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WEDNESDAY, MARCH 19, 1975
+BUT 'LOW' IS A COMPARATIVE TERM.
THE QUESTIONS ARE HOW LOW SHOULD THE RATE BE SET? ARE THERE NOT OTHER FACTORS THAT EXIST IN FAVOUR OF HONG KONG AS AN ATTRACTIVE VENUE FOR BUSINESS OPERATIONS?>
ANY CUT BACK IN EXPENDITURE, HE SAID, WOULD MEAN CUTTING DOWN. THE STANDARD OF LIVING, THE QUALITY OF THE ENVIRONMENT, EDUCATIONAL OPPORTUNITY, VOČATIONAL TRAINING AND SOCIAL WELFARE.
IN ADDITION, THIS MUST HAVE AN ADVERSE EFFECT UPON THE QUALITY OF THE LABOUR FORCE.
THE FURTHER DEFERMENT OF OTHER PROJECTS WILL RESULT IN THE SLOWING DOWN OF THE DEVELOPMENT WHICH IS ESSENTIAL TO THE MAINTENANCE OF THE INFRA-STRUCTURE UPON WHICH OUR ECONOMY DEPENDS.
>WOULD NOT SUCH A COURSE DETER FOREIGN INVESTORS EVEN MORE
1 THAN WOULD A FEW PERCENT INCREASE IN THE STANDARD TAX RATE? WOULD RECOMMEND SERIOUS CONSIDERATION OF THE LATTER COURSE, ADDED.
HE
PA
1
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