XN000022-1992-06-23 — Page 2

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TUESDAY, JUNE 23, 1992

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HIGH PRODUCTIVITY MAKES HK TICKS: GOVERNOR

HIGH PRODUCTIVITY NOT ONLY MAKES HONG KONG PEOPLE BETTER OFF AS INDIVIDUALS, IT ALSO ENABLES THE COMMUNITY TO AFFORD THE PUBLIC SERVICES WHICH MAKE HONG KONG A BETTER PLACE TO LIVE, THE GOVERNOR, LORD WILSON, SAID TODAY (TUESDAY).

SPEAKING AT THE 25TH ANNIVERSARY OF THE HONG KONG PRODUCTIVITY COUNCIL, LORD WILSON ALSO PRAISED THE COUNCIL FOR PLAYING ITS PART IN FUELING HONG KONG'S ECONOMIC POWERHOUSE BY ENCOURAGING INDUSTRY TO CLIMB THE "VALUE-ADDED LADDER".

THE GOVERNOR SAID PRODUCTIVITY WAS FUNDAMENTAL TO THE STRENGTH OF THE ECONOMY WHICH, IN TURN, WAS THE KEY ELEMENT IN HONG KONG'S ABILITY TO OVERCOME DIFFICULTIES AND TO MOVE FORWARD.

"PEOPLE'S PRODUCTIVITY ULTIMATELY DETERMINES THEIR WAGES. PRODUCTIVITY OF CAPITAL DETERMINES ENTREPRENEURS' RETURNS," HE SAID.

ON THE COUNCIL'S CONTRIBUTION TO THE ECONOMY, LORD WILSON

THERE WERE TWO EXAMPLES OF INITIATIVES TAKEN RECENTLY:

HE

IN 1990, THE COUNCIL ORGANISED THE FIRST PRODUCTIVITY IN THE ANNUAL GOVERNOR'S AWARD FOR INDUSTRY; AND

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SAID

AWARD

LAST YEAR, THE COUNCIL DECIDED TO MARKET ITS PRODUCT DESIGN SERVICES IN A NEW WAY BY INVITING LIKE-MINDED COMPANIES TO POOL THEIR RESOURCES ON PROJECTS WHICH WOULD BE TOO LARGE OR RISKY FOR A SINGLE COMPANY TO TAKE ON ALONE. CONSORTIA. HAD AT PRESENT BEEN FORMED TO DEVELOP A PALM COMPUTER, A CORDLESS TELEPHONE AND A NOTEBOOK COMPUTER.

SAID INDUSTRY'S RESPONSE HAD BEEN ENTHUSIASTIC COUNCIL'S INCOME FROM FEES CHARGED FOR ITS SERVICES HAD MORE TREBLED IN THE PAST FIVE YEARS.

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THE THAN

LORD WILSON SAID THE COUNCIL'S TASK OF INCREASING IN INDUSTRY WAS AN ESSENTIAL ONE.

PRODUCTIVITY

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"THE COUNCIL IS WELL PLACED TO MEET THE CHALLENGES AHEAD, HE SAID.

WHICH

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EXCELLENT PURPOSE-

THE GOVERNOR SAID IT HAD A STRONG TRACK RECORD: FACILITIES WHICH, SINCE LAST YEAR, HAD BEEN HOUSED IN A NEW BUILT BUILDING; AND MOST IMPORTANTLY, A HIGHLY QUALIFIED, ENERGETIC AND DEDICATED STAFF.

ARRIVAL OF THE NEW GOVERNOR * *

THE NEW GOVERNOR, THE RT HON CHRISTOPHER

ON JULY 9 TO TAKE UP HIS OFFICE.

PATTEN, WILL ARRIVE

MR PATTEN WILL ARRIVE IN THE EARLY AFTERNOON AT KAI TAK AIRPORT WITH HIS WIFE AND TWO OF THEIR DAUGHTERS, LAURA AND ALICE.

/THEY WILL