TUESDAY, AUGUST 11, 1981
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IN CONCLUDING, HE SAID THAT WHILE HE SHARED HIS PREDECESSOR, SIR PHILIP HADDON-CAVE'S +COMMITMENT TO POSITIVE NON-INTERVENTIONISM+. HE WOULD ADD HIS OWN FIRM BELIEF IN THE COROLLARY - THE EXERCISE OF PRUDENT FREEDOM+, WHICH FOR THE BANKING BUSINESS INTER ALIA TOUCHES UPON YOUR FREEDOM TO CREATE CREDIT+.
MR BREMRIDGE SAID HE ACCEPTED THAT A PERSUASIVE ARGUMENT AGAINST INTERVENTION IS NOT THAT IN MANY CASES IT IS NOT PHILOSOPHICALLY DECENT, BUT THAT GOVERNMENTS OFTEN CANNOT PREDICT ACCURATELY WHAT THE EFFECTS OF NEW CONTROLS WILL BE+.
THE WORLD WAS LITTERED WITH ECONOMIC DISASTERS CREATED BY WELL-MEANING INTERFERENCE WITH THOSE FREE MARKET MECHANISMS WHICH HAD SERVED HONG KONG SO WELL.
+BUT SELF-CONTROL IS ANOTHER MATTER, AND SO IS THE EXERCISE OF RESPONSIBILITY. WE ARE NOT JUST A LAISSEZ FAIRE GOVERNMENT. HOW COULD WE BE SO ACCUSED WHEN WE PROVIDE HEAVILY SUBSIDISED HOUSING FOR OVER TWO MILLION PEOPLE?
+WHEREVER THE BALANCE LIES, AND MY PREFERENCE IS CLEAR, IT SEEMS TO ME THAT A LITTLE SELF DOUBT AMONGST CIVIL SERVANTS AND POLITICIANS SHOULD BE PART OF THE PROCESS OF GOOD GOVERNMENT, HE SAID.
UK AND CHINA AIR SERVICES TALKS
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AIR SERVICES TALKS BETWEEN THE AERONAUTICAL AUTHORITIES OF THE UNITED KINGDOM AND CHINA, AT WHICH THE HONG KONG GOVERNMENT WAS REPRESENTED, WERE HELD IN LONDON FROM AUGUST 3 TO 7.
AGREEMENT WAS REACHED TO CARRY FORWARD THE PRESENT ARRANGEMENTS GOVERNING THE SCHEDULED SERVICES OPERATED BY CPA AND CAAC, SUBJECT TO MINOR AMENDMENT, FOR SIX MONTHS FROM NOVEMBER 1, 1981. FROM THIS DATE, CPA WILL MAINTAIN A TWICE- WEEKLY SERVICE BETWEEN HONG KONG AND SHANGHAI, WHILE CAAC WILL CONTINUE TO OPERATE SCHEDULED SERVICES BETWEEN HONG KONG AND PEKING, SHANGHAI, CANTON AND HANGZHOU.
CAAC WILL ALSO INTRODUCE SCHEDULED SERVICES BETWEEN HONG
KONG AND XIAN AND HONG KONG AND KUNMING.
A FULL SCALE REVIEW OF THE PRESENT ARRANGEMENTS, COVERING BOTH REGIONAL AND TRUNK SERVICES BETWEEN PEKING AND LONDON, WILL TAKE PLACE IN MARCH AND APRIL NEXT YEAR.
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