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香港政府
GIS
新聞處
DAILY INFORMATION BULLETIN
SUPPLEMENT
ADDRESS BY THE ACTING GOVERNOR, SIR JACK CATER
AT THE OPENING OF THE 1979 TOY AND GIFT FATA, MIRAMAR HOTEL, ON WEDNESDAY, OCTOBER 3, 1979
I am sure that it would be quite sufficient on an occasion like this to congratulate the toy industry on their sustained energy and initiative and to express the confident hope that they will continue to be
one of Hong Kong's success stories. Congratulations are certainly in order
for an industry which has developed spectacularly in two decades and which,
this year, has outperformed industry as a whole by a subatantial margin.
J
The overall growth rate for our domestic exports for the first
half of the year was 34 per cent. Shipments of toys for the same period
advanced over 51 per cent to a value of more than 2 000 million,
Performance at this level by an industry which is a major employer and
in terms of exports the third largest sector of our manufacturing .
industry, is of real significance for our economy and deserves examination. It certainly did not happen by accident, and this occasion provides evidence of the effort which has gone into the development of the toy industry.
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de in the Government firmly believe that, in principle, industrial and commercial decisions are more likely to be correct if they are taken by
businessmen rather than by civil servants. So the Government has limited its role in the economy largely to ensuring that impediments to economic life are removed where possible. Removing impediments can involve a negative role (for example making sure the Govemment does not adopt policies which would hinder economic development or that the private sector does not undertake activities inimical to overall prosperity), or the more positive one of ensuring that the infrastructure (roads and communications generally, for example) is developed adequately. It requires that Government should
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Issued by Government Information Services, Beaconsfield House, Hong Kong. Tel: 5-233181