17
Wednesday, March 14, 1973
The certificate could then be used for tax allowance or for
public assistance, he explained.
As regards the proposed abolition of tax on cinema admission
charges, Mr. Wang felt that this concession should apply only to tickets
for films classified as "suitable for children."
On the other hend, he thought that it might be extended to
other categories of films "if the cinemas concerned are prepared to
restrict their audiences in careful compliance with the ruling of the
censors."
However, Mr. Wang said he could see "no good reason" why life
insurance should be singled out for relief.
Scheme
To encourage individual saving and at the same time enhance
Hong Kong's development projects, he urged the Government to consider
some scheme of utilising the vast wealth of surplus money in the middle
income group.
"Such schemes," he explained, "may take the form of social
security, pensions or gratuities, medical and health benefits or just
simple savings bonds."
He added he would favour tax relief for a person participating
in such a Government-sponsored scheme.
Turning to fiscal and administrative policies, Mr. Yang said
Hong Kong was lagging too far behind in the provision of social and
community services,
These services, ................
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