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UROVIESDAY, FEBRUARY 5, 1975
COVERIZEIT TO TAKE A HARD LOOK AT EXPENDITURE
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THE GOVERNMENT NEEDS TO TAKE A VERY HARD LOOK AT EXPENDITURE, PARTICULARLY RECURRENT EXPENDITURE, THE GOVERNOR, SIR MURRAY MACLEHOSE, SAID THIS (WEDNESDAY) EVENING.
IN THE PRESENT DIFFICULT WORLD ECONOMIC SITUATION, THIS WAS NOT THE TIME FOR SPENDING ON INESSENTIALS, HE TOLD A DINNER OF THE GENERAL CHAMBER OF COMMERCE IN THE HONG KONG CLUB.
+1 DO NOT THINK PEOPLE WOULD BE READY TO SHOULDER INCREASED BURDENS UNLESS ASSURED THAT THE GOVERNMENT FOR ITS PART HAD DONE EVERYTHING POSSIBLE TO ELIMINATE FROM THE LOAD EVERYTHING THAT IN PRESENT CIRCUMSTANCES WAS INESSENTIAL," HE SAID.
SIR MURRAY SAID THAT NO ONE WAS MORE ACUTELY CONSCIOUS OF THE · PRESENT DIFFICULTIES THAN 11|MSELF, BUT HE FELT THE PROBLEM WAS A TEMPORARY ONE - →THERE IS A BAD PATCH BUT A BRIGHT FUTURE.
THE GOVERNOR NOTED THAT WHEREVER DEMAND EXISTS NOW HONG KONG®S INDUSTRY WAS WELL PLACED TO FILL IT AT A COMPETITIVE PRICE. AND WHEN THE UP-TURN COMES, AS HE FELT SURE IT WOULD, HONG KONG SHOULD BE THE FIRST TO BENEFIT,
IT WAS DIFFICULT TO SAY WHEN WORLD ECONOMIC CONDITIONS WOULD RE-ADJUST ITSELF, HE SAID, BUT IN THE MEANTIME EVERYONE'S EFFORTS SHOULD CONCENTRATE ON MAINTAINING HONG KONG'S LIVELIHOOD.
DESPITE WHAT THE CRITICS MIGHT SAY, HE ADDED, HONG KONG MAD GREAT CREDIT IN THOSE CIRCLES OF THE WORLD THAT MÅTTER ECONOMICALLY,
+IT REPRESENTS ONE OF THE GREATEST AND MOST ADAPTABLE CONCENTRATIONS OF INDUSTRIAL AND FINANCIAL SKILL AND ENTERPRISE THE WORLD HAS EVER SEEN, WITH A WORKFORCE WHOSE PATIENCE IN ADVERSITY AND RESILIENCE IN PROSPERITY ADMIRE MORE AND MORE WITH EVERY YEAR I STAY HERE.
*THIS MUST NOW BE DEPLOYED TO GET US THROUGH THE BAD PATCH AND CLIMB OUT ON THE OTHER SIDE.←
IMAGINATIVE AND AGGRESSIVE SALESMANSHIP, HE STRESSED, WAS OF PARTICULAR IMPORTANCE AT THIS TIME. AND HE ACKNOWLEDGED THE
REDOUBLING OF EFFORTS BY LOCAL INDÚSTRIALISTS TO FIND NEW MARKETS AND NEW SALES IN OLD ONES.
AS AN INDICATION OF THE IMPORTANCE HE PERSONALLY ATTACHES TO SALES PROMOTION, THE GOVERNOR DISCLOSED THAT HE INTENDED TO SPEND A WEEK IN EARLY APRIL WITH SIR YUET-KEUNG KAN AND THE TRADE DEVELOPMENT COUNCIL TEAM AT HONG KONG'S CLOTHING DRIVES IN PARIS AND LONDON.
÷ANOTHER IzECİ *****