sat

se

designation policy reflects these realities. It is simply not

in the gift of the Hong Kong Government alone to distribute

additional rights to its carriers.

Such rights must be

negotiated government to government in what is often a difficult

and long drawn-out process.

Deprive strip

Furthermore, it is not the policy of the Government to

an existing carrier of its rights for no reason other than

to give a second carrier a piece of the action. An important

aspect of the policy, however, which must not be overlooked, is

the flexibility. to designate additional airlines where circumstances permit. As a result, and I hope that Mr. Sohmen

will bear me out, the Government has successfully obtained rights for Dragonair to serve points in Japan, Thailand and the

USA. We are in the process of seeking rights for the airline to

serve certain points in China which are not served by Cathay Pacific. And as Dragonair's plans evolve, we are in continual discussion with the airline on how best to seek rights for them

to other destinations in the region.

Comments on revenue proposals

Itrs. AZ.J

stet

se

Cap

se

I now turn to Members' comments on my revenue strategy

and proposals for 1988-89.

43.

I have listened with particular interest to Members'

views on my remarks that a measure of tax diversification, together with some rationalisation of existing indirect taxes, may well

well be a practical proposition in Hong Kong. In this regard, Mr. Sohmen suggested that I would be damned if I sought to broaden the tax base, and damned if I didn't From the

comments of some members on this issue, it appears that I am to

be damned anyway merely for suggesting such a possibility, and

for appearing to

to rock

brock the boat! a boat which Miss

Miss Dunn at

least accepts may be entering choppy seas in the medium term.

=

K

waters

16

/44.

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