XN000022-1994-06-02 — Page 13

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12

THURSDAY, JUNE 2, 1994

FINANCIAL ASSISTANCE FOR APPLIED RESEARCH AND DEVELOPMENT PROJECTS;

A

WHOLE RANGE OF PUBLICLY-FUNDED ORGANISATIONS PROVIDE SUPPORT SERVICES TO MANUFACTURERS; AND

WHICH

PROPERTY RIGHTS

WHICH

IS

SO

*

INTELLECTUAL PROTECTION OF IMPORTANT FOR TECHNOLOGY-BASED INDUSTRIES.

AND PROTECTED BILATERAL

SHE POINTED OUT THAT HONG KONG FURTHER PROMOTED UNRESTRICTED FOREIGN INVESTMENT FLOWS THROUGH A SERIES OF AGREEMENTS.

EACH CONTRACTING

OTHER

PARTY

PARTY SHALL

TREATMENT

"THESE AGREEMENTS PROVIDE THAT ENCOURAGE AND CREATE FAVOURABLE CONDITIONS FOR INVESTORS OF THE OTHER, SHALL ACCORD INVESTMENT FROM THE

NO LESS FAVOURABLE THAN THAT GIVEN ΤΟ LOCAL INVESTORS OR INVESTORS FROM COUNTRIES NOT SUBJECT TO AGREEMENT, AND SHALL ALLOW THE FREE TRANSFER OF INVESTMENT AND RETURNS EARNED ON THEM BACK TO THE 1ERRITORY OF OTHER PARTY.

THE

"THEY ALSO PROVIDE AN ARBITRATION MECHANISM FOR THE SETTLEMENT INVESTMENT EXCEPT WITH FULL OF DISPUTES AND BAR EXPROPRIATION OF COMPENSATION UNDER CERTAIN SPECIFIED CIRCUMSTANCES, MISS YUE SAID.

*

"80 FAR HONG KONG HAS SIGNED SUCH AGREEMENTS WITH FOUR

ENDORSING COUNTRIES, AND IS AT VARIOUS STAGES OF NEGOTIATING OR

NINE MORE, INCLUDING JAPAN," SHE ADDED.

ALSO SPEAKING AT THE SEMINAR, NEC TECHNOLOGIES HONG KONG WAS CHOSEN LIMITED MANAGING DIRECTOR MR YASUHIRO IRIE SAID HONG KONG AS ITS PRODUCTION BASE BECAUSE IT WAS IN THE GEOGRAPHICAL CENTRE OF ASIA AND A BRIDGE TO CHINA.

OTHER REASONS INCLUDED HONG KONG'S TECHNICAL EXPERTISE AND

FREE RATE, MANAGEMENT SKILLS, QUICK INFORMATION FLOW, LOW TAX

PORT, EFFICIENT INFRASTRUCTURE AND THE BUSINESS ACUMEN OF LOCAL PEOPLE.

—

LANTAU TRAIL ALL CLEAR NOW

棠棠

COUNTRY PARK VISITORS AND HIKERS ARE NOW ABLE TO WALK THROUGH THE ENTIRE LANTAU TRAIL WITHOUT OBSTRUCTIONS FOLLOWING THE RECENT COMPLETION OF DIVERSION WORKS TO THREE OF ITS STAGES.

THE AGRICULTURE AND FISHERIES DEPARTMENT'S COUNTRY PARKS MANAGEMENT OFFICER (ISLANDS), MR CHAN TAT-WAI, SAID THAT STAGES 4

11 (CHEUNG (NGONG PING), 10 (TONG FUK) AND

BEEN BLOCKED SINCE LAST NOVEMBER FOLLOWING A RAINSTORM.

SHA)

HAD

MR CHAN SAID: "THE NGONG PING STAGE HAS NOW BEEN DIVERTED TO

SHA STAGES TO NGONG PING ROAD, WHILE THE TONG FUK AND CHEUNG

SOUTH

LANTAU ROAD.

/"THE DIVERSIONS