ther
is no innovative measures to achieve the goal. I think the
High-rook
is our -important goal.
developmnt of hi tech industry
The
should encourage its development by giving positive assistance, such as more resources for research and should draw
hong-term development plans.
༣
Government
4
5
6
7
8
9
drawing
hiph - tach
Regarding investments in hí tech industries, Hong Kong lags behind our three competing neighbouring countries. The Government does not have preferential treatment for
the industries. Our industrialists do not have the avenues for.
High-tech low cost capitalisation. low-cost
Comparing with other industries, teen
industries require bigger investments and they take longer to have apositive yield. The risk involved is. higher. Hong Kong faces a
List-Fecti
10
11
12
13
14
lot
15
16
17
The
of problems in developing hitech industries. industrialists can do little by themselves. In the face of strong competition, to ensure that Hong Kong products are still competitive in the international market, industrial reforms must be 18 implemented. Apart from providing better infrastructures for industrial development and training up more people, the Government
high-tech should provide more incentives for people to develop hi tecn
industries, such as higher depreciation rates and cheaper
industrial land. I firmly believe that such measures
will
industrialists and will attract overseas
19
20
21
22
23 welcomed by the
be
24
investments.
2 2 2 2
Stet 28
Slet
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31
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33
34
35
36
Sir,
in
connection with
civil
engineering projects, there will be additional projects for public housing and new towns development, but insufficient attention has been paid to the upkeeping and redevelopment of the old urban area which deserves more attention. Within the old urban area, many outdated facilities should be improved. For example, the sewerageł system cannot cope with the present requirements because of the putting up of new buildings, increase in population density, and a lack of adequate maintenance. As a result, the drains are often
thues choked and the sewerage
to the streets, Xseriously
spills
on