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JEDNESDAY, DECEMBER 12, 1984
3
THE PEOPLE OF HONG KONG, HE SAID, APPRECIATED THE IMPORTANCE OF THIS POLITICAL EVOLUTION. THEY WERE ADAPTABLE AND HAD NEVER FAILED TO RISE AND FACE ANY CHALLENGE. HE THEREFORE EXPECTED THE ENTIRE COMMUNITY TO PARTICIPATE IN THE PROCESS AND THAT. WITH ADEQUATE DEVELOPMENT OF POLITICAL TECHNIQUES AND ADMINISTRATIVE EXPERTISE. A REPRESENTATIVE ADMINISTRATION WOULD BE IN PLACE AND IN GOOD WORKING ORDER WELL BEFORE 1997.
+OUR FUTURE LEADERS WILL HAVE A RESPONSIBILITY TOWARDS THE HONG KONG PEOPLE AND THAT IS, TO FURTHER HONG KONG'S SOCIAL AND ECONOMIC ADVANCEMENT.
+AT PRESENT WE HAVE A SYSTEM WHICH HAS CONTRIBUTED SUBSTANTIALLY TO OUR PAST SUCCESS, THAT SYSTEM FEATURES ALL THE VIRTUES OF HUMAN RIGHTS AND FREEDOM, INDEPENDENT JUDICIARY, THE RULE OF LAW, FREEDOM IN CAPITAL MOVEMENT, FREE ENTERPRISE, LOW AND SIMPLE TAX STRUCTURE AND A BALANCED SOCIAL SYSTEM. +
MR LEE FURTHER STRESSED THAT THESE BASIC ELEMENTS HAD TO BE RETAINED SO THAT THE PEOPLE OF HONG KONG COULD WORK TOGETHER WITH THEIR USUAL TALENT AND DETERMINATION TO ACHIEVE NEW SUCCESSES.
HE URGED BRITISH INVESTORS NOT TO FALL BEHIND IN SEIZING THE NEW OPPORTUNITIES IN HONG KONG AND CHINA AND, THROUGH HONG KONG, WITH THE CHINA MARKET.
INDUSTRIAL CAPACITY EXPANDING ****
THERE WERE ALREADY SIGNS THAT MANUFACTURERS IN GENERAL HAD BEEN EXPANDING THEIR PRODUCTION CAPACITY IN RESPONSE TO MARKET DEMAND, THE DIRECTOR OF INDUSTRY, MR JOHN YAXLEY, SAID TODAY (WEDNESDAY).
SPEAKING AT THE OPENING OF THE CLOTHING TECHNOLOGY '84 EXHIBITION, HE SAID DURING THE YEAR ENDED SEPTEMBER, RETAINED IMPORTS OF ALL INDUSTRIAL MACHINERY WERE VALUED AT $4 489 MILLION. THIS WAS 41 PER CENT HIGHER THAN THE LEVEL IN THE PREVIOUS YEAR.
RETAINED IMPORTS OF TEXTILE MACHINERY AT $349 MILLION INCREASED BY 34 PER CENT.
MR YAXLEY SAID THESE FIGURES WERE VERY ENCOURAGING AND HE EXPECTED THAT RETAINED IMPORTS OF MACHINERY WOULD BE EVEN HIGHER
IN THE MONTHS TO COME.
IN THE FIRST HALF OF THIS YEAR, ALMOST 300 000 WORKERS OR 2.3 PER CENT OF THE TOTAL WORKFORCE WERE EMPLOYED IN THE CLOTHING INDUSTRY.
/THE VALUE