XN000022-1972-03-15 — Page 1

4000091 P.R.H. 7

HONG KONG GOVERNMENT

NFORMATION SERVICES

DAILY INFORMATION BULLETIN

Wednesday, March 15, 1972

GOVERNMENT HAS FAILED TO ACHIEVED ITS INTENTIONS:

HON. SIR Y.K. KAN

Senior Unofficial Member Criticises "Conservatism and

Pessimism" in Legislative Council's Budget Debate

The Hong Kong Government has failed to achieve all that it should have

achieved, the Senior Unofficial Member of the Legislative Council, the Hon.

Sir Yuet-keung Kan, said today.

Speaking in the resumed debate on the Budget, Sir Yuet-keung said

although Government's intentions were "unexceptionable", unfortunately the way

in which it had set about putting these into effect was open to criticism.

"There have been several reasons for this," Sir Yuet-keung said,

There had been a serious deficiency in forward planning and Government

activity in general had been, to a large extent, "moulded and restricted by a

financial policy" which, in his opinion, had erred on the side of "conservatism

and pessimism,"

Sir Yuet-keung said, although he would hesitate to suggest that Government

had not all along felt confidence in the ability of the people of Hong Kong to

achieve what they had so notably succeeded in achieving in the past two decades,

"this confidence has not made itself manifest in Government policy,"

"Indeed, ...