19
1
Thursday, March 15, 1973
At the present rate of increase in car registration, the surface
traffic might come to a complete halt before the underground railway
is utilisable in five years' time.
"Private cars are here to stay and to increase, with or without
the Underground. The introduction of a system of elevated expressways
as in Tokyo should go a long way in speeding up traffic flow," Mr. Wu said.
On tax reforms, he said the Financial Secretary was treading
on very dangerous ground when he proposed no deductions for dependent
parent's relief and for life insurance and similar payments.
He believed it would be very wrong for the Government to be
seemingly trading off the two traditionally Chinese virtues of filial
piety and thrift for a mere total of $5.5 million per year, particularly
at a time when the system of providing for social security had hardly
gotten off the ground.
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