IS
DAILY INFORMATION BULLETIN – SUPPLEMENT
ISSUED BY GOVERNMENT INFORMATION SERVICES BEACONSFIELD HOUSE, HONG KONG TÉL 5-233191
Thursday, January 24, 1980.
CHIEF SECRETARY ATTENDS GENERAL CHAMBER
OF COMMERGID ANNUAL DINNER
The following is the speech by the Chief Secretary, Sir Jack
Cater, at the Hong Kong General Chamber of Commerce annual dinner on
Thursday, January 24, 1980.
In your speech, Mr Chairman, you said how happy you and the members of the Chamber were that Sir Murray's term of office had again been extended. I am sure these sentiments are shared by the community generally and I shall certainly pass on to him the good wishes you have
expressed tonight.
A year ago, the main problem facing our economy was "overheating" a consequence of three years of very rapid economic growth following the
recessionary period of 1974 and 1975.
Government took various measures to counter this, mainly by slowing down the rate of growth of Government spending, particularly in the building and construction industries; and of influencing the behaviour
of the monetary aggregates.
/I suspect