1993-03-12 20:20

0.1.5

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BUT THERE WERE OTHER DECISIONS WHICH 1 THOUGHT,

IF I MAY SAY SO, WERE ALSO VERY HELPFUL. FIRST OF ALL, I THOUGHT THE ADDITIONAL AND WELL JUSTIFIED ASSISTANCE THAT WE'RE PROPOSING TO GIVE TO THE TOURIST INDUSTRY. WHY DO I MENTION THE TOURIST INDUSTRY? A FORMER BRITISH PRIME MINISTER ONCE IN A SPEECH SAID, "WHY DO I SPEAK ABOUT THE NAVY TODAY?" AND A HECKLER SHOUTED OUT, "BECAUSE YOU'RE CHATHAM", WHY DO I SPEAK OF THE TOURIST INDUSTRY? NOT ONLY BECAUSE OF THE HONOURABLE MEMBER'S SERVICE TO THE TOURIST INDUSTRY BUT ALSO BECAUSE THE HONOURABLE MEMBER KNOWS THAT THERE ARE SIX MILLION TOURISTS - SORRY, I THINK IT'S MORE THAN THAT SEVEN MILLION TOURISTS COMING TO HONG KONG EVERY YEAR, IT'S THE MOST POPULAR TOURIST CENTRE IN ASIA AND WE WANT TO KEEP IT THAT WAY.

SECONDLY, I THINK THE DECISIONS THAT WE'VE TAKEN ABOUT THE EXTENSION TO THE CONVENTION AND EXHIBITION CENTRE CONFIRMING SUCCESS, UNDERLINING THE ENORMOUSLY VALUABLE JOB WHICH THE CENTRE HAS DONE, WHICH THE TDC HAS DONE, I THINK THAT IS ANOTHER EXAMPLE. I HOPE THAT IN DUE COURSE THE FINANCIAL SECRETARY WILL BE ABLE TO MAKE AN ANNOUNCEMENT ABOUT FURTHER SUPPORT FOR INDUSTRY NOT JUST FOR THE PROMOTION OF OUR EXPORTS. I THINK THAT THE DECISIONS THAT WE'VE ANNOUNCED ABOUT THE MONETARY AUTHORITY AND ABOUT BROADENING THE MANAGEMENT OF THE EXCHANGE FUND ARE ALL HELPFUL TO BUSINESS AND INDUSTRY. WHAT WE'VE DONE ABOUT EDUCATION AND RE-TRAINING.

COULD

AND

GO ON ALMOST AS LONG AS I DID TO THE INSTITUTE OF DIRECTORS TO WHOM I'M AFRAID I DIDN'T MENTION TOURISM - BUT NOT ONLY BECAUSE THE HONOURABLE WASN'T THERE.

PRESIDENT:

IN ACCORDANCE WITH THE STANDING ORDERS I ADJOURN THE SITTING UNTIL WEDNESDAY, MARCH 24, 1993.

NOW

END/

TIME : 18:37:42

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END

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