XN000022-1991-11-07 — Page 5

THURSDAY, NOVEMBER 7, 1991

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"THERE IS NO QUESTION OF SHELVING GOVERNOR SAID.

THE

SEWAGE STRATEGY,

THE

PROJECTS OF SUCH MAGNITUDE "IT CAN AND MUST BE PURSUED. BUT

PHASED WITH NEED TO BE PLANNED CAREFULLY, AND THEIR FUNDING PROPERLY OTHER PUBLIC SPENDING,

F

GOVT ENCOURAGES NEW TECHNOLOGIES DEVELOPMENT: STI

* * *

THE

SAID THE SECRETARY FOR TRADE AND INDUSTRY, MR T.H. CHAU,

DEVELOPMENT (R&D) GOVERNMENT IS SETTING UP AN APPLIED RESEARCH AND SCHEME TO ENCOURAGE THE DEVELOPMENT OF NEW TECHNOLOGIES AND PRODUCTS.

CHAU

SAID THE

GOVERNMENT

MR APPLICATION OF R&D IN HONG KONG.

WILL ALSO

PROMOTE

THE

WIDER

SPEAKING AT THE OPENING OF THE SEMINAR ON TECHNOLOGY ROAD FOR HONG KONG TODAY (THURSDAY), MR CHAU SAID THIS IS NEW GROUND HONG KONG.

MAPS

FOR

"UNDER THE SCHEME, THE GOVERNMENT WILL JOIN WITH COMPANIES FUND THEIR R&D PROJECTS.

TO

"OUR

GOVERNMENT SAID.

TAKE INPUT WILL

THE FORM OF AN

WILL

SUCCESSFUL SHARE IN THE BENEFITS OF

INVESTMENT,

SO THE

PROJECTS,

14

HE

"WE WILL BE

FINANCE SEEKING THE

COMMITTEE'S APPROVAL FUNDING FOR THE SCHEME SHORTLY, WITH THE AIM OF PROCESSING THE APPLICATIONS BY MID-1992," HE SAID.

FOR FIRST

IN

IN THE THE

INFRASTRUCTURE ON OTHER MEASURES TO STRENGTHEN TECHNOLOGY HONG KONG, MR CHAU SAID THE GOVERNMENT FUNDING FOR RESEARCH TERTIARY EDUCATION SECTOR IS BEING BOOSTED FROM $120 MILLION IN 1988/91 TRIENNIUM TO ABOUT $400 MILLION FOR 1991/94.

"AS

WITH

INSTITUTIONS THE R&D CAPABILITY OF THE TERTIARY EDUCATION GROWS,

THEY WILL BE INCREASINGLY WELL PLACED TO SUPPORT THE WORK THE PRIVATE SECTOR ON APPLIED R&D PROJECTS.

OF TURN

THE GRADUATE FULL- TO RISE THE

"IN

EDUCATION, HIGHER

A MAJOR EXPANSION OF PROGRAMME IS UNDER WAY, WITH THE NUMBER OF STUDENTS ENROLLED IN TIME STUDY IN ENGINEERING AND TECHNOLOGY SUBJECTS EXPECTED FROM JUST OVER 10,000 IN 1990 TO ABOUT 30,000 BY THE CENTURY, MR CHAU SAID.

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SAID THE ALSO IN THE AREA OF EDUCATION AND TRAINING, MR CHAU GOVERNMENT IS PLANNING TO ESTABLISH A NEW TECHNOLOGY TRAINING SCHEME.

FINANCIAL

"UNDER THIS SCHEME, COMPANIES WILL BE ABLE TO OBTAIN ASSISTANCE FOR TRAINING IN IMPORTANT NEW TECHNOLOGIES FOR THEIR CAREER MANAGERS AND TECHNOLOGISTS," HE SAID.

MID-

MR CHÂU