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Advisory Committee on Diversification
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In addition to the production of land as you know the Government,
the Trade Development Council and the horg ong General Chamber of
Commerce are collaborating to promote the introduction into Fong Kong of
new types of industry from overseas.
33.
The rapid expansion of secondary education the technical in-
stitutes and Folytechnic, all contribute to ensuring that expansion of new
industry will not be inhibited by lack of suitable educated personnel.
34. Indeed one might say that one of the many objectives of the
fiscal system of Hong Kong is to retain and attract capital from both
local and overseas investors.
35.
However, I am impressed by the success of the Special Committee
on Land Production in evolving clear now thinking about an old and well
known probler. In view of the importance of the diversification issue I,
therefore, propose to set up a similar committee under the chairmanship of
the Financial Secretary with strong Unofficial participation, to advise
on whether there is anything further the Governant should do, or any
change in current arrangements - including financial arrangements - that
should be made, to facilitate ( and I a. that word advisedly) the
further diversification of industry.
/(3) Financiai.