XN000022-1989-01-11 — Page 24

WEDNESDAY, JANUARY 11, 1989

22

OBJECTIVE OF THE

MR CHEONG ALSO SAID THAT, ALTHOUGH THE MAIN CORPORATION WAS NOT TO DISPOSE OF INDUSTRIAL LAND WITH MAXIMUM PROFIT, THE BOARD CONSIDERED IT PRUDENT TO REVIEW ITS LAND TO TIME HAVING REGARD TO MARKET TRENDS.

PREMIA FROM TIME

FOR

TWO ESTATES WERE INCREASED CONSEQUENTLY, THE PREMIA ON THE MODERATELY LAST AUGUST. THEY NOW STOOD AT $1,250 PER SQUARE METRE SITES ON THE TAI PO ESTATE AND $1,100 AT YUEN LONG, HE SAID.

ALSO CONSCIOUS OF THE

VERY CLOSELY WORKED

ENSURING THAT

HE SAID THE CORPORATION WAS PROTECT THE ENVIRONMENT AND ENVIRONMENTAL UNDERSTOOD WHAT WAS REQUIRED OF THEM AT AN EARLY STAGE.

PROTECTION

DEPARTMENT

IN

NEED TO WITH THE APPLICANTS

AND THESE

"A SET OF GUIDELINES HAS BEEN IN USE FOR SOME YEARS

YEAR. THEY ARE BOTH WERE CAREFULLY REVIEWED AND UPDATED DURING THE

GOVERNMENT, PRACTICABLE FOR THE INDUSTRIALISTS AND ACCEPTABLE TO THE HE SAID.

用中

WHICH HE DESCRIBED AS TURNING TO THE PROSPECTS FOR 1988-89,

NINE PROMISING, MR CHEONG SAID THAT THE CORPORATION HAD, IN THE FIRST

10 HECTARES TO 11 THE

SITES TOTALLING MONTHS OF

YEAR, GRANTED

AVERAGE APPLICANTS; AND THE PROJECTS AND PROPOSED INVESTMENTS WERE ON LARGER THAN BEFORE.

HE NOTED THAT THREE SIZEABLE PROJECTS ON THE YUEN TAKEN TOGETHER REQUIRED

FIVE TOTALLING $1,000 MAJOR OVERSEAS GROUPS.

OF HECTARES

MILLION,

LAND AND ALL

LONG ESTATE AND WOULD INVOLVE THREE CAME FROM

INVESTMENTS

CONTINUITY IN THE

OF SUPPLY THE CORPORATION HAD ASKED DEVELOP A THIRD

MR CHEONG SAID THAT, TO ENSURE INDUSTRIAL LAND FOR SELECTED APPLICANTS, THE GOVERNMENT TO CONSIDER GRANTING IT A SITE TO ESTATE.

"THIS HAS BEEN ENDORSED IN PRINCIPLE BY THE AND CONSULTANTS ARE NOW CARRYING OUT A FEASIBILITY SITE TO BE RECLAIMED TO THE SOUTHEAST OF JUNK BAY,

THE

CORPORATION

HAD

"

EXECUTIVE STUDY OF

HE ADDED.

COUNCIL A LARGE

NOTICED

A

MR CHEONG SAID THAT DEMAND FOR SITES FROM THE SUPPORTING AND LINKAGE INDUSTRIES PAST FEW YEARS.

GROWING OVER THE

"THIS IS CONTINUING PARTICULARLY AS THE

HE SAID. QUALITY COMPONENTS BUILDS UP,

REQUIREMENT FOR HIGH

CERTAINLY

BROADEN HONG KONG'S "SUCH INDUSTRIES

WORK FORCE THROUGH THE INDUSTRIAL BASE AND BRING NEW SKILLS TO OUR APPLICATION OF THE LATEST AUTOMATED PRODUCTION TECHNIQUES.

то HELP

"I BELIEVE THAT THE CORPORATION'S INDUSTRIAL ESTATES

AND OTHER HIGH SUITED TO MEET THE REQUIREMENTS OF THESE INDUSTRIES IN THE YEARS AHEAD.'

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