARD WILL DISCUSS PROBLEMS ASSOCIATED WITH COOKED FOOD STALLS IN THE MONG KOK WEST AREA AT ITS MEETING TOMORROW (TUESDAY).

A SURVEY CONDUCTED BY THE AREA COMMITTEE IDENTIFIED SUCH PROBLEMS AS FIRE HAZARD, OBSTRUCTION OF PAVEMENT, BLOCKAGE OF PUBLIC DRAINS AND NOISE NUISANCE.

MEMBERS WILL ALSO EXPRESS VIEWS ON THE LATE NIGHT NOISE NUISANCE CAUSED BY TAXI DRIVERS IN FA YUEN STREET AND PLAYING FIELD ROAD.

ALSO TO BE DISCUSSED ARE GENERAL TAXI POLICY AND A COMPLAINT ON PROBLEMS ARISING FROM ILLEGAL HAWKING ACTIVITIES IN ARGYLE STREET OPPOSITE MONG KOK MARKET.

NOTE TO EDITORS.

YOU ARE INVITED TO COVER THE ENVIRONMENT COMMITTEE MEETING BEGINNING AT 2.30 PM TOMORROW IN THE CONFERENCE ROOM OF MONG KOK DISTRICT OFFICE, FIRST FLOOR, 157 PRINCE EDWARD ROAD, KOWLOON.

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