XN000022-1991-03-15 — Page 7

FRIDAY, MARCH 15, 1991

OF

THE

(MARCH 15) AND UNTIL FURTHER **WITH EFFECT FROM 15:00 TODAY

UNDER SECTION 2(1) NOTICE, THE FINANCIAL SECRETARY HAS GRANTED, THE ORDER, ALL PERMISSIONS NECESSARY TO ENABLE PERSONS SUBJECT TO ORDER TO CARRY OUT DIRECTIONS GIVEN BY KUWAITI ENTITIES," HE SAID.

PRESENT

TO

PERMISSIONS

ONLY RELATE HE POINTED OUT THAT THE

ON IRAQI ASSETS ARE STILL IN KUWAITI ASSETS AND THE RESTRICTIONS

ΤΟ HAVE TO BR PLACE. "WHERE APPLICABLE, APPLICATIONS WILL CONTINUE

TO IRAQI MADE TO THE FINANCIAL SECRETARY FOR PERMISSIONS IN RELATION ASSETS.

TT

EXPECTED THAT AN THE ORDER ITSELF REMAINS IN FORCE BUT IT IS

BE

AT PASSED

THE THAT

NEXT ORDER PARTIALLY REVOKING

ORDER WILL

EXPECTED MEETING OF THE PRIVY COUNCIL ON APRIL 16. AT THAT TIME IT IS

REMAIN IN PLACE, HE THAT RESTRICTIONS IMPOSED ON IRAQI ASSETS WILL ADDED.

HK CAN BE REGIONAL BASE FOR PRINTING INDUSTRY

*

AS

FROM

WHICH OVERSEAS MARKETS IN THE WONG, SAID THIS

BASE A REGIONAL HONG KONG CAN ACT

POTENTIAL EXPLORE HUGE PRINTERS AND SUPPLIERS CAN REGION, THE ACTING DIRECTOR OF INDUSTRY, MR WILFRED (FRIDAY) MORNING.

MR

F SPEAKING AT AN INTERNATIONAL SEMINAR ON "PRINTING IN ASIA"

IN THE WONG SAID THIS WAS BECAUSE OF HONG KONG'S FAVOURABLE LOCATION ASIA-PACIFIC REGION, AND ITS LONG-ESTABLISHED POLICIES OF FREE AND FREE ENTERPRISE.

MR WONG SAID THE PRINTING INDUSTRY HAD LAST THREE DECADES.

TRADE

GROWN RAPIDLY IN THE

IN

$3,554

THE VALUE OF HONG KONG'S DOMESTIC EXPORTS OF PRINTED MATTER 1960 WAS ABOUT $32 MILLION. IN 1990, THE EQUIVALENT FIGURE WAS MILLION, REPRESENTING AN ANNUAL AVERAGE GROWTH RATE OF 17 PER CENT.

IN THE

1988,

LATEST YEAR FOR INDUSTRY'S GROSS

WHICH OUTPUT

10 YEARS UP ΤΟ

THE THE AVAILABLE, PRODUCTION STATISTICS WERE INCREASED AT AN AVERAGE ANNUAL RATE OF 21 PER CENT.

KONG'S

NEARLY 37,500 EMPLOYER IN THE

MR WONG SAID THE PRINTING INDUSTRY NOW EMPLOYED

SIXTH LARGEST WORKERS AND HAD BECOME HONG MANUFACTURING SECTOR,

"IT IS ONE OF THE FEW INDUSTRIES IN WHERE EMPLOYMENT IS RISING.

THE MANUFACTURING

SECTOR

PER UNIT OF "MORE IMPORTANTLY, THE PERCENTAGE OF VALUE ADDED

PRINTING INDUSTRY OUTPUT,

IS HIGHER IN THE AT JUST OVER 40 PER CENT,

AND IS THAN IN THE OTHER MAJOR MANUFACTURING INDUSTRIES IN HONG KONG,

OF ABOUT 26 PER CONSIDERABLY HIGHER THAN THE MANUFACTURING AVERAGE

CENT.

/"PRINTING IS