be
stet
I repeat that I consider that the reduction proposed in the rate of tax on corporate profits will provide appropriate and proper encouragement to all those in business.
✓
sc 36.
again
Professor Poon raised the question of funds for
implementing the recommendations of the Committee on Science and
Sir Technology. This committee is advisory not executive. Key
departments are represented on it. When projects or policies
are identified which merit implementation, and I am sure there
will be many,
it will be for the relevant department
department to seek
funds in the normal way.
j 37.
earlier
Several Members pressed for the early establishment of a science park or technology centre. I am pleased to say that in relation to this project, the Industry Development Board has recently endorsed recommendations that an urban multi-storey
technology centre should be established. However, it is
essential that this initiative is well thought through, that the facility is tailored to Hong Kong's needs, and that the long-term commitment required to support it is fully understood
and recognised.
ノ
fet
38.
se
work.
cap
entirely
Mr. Allen Lee stressed the need to do more to promote investment in Hong Kong, particularly to achieve the transfer of technology I agree with Mr. Lee on
Iag
the importance of this
Whether we devote sufficient resources to it is difficult
to say, but we are strengthening our efforts in this field. •In
1988-89, the budget for these activities is about 15% up, provides for the implementation of a number of proposals for improving and expanding our inward investment promotion
programme. That said, I fully accept that we need to continue to improve the quality of our investment promotion activities in the face of increasing worldwide competition.
and
für
cont
,
14
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