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14.
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وسیه
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Le 27
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Ni 35
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it will be able to set up a plastics tech- nology centre for the Polytechnic.
On the whole, although the Government is more positive in supporting our industry, I still think that the economy of Hong Kong
Iconomy
an
is still export-led and industry is still the main pillar of our Hong Kong economy. Our industry is mainly relying on light industry. The main difference in the machines used by light industry when com- pared to that used by heavy industry is that they are less durable. At present the de- ·
preciation rate of these machines for the
ber cent.
first year is 55% and then this will reduce
Eer cent
to 30% in the coming years.
I am afraid
that there will be less incentive for our manufacturers to invest since there is est- imated to be economic recession, so I think that Government should increase the depreci-
This on the ation rate for the first year.
equipment
one hand can attract more foreign investment
hand, it can intindure now technology and adminced and on the other it can provide "bervices to moreover, it can putide devices to Kour international distribution network and introduce modern management techniques for industry. I have certain comments to make concerning individual expenditure items.
welcome the increase on Social Welfare in recent years, particuladyin in
the fields of
education, social welfare, ånd medical services. We should be glad to see such increases. I support such a move but I hope that we can spend more for welfare for the elderly, mental health, environmental improve- ment, education and medical development. Welfare for the elderly is a topic that all
advanced and healthy societies, in particular
ATTNA