1
2
3
4
5
67
7
8
6 9
9
10
11
12
13
14
15
16
17
18
P18
Np 19
20
21
22
23
24
中
2.5
26
27
≈ 2 * * 2 * ~ * 22 22 3+1
28
29
31
32
33
34
35
36
British Government to pay for half of all the 1988/89 expenditures to be spent by Hong Kong on Vietnamese refugees. Should a fourth closed camp be built, half of the cost of the construction should be paid for by the British Government. In order to min- imise the cost of managing such closed camps while still maintaining a reasonable level of security and efficiency, consider- ation should now be given to transferring the management to the voluntary agencies, with the support of the Civil Aid Services.
it The Government is to be commended on their strategic programme to build a million new flats by the year 2001, at the rate of 2,000- flats annually, out of which 35,000 flats
ney
will be produced by the private sector. [
80000
More
Home Ownership Schemes should be encouraged,
not only for low-income families, but also for middle-income families as well. At this particular point of time when Hong Kong is feeling the effects of a brain drain from our middle-income groups, it should be Gov- ernment's policy to make it attractive and
worthwhile for them to stay in Hong Kong for a
longer period of time. One further step could be a one-off tax deductible allowance of up to, $50,000.00 on any down payment on the purchase of the first home of any head of a household. I doubt very much whether the new concessions on stamp duty whereby the threshold has been lifted on a sliding scale from $500,000 to $1.5 million before the 2.75% rate begins to apply is much of a con- cession or incentive for a professional to purchase a home in Hong Kong rather than
Se cent