1
2
3
567
8
9
10
11
12
13
14
15
16
17
18
19
20
21
222
18.75 per cent since October, 1983. This fact must be made known to our trading partners who say that our dollar has not depreciated with
Besides this, our free market - other developing countries in Asia.
policy is our shield against protectionism.
Vietnamese Refugees. As to the expenses of Refugees not in Correctional le.
Services institutions, we have already spent some $900 million from January!
well
June, 1979/ to date and if we continue to spend the estimated $126 million per annum until 30th June 1997, it would be a public burden of some $1,166 million. As the majority of Hong Kong people were refugees or are descendants of refugees, they are sympathetic to the plight of the Vietnamese refugees at first on humanitarian grounds. Public opinion is now shifting when this privilege is abused and out- take by other countries dropped. Besides the good name of being humane, what other benefits do we derive from spending this hugh sum of money? Perhaps, by slightly amending the last sentence of a
loose-type poem
(†ÚŠA by Tang Dynasty poet, TV Mu on shih wang Ji's (4) Grandiose Palace in Hosen Yang CX IS
en. Verg.
(咸陽
may be a valuable lesson to learn
(越人不暇自哀,而港人哀之,港人哀之而不鑑之,亦使
後人面復哀港人也太
That is, the Vietnamese have no time for self pity. If Hong Kong people
pity them but do not take their plight as a warning, some day Hong Kong
30 today's news reporting thirty desperate men from Hong Kong landed in Canada destroying their passports and claiming that they are refugees
from China.
would
1.
25
people will, in turn, be pitied by others in the future.
The climax is in
26
27
28
29
30
<
31
32
33
34
35
36
law and with an adequate trained working force there is no lack of
skill drain It
Brain, capital and skill drain. It
It is this refugee mentality which resulted in the serious brain drain in the middle class and skill drain
and of supporting staff such as secretaries, mechanics, waiters etc Capital drain to foreign currencies may be due to the low interest rate of the Hong Kong dollar and as long as our tax is low in the post-
Administration by war days, the standard tax rate was 10 per cent.