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FRIDAY, APRIL 19, 1974.
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ACCOUNTANTS HAVE AN IMPORTANT ROLE TO PLAY IN
DEVELOPMENT OF HONG KONG'S ECONOMY
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HONG KONG WILL NEED MORE GOOD ACCOUNTANTS IN INDUSTRY, COMMERCE AND FINANCE, AND IN THE PUBLIC SERVICE IF DEVELOPMENT IS TO KEEP APACE, THE FINANCIAL SECRETARY, MR. PHILIP HADDON-CAVE, SAID TODAY.
+THERE IS NO DOUBT IN MY MIND THAT THE DEVELOPMENT OF HONG KONG AS AN INDUSTRIAL AND COMMERCIAL ECONOMY HAS NOW REACHED THE POINT WHERE FURTHER DEVELOPMENT CAN NO LONGER DEPEND ONLY ON INTELLIGENT INDUSTRIOUSNESS, + HE TOLD A PRIZE-GIVING CEREMONY GATHERING AT THE HONG KONG POLYTECHNIC.
+IF THE HONG KONG ECONOMY IS TO CONTINUE TO EXPAND AT A RAPID RATE, INDUSTRY AND COMMERCE ARE GOING TO NEED TO USE MUCH MORE SOPHISTICATED TECHNIQUES, + HE STRESSED, ADDING: +ACCOUNTANTS CAN DO MUCH TO PROVIDE THESE TECHNIQUES.+
THE FINANCIAL SECRETARY WAS OFFICIATING A PRIZE-GIVING CEREMONY FOR STUDENTS OF THE HONG KONG POLYTECHNIC, THREE OF WHOM WEPT THE FIRST THREE PLACES OF THE ASSOCIATION OF CERTIFIED ACCOUNTANTS EXAMINATION HELD IN HONG KONG LAST DECEMBER. A TOTAL OF 1,600 STUDENTS FROM MANY COUNTRIES SAT FOR THE EXAMINATION.
IN FIRST PLACE WAS MR. TSE YUE-KEUNG, IN SECOND MR. CHU YAN-YUEN AND MISS WUNG MEI-SIM IN THIRD PLACE.
THE FINANCIAL SECRETARY COMMENDED THEM FOR THEIR REMARKABLE PERFORMANCE AND SAID HE WAS PARTICULARLY PLEASED THAT THEIR SUCCESS HAD BEEN IN THE ACCOUNTANCY FIELD +FOR ACCOUNTANCY IS GOING TO BE A PROFESSION OF EVEN GREATER IMPORT- ANCE FOR HUNG KONG THAN IT HAS BEEN HITHERTO.+
MR. MADDON-CAVE POINTED OUT THAT WITH NEW LOW-PRICE EXPORTING COUNTRIES IMPROVING THEIR PERFORMANCE, HONG KONG INDUSTRIALISTS WILL ONLY MAINTAIN A COMPETITIVE EDGE IF THEY PLACE INCREASING EMPHASIS ON CAREFUL PLANNING TO ACHIEVE THE MUST EFFICIENT USE OF MATERIALS AND MANPOWER AND IF THEY INTRODUCE IMPROVED MANAGEMENT SYSTEMS BACKED BY GOOD QUALITY ACCOUNTING SERVICES.
+THESE SERVICES,+ HE SAID. +WILL DEPEND ON THE SUPPLY OF ACCOUNTANTS OF TECHNICAL ABILITY AND, ABOVE ALL, IMAGINATION, WHO ARE PREPARED TO WORK IN INDUSTRY AND TO EDUCATE INDUSTRIAL- ISTS AS TO THEIR WORTH IN TERMS OF HARD DOLLARS AND CENTS.+
HONG KONG, HE WENT ON, WOULD CONTINUE TO GROW AS A BANKING, COMMERCIAL AND FINANCIAL CENTRE AND HERE TOO +ACCOUNTANTS WILL HAVE THEIR PART TO PLAY TO BUILD UP CONFIDENCE IN HONG KONG AS AN HONEST, EFFICIENT AND RELIABLE PLACE IN WHICH TO INVEST. +
THE FINANCIAL ...................
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