linking to a basket of currencies, and abandoning the "Interest
Rate Agreement" as well;
(c)
strengthening retraining programmes for labor,
the labor productivity;
to increase
(d) controlling the government expenditure, increasing the
efficiency of civil servants;
(e) introducing "collective bargaining", in order to reduce the
pressure of higher wages on inflation in an equitable manner;
(f) controlling the price increases of public utilities, and
indirect taxes; and
(g) providing more land supply, reducing the speculative
sure on property prices.
pres-
.pa
1.
[Section two]: Housing
We see three major problems in the housing situation in Hong
Kong:
a.
b.
C.
2.
There is no overall and comprehensive housing policy from the
government.
The financial arrangement between the Housing Authority and
the government is not satisfactory.
There is a lack of public scrutiny over the operation of the
Housing Authority.
These problems have given rise to current issues and confron-
tation concerning
instances include
housing and the
housing estates.
both private and public housing. Specific the rapid increase in the prices of private
sharp increase in rental for certain public
To address these problems, We have the following recommenda-
tions:
3.
deal
i. The government should take up the responsibility of planning and implementing a central overall housing policy which addresses both the private sector and the public sector. Some delegation
to the Housing Authority may be necessary but this can only
with public housing.