XN000022-1992-10-30 — Page 5

FRIDAY, OCTOBER 30, 1992

WILL

THE NEW REGULATION PHASE OF THE UPGRADING EXERCISE

FACILITATE WHICH

THE

START

WILL INVOLVE

THE OF

MAIN COMMERCIAL AND

INDUSTRIAL ACTIVITIES AND RESIDENTIAL BUILDINGS THROUGHOUT HONG KONG.

THE NEXT IMPLEMENTATION WILL BE CARRIED OUT AREA BY AREA OVER

AND SUBSTATIONS COME UP FOR

FOUR YEARS AS ELECTRICAL SWITCHBOARDS REGULAR MAINTENANCE.

THE UPGRADING PROGRAMME WILL PROCEED DIRECTOR OF ELECTRICAL AND MECHANICAL SERVICES HAVING ADVICE OF THE SUPPLY VOLTAGE ADVISORY COMMITTEE.

THE AS APPROVED BY

REGARD ΤΟ THE

MERITS OF THE

WORRIES

CONSUMERS ELECTRICITY AMONG AND DISPEL ANY UNDUE LAUNCHED IN DECEMBER BEFORE THE UPGRADING PROGRAMME BEGINS.

UPGRADING

WILL

BE

A PUBLICITY CAMPAIGN TO EXPLAIN THE

ļ

0

GOVT TO BOOST RESEARCH AND DEVELOPMENT FOR INDUSTRY

* * *

THE

DEVELOPMENT

IS HELPING

THE RESEARCH

TO SECTOR

AND

BETTER

BUILD UP ΤΟ GOVERNMENT

IN THE TERTIARY EDUCATION CAPABILITY EQUIP HONG KONG'S INDUSTRY TO MEET THE CHALLENGE OF NEW TECHNOLOGY AND COMPETITION, THE FINANCIAL SECRETARY, MR HAMISH MACLEOD, (FRIDAY).

SAID TODAY

CENTRE WAS AT

SPEAKING AT THE OPENING CEREMONY OF THE NEW INDUSTRIAL OF THE HONG KONG POLYTECHNIC, MR MACLEOD SAID THE GOVERNMENT THE SAME TIME PROVIDING INCENTIVES FOR THE PRIVATE SECTOR TO BOOST ITS OWN RESEARCH AND DEVELOPMENT EFFORT.

"THE GOVERNOR, IN HIS POLICY ADDRESS TO THE LEGISLATIVE COUNCIL EARLIER THIS MONTH, HAS ANNOUNCED THAT FUNDS EARMARKED FOR RESEARCH IN CENT IN THE UNIVERSITIES AND POLYTECHNICS WOULD RISE BY OVER 20 PER

YEAR TO REAL TERMS OVER THE NEXT TWO YEARS, FROM $122 MILLION THIS

FOR FURTHER INCREASES $180

AND THAT THE NEED MILLION IN 1994/95 BEYOND 1994/95 WOULD BE GIVEN SYMPATHETIC CONSIDERATION,

-

"

HE SAID.

FOR A SECTOR

EARLIER THIS YEAR, A SUM OF $200 MILLION WAS COMMITTED

WOULD THE

PRIVATE GOVERNMENT

MATCH

SCHEME UNDER WHICH INVESTMENT IN WORTHWHILE APPLIED RESEARCH AND DEVELOPMENT PROJECTS.

SAID

AND FUNDING FOR RESEARCH MR MACLEOD

THIS BOOST IN

SHOULD HELP DEVELOPMENT

BOTH

PRIVATE SECTORS IN

THE PUBLIC AND

AVAILABLE INCREASE THE POOL OF RESEARCH TALENT AND EXPERTISE ALREADY IN HONG KONG.

IT

FOR COLLABORATION SHOULD ALSO HELP INCREASE THE PROSPECTS BETWEEN THE TWO SECTORS TO HELP HONG KONG'S INDUSTRY STAY COMPETITIVE. HE ADDED.

-

INDUSTRY

DURING

AND

ITS

"FOR THE FUTURE, WE WILL BE LOOKING TO THE NEW

AM CHAIRING WHICH I COUNCIL TECHNOLOGY DEVELOPMENT

STEPS THE GOVERNMENT FORMATIVE MONTHS - TO ADVISE ON WHAT FURTHER

MAXIMUM SHOULD TAKE TO MEET OUR OBJECTIVE OF MINIMUM INTERVENTION BUT SUPPORT FOR OUR INDUSTRIES, HE SAID.

15

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