11

WEDNESDAY, APRIL 20, 1988

"UNDER SUCH CIRCUMSTANCES, THE INDUSTRIAL ACCOMMODATION

INSTEAD IDEALLY BE DESIGNED AROUND THE PRODUCTION PROCESS,

CONSTRAINTS POSED BY CONVENTIONAL

COMPROMISED

FACTORIES."

BY THE

SHOULD OF BRING FLATTED

ESTATES INDUSTRIAL

PRIMARILY

MR CHRONG NOTED THAT LAND AT THE LONG AND TAI PO COULD CONCEIVABLY RUN OUT BY THE END OF 1989. SAME TIME,

MULTINATIONALS, SEVERAL AND PROCESSING WATERFRONT WHICH WERE CAPABLE OF BERTHING OCEAN-GOING VESSELS.

STORAGE INDUSTRIES,

HAD

SOUGHT

IN YUEN AT THE CHEMICAL THE

IN THE

SITES NEAR

VITAL RAW MATERIALS, EXPORTING INDUSTRIES, BUT USE OF NEW MATERIALS

"THESE INDUSTRIES WILL NOT ONLY PROVIDE NOTABLY PLASTICS, FOR HONG KONG'S PRIMARY ALSO INTRODUCE KNOWLEDGE AND EXPERTISE IN THE WHICH CAN UNDERPIN HONG KONG'S DRIVE FOR BETTER QUALITY, HIGHER PRODUCTS," HE SAID.

VALUE

THESE MULTINATIONALS, AND

T

BUREAUCRATIC MACHINERY" CHEONG URGED THE THE ADMINISTRATIVE BROADENING OF

SUPPORTING THE DEMAND FOR SITES BY NOTING THE SCARCITY OF LAND AVAILABLE AND THE INVOLVED IN LAND FORMATION THROUGH RECLAMATION, MR GOVERNMENT

WITH SPEED TO IRON OUT TO ACT CONTRAINTS, SO AS TO REINFORCE DIVERSIFICATION AND THE HONG KONG'S INDUSTRIAL BASE.

EARLY INTRODUCTION OF SEPARATE TAXATION ADVOCATED

THE FINANCIAL SECRETARY WAS TODAY (WEDNESDAY) URGED

OF SEPARATE TAXATION FOR HIMSELF TO AN EARLY INTRODUCTION COUPLES.

TO COMMIT WORKING

THE CALL CAME FROM THE HON PETER POON DURING THE BUDGET IN THE LEGISLATIVE COUNCIL.

DEBATE

WHILE GRANTING A WORKING WIFE ALLOWANCE MR POON SAID THAT WOULD ALLEVIATE CONSIDERABLY THE UNFAIR TAX BURDEN ON WORKING COUPLES, IT WAS THE PRINCIPLE OF SEPARATE TAXATION THAT HAD TO BE DECIDED.

HE BELIEVED THAT WITH THE EFFICIENT

IMPLEMENTING TECHNICAL DIFFICULTIES IN OVERCOME WITHIN A REASONABLE TIME.

SEPARATE

TAXATION

COMPUTER FACILITIES, THE BE

COULD

WE

ARE IN

HONG

KONG,

WE

CAN

"I BELIEVE THAT EFFICIENT AS INTRODUCE SEPARATE TAXATION, HOPEFULLY, IN 1989-90," HE SAID.

/HE SAID

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