XN000022-1990-02-27 — Page 3

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TUESDAY, FEBRUARY 27, 1990

"So, DESPITE THE EMIGRATION LOSSES, HONG KONG WELL-EDUCATED, WELL QUALIFIED PEOPLE THAN EVER BEFORE,

MR WIGGHAM POINTED OUT THAT AUSTRALIA TODAY LARGEST FOREIGN INVESTOR IN HONG KONG'S MANUFACTURING THAT A LOT OF AUSTRALIAN FIRMS AND INDIVIDUALS MONEY IN THE TERRITORY'S FUTURE.

HAD

HAS MORT

NOW HE SAID.

FIFTH AND

WAS THE

INDUSTRY, INVESTED THEIR

"TRADE BETWEEN HONG KONG AND AUSTRALIA IN 1989 WAS WORTH AROUND US$2 BILLION. AUSTRALIA IS THE NINTH LARGEST MARKET FOR HONG KONG EXPORTS,

RB- THE 10TH LARGEST MARKET FOR HONG KONG DOMESTIC EXPORTS, THE 14TH LARGEST SOURCE OF HONG KONG IMPORTS,

11 HE SAID.

AND

"TOTAL TRADE BETWEEN AUSTRALIA AND HONG KONG HAS INCREASED PER CENT PER ANNUM OVER THE PAST FIVE YEARS.

13

"HONG KONG'S PER CAPITA IMPORTS FROM AUSTRALIA ARE CALCULATED AT AUD 243 COMPARED WITH 74 FOR JAPAN, 18 FOR THE EEC AND 15 FOR UNITED STATES, HE ADDED.

"

"So AUSTRALIA IS IMPORTANT то HONG KONG AND INCREASINGLY, HONG KONG IS SEEN AS IMPORTANT TO AUSTRALIA,"

THE

PERHAPS

MR WIGGHAM

SAID.

METROPLAN

FLEXIBLE AND OPEN * * *

THE FINAL METROPLAN WILL NEED ΤΟ KEEP LOCATIONAL OPTIONS FOR KEY COMMERCIAL

OPEN A RANGE OF AND INDUSTRIAL ACTIVITIES LET MARKET FORCES IN THIS VERY OPEN

TO ECONOMY HAVE SECRETARY FOR PLANNING, ENVIRONMENT AND LANDS, MR GRAHAM BARNES,

WIDE CHOICE, THE TODAY (TUESDAY).

SAID

MR BARNES ALSO SAID HE RECOGNISED THE NEED RESERVATIONS FOR OTHER ESSENTIAL COMMUNITY USES.

FOR FIRMER LAND

SPEAKING AT A LUNCH MEETING OF THE FEDERATION INDUSTRIES, THE

OF HONG SECRETARY

KONG SAID BEARING IN MIND REASONABLE DEGREE OF

THE NEED FOR FLEXIBILITY,

A METROPLAN WOULD BE ADMINISTRATIVE BASIS, LEAVING STATUTORY PLANS TO BE

USED ON AN MORE LOCAL DISTRICT PLANNING LEVEL.

FORMULATED AT A

HE SAID THERE WERE A NUMBER OF PRINCIPAL

COMPONENTS OF THE

METROPLAN.

THE FIRST COMPONENT WAS A STRATEGIC MR BARNES ANTICIPATED THE NEED TO BUILD AND CENTRAL

LAND-USE

KOWLOON

TERMINALS AT WEST AIRPORT TRANSPORT NETWORK WITH THE METRO TRANSPORT NETWORK.

TRANSPORT PLAN. TWO MAJOR IN-TOWN AIRPORT AS CONNECTION OF THE NEW

/THE SECOND