Technology park float

Press, 12 May 1984, Page 25

Technology park float

PA Auckland Three finance companies have expressed interest in underwriting a proposed public share issue by the North Shore Development Corporation, the corporation chairman, Mr Wilf Marley said. The share issue is expected to be of about S3M and will be within the next two months. It will finance the development of a “high technology park,” probably on land now owned

by the Housing Corporation at Albany, north of Auckland. At a seminar on the subject today, the Deputy Prime Minister, Mr McLay, gave the park his "full support.” But he said there were no plans for the Government either to invest in the corporation itself, or to offer any special incentives. “There has already been a good response from the financial market," said Mr Marley, an Auckland accoun-

tant and former chairman of the Auckland Harbour Bridge Authority. The Government member of Parliament for Albany, Mr Don McKinnon, again urged the creation of a tax and dutyfree “export zone” within the technology park for industries exporting all their output. f ‘There would be customs officials on its gates so that everything that goes in and out is tax-free and customs-free.”