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Friday, October 9, 1970

Ho said the formation of an Industrial Development Board romained

unwarranted at present, but he would koop tho mattor undor rovicu.

Not the least among tho reasons for Hong Kong's remarkable economic

growth during the past two docados had boon the willingness of all involved

workers, entropronours, industrialists and the Government -- to be flexible,

to innovato, and to chango oxisting routinos, systom and mothods as quickly

as changing conditions might dictato or require.

"The continuod need for flexibility in our approach to methods of

communication with industry and trade, and in formulation of policies

affecting both, will clearly bo one of my main preoccupations in my nou

post," he said.

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