1
a kind of their families is worrying enough and could be taken as
The loss of investors would be very barometer of local confidence.
3
much
worse
because that
would signal a
corporate rather
than
a
4
5
6
investors, at least
as far as
7
and
8
9
personal view. Fortunately, as this budget demonstrates, we appear appeal to corporate to be doing the things which
can be judged by our economic trade
and industrial statistics,
also by
the prices achieved
auction for recent land sales and the many major new long-term projects started, or about to start, in the private sector.
to continue
at
10
11
There seems no doubt, therefore, that
12
13
14
true picture a
15
16
17
E
believe
corporate Hong Kong, both local and foreign, has accepted that there is every chance of continued economic success.
of that. part
a
the confidence that this is displayed by investors is predicated on the belief that Hong Kong
with administration will continue to have an executive -led responsive and responsible legislature and
legislature and with 18 disruptive and confrontational party/politics.
19
an absence of
and
21
22
2 2 2 2 2 2 2 2 2
20
23
24
25
26
I do not want to return here to the
The Our the development of
future political system.
on the
White
Paper provided
more than enough
subject of
recent debate opportunity for such discussion.
I would, however, like to repeat and elsewhere,
a point I have made many times in this Council, which is that business prefers to work in an environment which is familiar and stable. Business planning relies on continuity of The White Paper seemed to me successful policies and procedures.
to recognise this essential ingredient for our future as does this Budget presented by the Financial Secretary.
27
28
29
30
NP 31
AP 32
Let
me
now
33
34 Segretar
Proposals.
to take uncharitable, not package of tax proposals.
It is
difficult
35
ت
turn to the Budget
and indeed it would
a bullish view towards Any Financial Secretary who reduces the
be
most
the Financial
36
level of direct taxation, whatever else he does,
is bound to be