WEDNESDAY, DECEMBER 11, 1991
29
GOVT TO TAKE TIME TO CONSIDER COMPULSORY RETIREMENT SCHEMES
THE GOVERNOR, SIR DAVID WILSON, SAID TODAY (WEDNESDAY) THAT THE GOVERNMENT WANTS TO TAKE TIME ABOUT LOOKING AT WAYS
OF INTRODUCING COMPULSORY RETIREMENT SCHEMES BECAUSE IT IS A VERY COMPLEX MATTER.
SPEAKING ΤΟ REPORTERS AFTER VISITING THE REGIONAL COUNCIL'S FACILITIES IN TUEN MUN AND YUEN LONG, SIR DAVID SAID: "WE DON'T WANT SUDDENLY RUSH INTO SOMETHING WHICH IS DAMAGING TO THE ECONOMY AND NOT VERY EFFECTIVE FOR THE WORKING FORCE.
ΤΟ
"UP TO NOW WE HAVE TAKEN THE VIEW THAT CENTRAL PROVIDENT FUNDS HAVE NOT BEEN PARTICULARLY EFFECTIVE IN THOSE TERRITORIES WHICH HAVE TRIED TO USE THEM, AND WE ARE LOOKING FOR SOMETHING WHICH WOULD BE MORE FLEXIBLE, HE SAID.
+1
"BUT ABOVE ALL I THINK WE NEED TO TAKE TIME TO LOOK AT THE VARIOUS OPTIONS AND NOT RUSH INTO ONE SCHEME OR ANOTHER, HE ADDED.
SIR DAVID SAID IF THE GOVERNMENT FUNDED THE SCHEME IT WOULD MEAN TAXPAYERS PAYING FOR IT: "WHAT ONE WANTS TO DO IS HAVE SCHEMES FOR RETIREMENT WHICH ARE CONTRIBUTIONS FROM THE PEOPLE WHO BENEFIT, THAT'S THE WORKERS; AND ALSO FROM THEIR EMPLOYERS, NOT NECESSARILY FROM THE OVERALL TAX BASKET; FROM THE TAXPAYERS.
ON A QUESTION ABOUT THE EVOLUTION OF THE LEGISLATIVE COUNCIL, THE GOVERNOR SAID IT WAS IMPORTANT THAT THERE SHOULD NOT BE CHANGES TO THE STRUCTURE OF THE WAY IN WHICH WE RUN THINGS IN HONG KONG.
"BY THAT I MEAN THAT POLICY DECISIONS ARE TAKEN AND LAID DOWN BY THE EXECUTIVE COUNCIL, AND THE ROLE OF THE LEGISLATIVE COUNCIL IS TO PASS LEGISLATION AND TO VOTE MONEY FOR THE PROJECTS WHICH THE ADMINISTRATION PUTS FORWARD.
"SO, POLICY TAKING, POLICY DECISIONS, RESTS WITH THE EXECUTIVE AND THAT'S THE WAY IT'S ALWAYS BEEN DONE AND THAT'S THE WAY I THINK IT -SHOULD GO ON," HE SAID.
SIR
DAVID SAID THE LEGISLATIVE COUNCIL WOULD PROBABLY WANT ΤΟ GRADUALLY EVOLVE NEW WAYS OF DOING THINGS IN THE EXPECTATION OF DOING IT MORE EFFICIENTLY.
"NOW, THAT'S A DECISION THAT THEY'VE GOT TO TAKE THEMSELVES AND HOPE WHAT THEY HAVE IN MIND IS WHAT IS THE MOST EFFICIENT WAY OF CARRYING OUT THE TERRITORY'S BUSINESS," HE SAID.
I
ADOPT WHAT
ASKED ABOUT INFLATION, SIR DAVID SAID: "I THINK AT THE MOMENT INFLATION IS UNCOMFORTABLY HIGH AND WE'RE TRYING TO MEASURES WE CAN TO KEEP IT UNDER CONTROL.
/"I WOULD