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As a government we have remained strongly committed to

vigorous and continuing investment in the future of the territory, and

our sights are set far ahead. The ambitious new town development programmes which were planned as early as the 1960's and started in

the 1970's will be largely completed by the end of the present decade.

In the next few months we expect to unfold a new development strategy

based on regional planning studies for the New Territories and the

harbour area. We shall shortly be making decisions on an overall

territorial development strategy to provide for the needs of nearly

two million more people. The strategy will extend well into the 1990's

and the next century.

Finally let me remind you of what Hong Kong is.

To many

visitors Hong Kong is the skyscrapers, the shopa, the crowded central

district and the hotels, and the busy streets and the traces of old

China, Many are impressed by the great wealth of the very rich, and

banks and business houses. A few note the great beauty and serene

grandeur of our coasts and our large country parks. But it is much

more than that. It is a community of more than five million hardworking

people whose home it is and will remain. Their concems are the concem

of the ordinary man and woman all over the world, their job, their

family, the health and well-being of their children. They recognise

the defects of the society in which they live, and I should be the

first to admit that they are there. But they recognise too what they, as a community have achieved over the last two decades. 43 per cent of the population live in public housing in standards which are

constantly being improved. Our housing programmes continue steadily to meet the requirements of those still in need. Although the

population has grown five or six times in the last thirty years there

is'secondary education and reasonable health care for all. Tertiary

education is expanding fast. Our people are free to come and go as they will. Life is not easy. Apart from the harbour and its geographical position Hong Kong is not well endowed with nature's bounty. But Hong Kong people work extremely hard because they believe

they can, by so doing better themselves and the prospects for their

families. Hong Kong is therefore not just a free enterprise economy.

It is a community with its own strong sense of identity and purpose.

/It is

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