XN000022-1993-10-29 — Page 17

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FRIDAY, OCTOBER 29, 1993

COMMENTING ON THE FIRST SUCCESSFUL PROJECT TO RECEIVE FUNDING SUPPORT UNDER THE APPLIED R & D SCHEME, MR CHENG SAID:

TO

"THE BOARD OF DIRECTORS CONSIDERS THE PROJECT WORTH SUPPORTING BECAUSE IT IS THE FIRST COMPUTER-AIDED DESIGN APPLICATION SOFTWARE BE DEVELOPED LOCALLY AND WITH THE NEEDS OF LOCAL USERS IN MIND.

"BESIDES, IT WILL

ADVANCEMENT IN HONG KONG.

HE SAID THE

PI

I

ALSO HELP TO FURTHER TECHNOLOGICAL

PROJECT WAS BEING

DEVELOPED FROM AN ALREADY UNDER THE "MANUFACTURING LOCAL ACADEMIA UNDER THE

EXTENSIVE KNOWLEDGE BASE BUILT UP APPLICATION SOFTWARE DEVELOPED BY THE SPONSORSHIP OF THE INDUSTRY DEPARTMENT IN 1987.

+

"THIS PROJECT IS THUS A MILESTONE IN THE TRIPARTITE EFFORTS AMONG GOVERNMENT, ACADEMIA AND INDUSTRY

IN COMMERCIALISING ACADEMIC RESEARCH RESULTS, MR CHENG SAID.

UNDER THE AGREEMENT SIGNED THIS AFTERNOON, THE HONG KONG APPLIED R & D FUND COMPANY WILL LEND $2.7 MILLION OVER THE NEXT 14 MONTHS TO THE COMPANY AT PRIME INTEREST RATE FOR DEVELOPING THE COMPUTER PROJECT.

THE MANAGING DIRECTOR OF THE COMPANY, MR EDWIN LEE, SAID: **THE RESEARCH AND DEVELOPMENT OF HIGH-TECH INDUSTRY USUALLY INVOLVE RISK.

MORE

"THE GOVERNMENT'S COMMITMENT IS THEREFORE A BOOSTER ΤΟ HELP HONG KONG TO BE COMPETITIVE WITH ITS NEIGHBOURING COUNTRIES BY ENCOURAGING MORE COMPANIES TO INVEST, IN THE LONG TERM, IN TECHNOLOGY- ORIENTED PROJECTS."

C

GUANGDONG DELEGATION VISITS EPD

* * * * *

A 12-MEMBER DELEGATION FROM ENVIRONMENTAL PROTECTION OFFICES IN GUANGDONG PROVINCE TODAY (FRIDAY) CONCLUDED A FOUR-DAY PROGRAMME OF BRIEFINGS AND VISITS TO SEE THE WORK OF THE ENVIRONMENTAL PROTECTION DEPARTMENT AND TO EXCHANGE EXPERIENCES WITH ITS STAFF.

LED BY THE DIRECTOR OF THE ENVIRONMENTAL PROTECTION BUREAU OF GUANGDONG PROVINCE, QIANG BINGHUAN, THE DELEGATION WAS BRIEFED ON VARIOUS ENVIRONMENTAL MATTERS, INCLUDING THE WASTE DISPOSAL STRATEGY AND THE OPERATION OF LOCAL CONTROL OFFICES.

THE GROUP ALSO VISITED DIFFERENT FACILITIES, INCLUDING THE DEPARTMENT'S LABORATORIES, THE ISLAND EAST REFUSE TRANSFER STATION AND THE TSING YI CHEMICAL WASTE TREATMENT CENTRE.

/"THE VISIT