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WEDNESDAY, MAY 8, 1974
ECONOMIC REVIEW COMMITTEE SET UP
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AN ECONOMIC REVIEW COMMITTEE HAS BEEN SET UP UNDER THE CHAIRMANSHIP OF THE FINANCIAL SECRETARY.
THE COMMITTEE WILL STUDY DEVELOPMENTS IN THE ECONOMY AND ASSIST IN THE PRODUCTION OF REPORTS AT QUARTERLY INTERVALS ON WHICH THE GOVERNMENT WILL BASE ITS THINKING ON ECONOMIC POLICIES.
THE COMMITTEE MEMBERS ARE MR. OSWALD CHEUNG, DR. CHUNG SZE- YUEN, MR. LEE QUO-WEI, MR. P.G. WILLIAMS, AND THE SECRETARY FOR ECONOMIC SERVICES AND THE DIRECTOR OF COMMERCE AND INDUSTRY.
A GOVERNMENT SPOKESMAN POINTED OUT TODAY THAT THE FINANCIAL SECRETARY HAD REFERRED TO THE PROPOSAL FOR AN ECONOMIC REVIEW COMMITTEE IN HIS SPEECH WINDING UP THE BUDGET DEBATE IN THE LEGISLATIVE COUNCIL ON MARCH 27.
+MR. HADDON-CAVE DESCRIBED THE VARIOUS MEASURES EMPLOYED BY THE GOVERNMENT TO REVIEW ECONOMIC CONDITIONS, WHICH INCLUDE A CENTRAL STATISTICAL DEPARTMENT AND AN ECONOMIC ANALYSIS UNIT WITHIN THE ECONOMIC SERVICES BRANCH,+ THE SPOKESMAN SAID..
+HE ADDED THAT IF HONOURABLE MEMBERS WISHED HIM TO BE ASSOCIATED WITH THE PRODUCTION OF THE ANNUAL AND INTERIM ECONOMIC REVIEWS RESULTING FROM THESE STUDIES HE WOULD VERY MUCH WELCOME THIS. HE THEREFORE PROPOSED THAT AN ECONOMIC REVIEW COMMITTEE SHOULD BE SET UP ALONG THE LINES WHICH HAVE NOW BEEN ACCEPTED+.
THE FIRST ECONOMIC REPORT, WHICH WILL UPDATE THE ECONOMIC BACKGROUND TO THE BUDGET, TABLED IN THE LEGISLATIVE COUNCIL ON FEBRUARY 28, WILL BE. VETTED BY THE COMMITTEE AND IS EXPECTED TO BE PUBLISHED WITHIN THE NEXT FEW WEEKS.
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