XN000022-1987-11-25 — Page 3

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WEDNESDAY, NOVEMBER 25, 1987

PROGRESS ON THE SHE SAID SHE WAS PLEASED TO REPORT EXCELLENT

THE TOPPING OUT OF PROJECT. FARLIER TILES MONTH, THE TDC CELEBRATED

THE THE SIN-STOREY PODIUM JUST A LITTLE OVER A YEAR AFTER HER MAJESTY QUEEN LAID THE FOUNDATION STONE.

"WE ARE WELL ON SCHEDULE FOR OPENING AT THE END OF NEXT YEAR, SHE SAI1).

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THIS MAGNIFICENT (ENTRE

INCLUDING TWO ACCOMMODATING 16,000 POSITION

WITH A TOTAL AREA OF OVER 400,000 SQUARE METRES, 9,000-SQUARE METRE EXHIBITION HALLS CAPABLE OF PEOPLE, THE CENTRE WOULD ENABLE HONG KONG TO CLAIM A LEADING IN THE INTERNATIONAL CONVENTION AND EXHIBITION BUSINESS.

MARKETING MAJOR

TILE MANAGEMENT HAS ALREADY EMBARKED ON AN EXTENSIVE

200 PROGRAMME AND ALREADY REPORTS CONFIRMED BOOKINGS OF ALMOST INTERNATIONAL, CONVENTION EVENTS OF MORE THAN ONE DAY," SHE SAID.

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INDUSTRIAL ESTATES CORPN REPORTS GOOD YEAR

THE HONG KONG INDUSTRIAL ESTATES CORPORATION HAS DISPOSED OF ABOUT 10,7 HECTARES OF LAND THROUGH 16 AGREEMENTS FOR LEASE IN THE PAST YEAR, AND THIS NEARLY DOUBLES THE AVERAGE ANNUAL FIGURE ACHIEVED OVER THE 10 YEARS OF THE CORPORATION'S EXISTENCE.

THE HON STEPHEN CHEONG SAID THIS IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY) WHEN PRESENTING THE HONG KONG INDUSTRIAL ESTATES CORPORATION ANNUAL REPORT FOR 1986-87. MR CHEONG IS THE CHAIRMAN OF THE CORPOR AT JON'S BOARD OF DIRECTORS.

NOTING THAT LAND SALES AT THE YUEN LONG INDUSTRIAL ESTATE HAD EXCEEDED THOSE AT THE TAI PO INDUSTRIAL ESTATE FOR THE FIRST TIME, MR CHILONG SAID THAT, WITH THE GOVERNMENT'S AMBITIOUS PLANS FOR UPGRADING THE INFRASTRUCTURE OF THE NORTHWEST NEW TERRITORIES, HE WAS SURE YUEN LONG WOULD PROVE TO BE AN INCREASINGLY ATTRACTIVE LOCATION FOR BOTH POREIGN AND DOMESTIC INVESTORS.

DURING THE YEAR, SIX SINGLE-STOREY STANDARD FACTORIES HAD BEEN COMPLE D AND ALL WERE OCTUP|KD BY THE END OF 1986.

TO ASSIST THOSE MANUFACTURERS WHO WISHED TO START PRODUCTION WITH A MINIMUM OF DELAY, TWO MORE UNITS WERE TO BE BUILT AT YUEN LONG AND THESE SHOULD BE READY FOR OCCUPATION BY THE END OF 1988, HE ADDED.

THANKS TO THE FAVOURABLE RESULTS ACHIEVED DISPOSAL., THE CORPORATION MADE A SUBSTANTIAL DEVELOPMENT LOAN FUND OF $112.3 MILLION.

IN TERMS OF LAND REPAYMENT ΤΟ

THE

/"ALSO, LAND