WEDNNE AY, OT × 26, 1983
8
+THIS WOULD BE A HIGHLY UNDESIRABLE SITUATION AND SHOULD THIS HAPPEN, INDUSTRY WOULD BE DEPLETED OF SKILLED CRAFTSMEN, + MR CHEN WARNED.
ON HONG KONG'S ECONOMY, MR CHEN SAID THAT IT WAS OF VITAL IMPORTANCE THAT THE TERRITORY'S INDUSTRY MUST CONTINUE TO INVEST IN MODERN PLANT AND MACHINERY TO KEEP ABREAST WITH ADVANCING TECHNOLOGY, INCREASE PRODUCTIVITY AND UPGRADE PRODUCTS.
HE SAID, TO DO THIS, INDUSTRY NEEDS CONFIDENCE, FAITH IN ITSELF AND FAITH IN THE FUTURE.+
HE POINTED OUT THAT THE CONTINUATION OF MASSIVE DEVELOPMENT PROGRAMMES BY THE MAJOR PUBLIC UTILITY COMPANIES AND THE RECENT OVER-SUBSCRIPTION OF THE $2-BILLION LOAN FOR THE MASS TRANSIT RAILWAY CORPORATION BY AN INTERNATIONAL SYNDICATE OF BANKS WERE INDICATIONS OF CONFIDENCE IN HONG KONG.
+THESE MAJOR INVESTMENT DECISIONS, WHICH ARE SUBSTANTIAL EVEN BY INTERNATIONAL STANDARDS, SHOULD INSPIRE CONFIDENCE IN OUR BUSINESS COMMUNITY, PARTICULARLY OUR INDUSTRIAL SECTOR, ON WHOSE PERFORMANCE MUCH OF OUR FUTURE SURVIVAL DEPENDS, HE SAID.
HE ALSO SAID THAT IT WAS REASSURING TO HEAR THAT GOVERNMENT TOO, HAD NOT BEEN DISTRACTED FROM ITS SUSTAINED EFFORT TO IMPROVÉ THE SERVICES AND TO PROVIDE THE ENVIRONMENT IN WHICH HONG KONG'S INDUSTRY AND COMMERCE COULD COMPETE EFFICIENTLY IN THE MARKET PLACES OF THE WORLD.
PRIORITY URGED FOR EDUCATION DEVELOPMENT
****
THE HON PETER C. WONG TODAY WELCOMED THE GREAT IMPORTANCE THE GOVERNMENT ATTACHED TO HONG KONG'S SYSTEM OF EDUCATION.
SPEAKING IN THE LEGISLATIVE COUNCIL, MR WONG SAID, +HONG KONG'S MOST IMPORTANT RESOURCES ARE ITS PEOPLE AND IT WOULD BE IMPRUDENT NOT TO ACCORD THE HIGHEST PRIORITY TO ITS DEVELOPMENT THROUGH AN EFFECTIVE EDUCATION SYSTEM. +
HE SAID THAT THE GOVERNMENT SHOULD WASTE NO TIME IN IMPLEMENTING THE VARIOUS RECOMMENDATIONS WHICH RECEIVES POPULAR SUPPORT.
+ON A PERSONAL NOTE, 1 AM PLEASED THAT THE UNIVERSITY AND POLYTECHNIC GRANTS COMMITTEE HAS ADVISED THAT A THIRD UNIVERSITY BE ESTABLISHED WITH AN EMPHASIS ON PROFESSIONAL AND TECHNICAL STUDIES.
+AS A STAUNCH ADVOCATE FOR A THIRD UNIVERSITY, I WOULD MAKE A FURTHER PLEA FOR THE MANY DISAPPOINTED STUDENTS WHO ARE UNABLE TO RECEIVE UNIVERSITY EDUCATION BECAUSE OF SHORTAGE OF PLACES.
/+A DECISION