4
WEDNESDAY, OCTOBER 10, 1990
THE GOVERNOR STRESSED THAT THIS DID NOT MEAN CHEAP LABOUR, EMPLOYERS WOULD BE REQUIRED TO PAY IMPORTED WORKERS MARKET WAGES.
AND
"THERE WILL BE NO INDISCRIMINATE IMPORTATION OF UNTRAINED LABOUR. EFFECTIVE ENFORCEMENT ARRANGEMENTS WILL BE MADE TO PREVENT ABUSE BY EMPLOYERS.
"THE SCHEME WILL BE KEPT UNDER CAREFUL REVIEW, AND WILL BE ADJUSTED IF NECESSARY, TO MAKE SURE THAT IT CONTINUES ΤΟ MEET THE CHANGING NEEDS OF THE ECONOMY,' HE SAID.
It
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THE GOVERNOR SAID A SIMILAR FLEXIBILITY OF APPROACH INVOLVING ADAPTING TO NEW CIRCUMSTANCES IN A WAY WHICH WOULD BENEFIT HONG KONG, RATHER THAN STICKING RIGIDLY TO OUTDATED POLICIES LAY BEHIND THE DECISION TO ALLOW THE PRIVATE SECTOR TO RECRUIT STUDENTS FROM CHINA TO WORK IN HONG KONG, PROVIDED THEY HAD COMPLETED AT LEAST TWO YEARS' STUDY OVERSEAS AND WERE PROPERLY QUALIFIED.
"ALL OF THESE THINGS MATTER BECAUSE A SUCCESSFUL CRUCIAL TO EVERYTHING WE DO.
ECONOMY IS
AT
"WITHOUT IT, WE LACK THE MEANS TO ACHIEVE ANY OF OUR GOALS. THE SAME TIME, WE ALSO HAVE A RESPONSIBILITY ΤΟ PROTECT THE DISADVANTAGED MEMBERS OF THE COMMUNITY FROM THE MOST DAMAGING EFFECTS OF INFLATION," HE SAID.
SIR DAVID POINTED OUT THAT SOCIAL SECURITY BENEFIT LEVELS WERE REVIEWED REGULARLY AND WERE ADJUSTED TO COMPENSATE FOR CHANGES IN CONSUMER PRICES.
"IT IS WORTH NOTING THAT, SO FAR THIS YEAR, THESE BENEFITS HAVE BEEN INCREASED BY 10.5 PER CENT. WHILE ENCOURAGING THE SUCCESSFUL, WE WILL CONTINUE TO PROTECT THE WEAK, HE SAID.
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0
GOVERNMENT'S ROLE IN ECONOMY IS TO FACILITATE EFFICIENCY AND GROWTH
REITERATED
THE GOVERNOR, SIR DAVID WILSON, TODAY (WEDNESDAY) THE GOVERNMENT'S MAIN ROLE IN THE ECONOMY IS TO FACILITATE EFFICIENCY AND GROWTH.
THAT
SIR DAVID SAID HONG KONG'S ECONOMIC PHILOSOPHY WAS ONE WHICH WAS CLEAR AND HAD SERVED HONG KONG WELL. "WE BELIEVE IN THE
AND EFFICIENCY
EFFECTIVENESS OF FREE MARKETS. THESE ALLOW OUR BUSINESSMEN TO BE FLEXIBLE AND DYNAMIC, HE SAID.
FAR AS
THE GOVERNOR POINTED OUT THAT AS
POSSIBLE, BOTH THE BUSINESSMAN AND THE INVESTOR MUST BE LEFT FREE TO PERFORM THEIR ROLES AND MUST NOT BE HAMPERED BY EXCESSIVE OFFICIAL RESTRICTIONS AND DETERRED BY EXCESSIVE TAXATION.
/"WE NEED