XN000022-1987-06-26 — Page 15

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FRIDAY, JUNE 26, 1987

THE REPORT IS

ENGLISH AND CHINESE. THE THE NARCOTICS DIVISION, QUEENSWAY GOVERNMENT

PUBLISHED IN BOTH ENGLISH EDITION IS NOW AVAILABLE AT GOVERNMENT SECRETARIAT, 23RD FLOOR, HIGH BLOCK, OFFICES, 66 QUEENSWAY, HONG KONG.

THE CHINESE EDITION OF THE REPORT IS BEING PREPARED AND WILL BE AVAILABLE SOON.

DESIGN COMPANY EARNINGS SURPASS FORECAST

THE HONG KONG DESIGN INNOVATION COMPANY WHICH WAS LAUNCHED BY THE GOVERNMENT WITH PUBLIC FUNDS TO PROMOTE PRODUCT INNOVATION HAD EARNED OVER $1.4 MILLION IN FEES LAST YEAR, AGAINST AN ORIGINAL FORECAST OF ONLY $330,000, THE SECRETARY FOR TRADE AND INDUSTRY, MR HAMISH MACLEOD SAID, AT THE PRESENTATION CEREMONY OF THE 1987 HONG KONG NEW PRODUCTS COMPETITION TODAY (FRIDAY).

SAID MR MACLEOD: "THE COMPANY HAS NOW BEEN OPERATING FOR OVER A YEAR AND PROVIDING MEDIUM SIZED AND SMALL MANUFACTURING BUSINESS WITH A FULL RANGE OF DESIGN CONSULTANCY SERVICES.

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MR MACLEOD MAINTAINED THAT WITH THE INCREASING DEMAND FOR ORIGINALITY AND QUALITY IN HONG KONG'S OVERSEAS MARKETS, THE SHIFT TOWARDS PRODUCT DIVERSIFICATION THROUGH INNOVATION HAS BEEN NOTICEABLE IN ALL INDUSTRIES.

THE HONG KONG NEW PRODUCTS COMPETITION, ORGANISED BY THE CHINESE MANUFACTURERS' ASSOCIATION, IS IN ITS 17TH YEAR. THE KINNER OF THE SECRETARY FOR TRADE AND INDUSTRY AWARD IS AKEI PLASTIC MACHINE MANUFACTURING LTD. THE PRODUCT IS AN AUTOMATIC BLOW MOULDING MACHINE, WITH WALL THICKNESS PROGRAMMING CONTROL.

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