-
14.
Mr.
the need to
Yip Wah, Chairman of Yau Tsim DB, elaborated on
review the US/HK Dollar link. He said that
although the link had enabled HK to enjoy a stable exchange
a major cause for the high rate of
rate for many years,
it was
inflation in Hong Kong.
margin of negative
interest
Hong Kong was experiencing a wide
rate because the interest rates
had to follow those in the US and the low interest rate was
fueling inflation. He urged for a review to be conducted.
15.
Wan Chai
Mrs. Peggy Lam, Chairman of Wan Chai DB, said that
District should be made a separate Legislative
Council constituency in the 1995 election. She said that
although it had a relatively smaller number of residents than
some other districts, Wan Chai was a business centre with a
large day time population.
16.
Mrs. Peggy Lam also said that members of Area
Committees should continue
to
be
appointed.
If Area
also elected, there would be too many
Committees were
elections in Hong
Kong and it would be very confusing to the
electorate.
17.
She also reflected the conflicting views within Wan
Chai DB on whether there should be more directly elected seats
in Legislative Council in 1995. One view was in support of
more directly elected seats in 1995 but another argued that
constitutional development in Hong Kong prior to 1997 should
keep pace with the relevant provisions of the Basic Law.