XN000022-1989-02-23 — Page 5

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THURSDAY, FEBRUARY 23, 1989

1987, ACCORDING

TO THE

OF AT THE END SURVEY, THERE WERE A TOTAL OF 593 COMPANIES WITH

INDUSTRY DEPARTMENT OVERSEAS INVESTMENT

INTEREST IN HONG KONG, REPRESENTING A 9.6 PER CENT INCREASE OVER 1986.

ADDED, MACLEOD

HALF WERE NEARLY ARRANGEMENT WHICH AN

PROVIDED THE MERGING OF THE RESPECTIVE

OF THESE 593 COMPANIES, MR JOINT-VENTURES WITH LOCAL PARTNERS, PARTICULARLY GOOD OPPORTUNITIES FOR EXPERIENCE AND EXPERTISE OF LOCAL AND OVERSEAS COMPANIES.

KONG, MR MACLEOD SAID TALKING ABOUT THE ATTRACTIONS OF HONG

OUR INVESTMENT HAD PRAISED HAD WHO INVESTORS ENVIRONMENT AND THE ENTREPRENEURIAL SPIRIT OF OUR PEOPLE.

MANY

COME HERE

ENVIRONMENT "THIS FAVOURABLE

IS

BY SUPPORTED

A GOVERNMENT FRAMEWORK, BOTH ENTERPRISES CAN OPERATE

WHICH ADOPTS A PRAGMATIC APPROACH TO ENSURE A STABLE

WITHIN WHICH PRIVATE LEGAL AND PHYSICAL, EFFICIENTLY AND SUCCESSFULLY.

"INTERVENTION IS KEPT TO THE MINIMUM AND IS UNDERTAKEN ONLY IT IS CLEARLY IN THE INTERESTS OF THE ECONOMY," HE STRESSED.

IF

DEPARTMENT WITH

TODAY'S SEMINAR WAS ORGANISED BY THE INDUSTRY ASSISTANCE FROM THE HONG KONG GENERAL CHAMBER OF COMMERCE.

AMONG THE SPEAKERS WERE YEUNG, WHO PRESENTED A SLIDE SHOW OVERSEAS INVESTORS.

THE

DIRECTOR OF INDUSTRY, ON HOW

HONG

CAN

KONG

MR K.Y. WORK FOR

SPEAKERS OTHER

WERE THE

VICTOR DR

CHAIRMAN

WHOSE FUNG,

PRUDENTIAL SPEECH DESCRIBED

THE MANAGING LOH, WHO SHARED

INVESTMENTS LIMITED, UPGRADING RELATIONSHIP BETWEEN HONG KONG AND CHINA; AND

MR HOGAN DIRECTOR OF INTERPAC CONTAINERS LIMITED, HIS EXPERIENCE AS AN INVESTOR IN HONG KONG WITH PARTICIPANTS.

OF

ASIA

THE

DOCTOR FINED $250,217 FOR MAKING INCORRECT TAX RETURN

THE INLAND REVENUE DEPARTMENT HAS REMINDED TAXPAYERS THAT MUST FILE CORRECT TAX RETURNS.

PROSECUTION

FOR

THEY

IN

INCORRECT

OF THE

OF A MEDICAL PRACTITIONER THIS FOLLOWS THE

AN MAKING (THURSDAY} TSUEN WAN DISTRICT COURT TODAY RETURN WITHOUT REASONABLE EXCUSE CONTRARY TO SECTION 80(2)(A) INLAND REVENUE ORDINANCE.

WONG THE PRACTITIONER, DR

TUNG-KIN,

PLEADED GUILTY

ΤΟ

THE

CHARGE BEFORE JUDGE FUNG.

HE WAS FINED A TOTAL OF $250,217, THE IMPOSED UNDER THE SECTION.

MAXIMUM

THAT COULD BE

THE COURT ............