THURSDAY, NOVEMBER 10, 1988
LABOUR SHORTAGE SHOULD NOT CONTINUE UNABATED
* * * * *
OF
CONTINUE THE HON
THE GOVERNMENT SHOULD REVERSE ITS POLICY ON THE IMPORTATION
IF ALLOWED TO FOREIGN LABOUR AS
LABOUR SHORTAGE, THE UNABATED, WILL MAKE HONG KONG UNCOMPETITIVE AND UNATTRACTIVE, RONALD ARCULLI SAID TODAY (THURSDAY).
POLICY
COUNCIL LEGISLATIVE
DROVE UP COSTS
SPEAKING ON THE SECOND DAY OF THE DEBATE, MR ARCULLI SAID THE LABOUR SHORTAGE NOT ONLY BUT ALSO CAUSED EXTENSIVE DELAY AND LOWERING OF QUALITY.
HE WAS CONVINCED THAT THE CONSTRUCTION INDUSTRY WAS ONE OF AREAS EXPERIENCING SEVERE SHORTAGE.
THE
DEBATE ON
TURNING TO THE PROPOSED SECURITIES AND FUTURES COMMISSION (SFC) BILL, HE NOTED THAT THERE HAD BEEN A FAIR AMOUNT OF PUBLIC THREE PARTICULAR ASPECTS.
SFC
ΤΟ WHICH
A
UNDER REQUIRE
PERSON THESE WERE THE RIGHT OF THE
AS MAY USED
EVIDENCE INFORMATION INVESTIGATION TO PROVIDE
TO HAVE AGAINST HIM, THE RIGHT OF THE SFC TO ENTER BUSINESS PREMISES ACCESS TO BOOKS RECORDS ETC. KEPT THERE AND TO REMOVE THEM IF NEED BE; AND THE ABSENCE OF AN APPEAL TO AN INDEPENDENT PANEL OUTSIDE BY A PERSON AGGRIEVED BY A DECISION OF THE COMMISSION.
THE SFC
"THERE
BODY GREAT IS A
OF
PUBLIC POWERS ARE
OPINION
INCLUDING
UNNECESSARY,
FAR
PROFESSIONAL BODIES THAT SAY THAT SUCH TOO WIDE AND SWEEPING.
"UNLESS
OBJECTIONS SUCH
GROUNDLESS ARE
EXCESSIVE POWERS IS NOT ONLY FUNDAMENTALLY UNSOUND SUSPICION," HE SAID.
THE PROVISION
BUT ALSO CREATES
OF
AND
MARKETS A YEAR WEAKNESSES THAT WERE EXPOSED IN THE FINANCIAL
COULD IMPROVED BUT OVER-CORRECTION
THERE WAS NO
AGO NEEDED TO BE CORRECTED STIFLE THE MARKETS, HE SAID.
A NEW AIRPORT, ADDITIONAL
ON INFRASTRUCTURAL DEVELOPMENT, MR ARCULLI SAID ROOM FOR DISPUTING THAT HONG KONG NEEDED PORT FACILITIES AND A TRANSPORT NETWORK,
"THESE ARE ALL MAJOR UNDERTAKINGS THAT BILLIONS OF DOLLARS BUT IF WE ARE TO CONTINUE TO GROW AND
41 HE SAID. MUST NOT BE TIMID IN MAKING THESE COMMITMENTS,
THIS
HE RESPECT,
IN
SUGGESTED SECTOR INTO MAJOR PROJECTS WAS EFFECTIVE GOOD DEAL OF COMMERCIAL SENSE.
WILL REQUIRE
OF TENS PROSPER WE
THAT AND
THE BRINGING EFFICIENT AND
PRIVATE MADR A
ITS
BENEFITS OF A TREMENDOUS MOREOVER, THERE WAS THE INTANGIBLE VOTE OF CONFIDENCE BY THE PRIVATE SECTOR "PUTTING ITS MONEY WHERE MOUTH IS".
/ON THE