5
"
WHEN THIS SPECULATION OCCURS
+
THE
WEDNESDAY, APRIL 20, 1988
ADVANTAGE ΤΟ BE ACCRUED
FROM THE REDUCED DUTIES WOULD BE TRANSFERRED FROM THE HOME PURCHASERS TO THE PROPERTY DEVELOPERS, HE SAID.
P
DR HO SAID HE THEREFORE URGED THE GOVERNMENT TO CONSIDER TAX EXEMPTIONS OR PARTIAL TAX CONCESSIONS ON MORTGAGE PAYMENTS FOR OWNER-OCCUPIERS.
HE SAID THERE WERE ECONOMIC AND SOCIAL MERITS IN INTRODUCING SUCH A PROPOSAL.
"GIVEN THE ESTIMATED SIZE OF THE POTENTIAL HOME-BUYERS OF 100,000, THE CONSTRUCTION AND THE RELATED INDUSTRIES WOULD BE BOOSTED CONSIDERABLY," HE SAID.
"HENCE, CORPORATE AND INCOME TAXES AND OTHER FORMS OF REVENUE ARISING FROM THESE STIMULATED INDUSTRIES AND TRADES FOR THE COFFERS WOULD BE SUBSTANTIAL.
...
FURTHERMORE, HOME OWNERSHIP WOULD CERTAINLY STRENGTHEN A SENSE OF BELONGING, WHICH WOULD IN TURN ACT AS A HEDGE AGAINST THE DRAIN, HE ADDED.
BRAIN
DUE REGARD TO UNCERTAINTIES AHEAD PRAISED
IN
BE
THE BUDGET THIS YEAR HAS FULLY REFLECTED THE PRINCIPLE THAT THE MANAGEMENT OF HONG KONG'S FINANCE, PUBLIC SERVICES HAVE ΤΟ PLANNED CAREFULLY IN THE LIGHT OF WHAT WE CAN AFFORD IN THE LONGER TERM, THE HON F.K. HU SAID TODAY (WEDNESDAY)
то
SPEAKING DURING THE BUDGET DEBATE IN THE LEGISLATIVE COUNCIL + MR HU HIGHLY PRAISED THE FINANCIAL SECRETARY FOR GIVING DUE REGARD THE UNCERTAINTIES AHEAD AND ADHERING TO A PRUDENT APPROACH.
NOTING THAT. BUILDING UP MONRY WAS ONE OF THE SAFE METHODS IN PREPARING FOR FUTURE UNCERTAINTIES, HE SAID IT WAS, HOWEVER, NOT THE KIND OF MENTALITY A MODERN GOVERNMENT SHOULD ADOPT.
"A POSITIVE WAY 15 ΤΟ INVEST IN NECESSARY AND APPROPRIATE AREAS TO STRENGTHEN THE TERRITORY'S POTENTIAL, HE SAID.
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INFRASTRUCTURAL PROJECTS WERE INDEED POSITIVE THE PHYSICAL ASPECTS
FIR SAID THAT THE LARGE-SCALE HIGHLIGHTED BY THE FINANCIAL SECRETARY, WELCH STEPS IN THE RIGHT DIRECTION, REPRESENTED ONLY OF INVESTMENTS.
THERE WERE