XN000022-1973-10-31 — Page 15

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Wednesday, October 31, 1973

This allowance system, he suggested, should take into account

the needs of the individual so that the percentage awards might well

be greater at the lowest levels, with a sliding scale for allowances for

those in the higher brackets.

He attributed the recent alarming increase in living costs to

"imported inflation" and "unjustified profiteering" and urged the government

to take at least "minimum steps" to tackle the problem.

This should include a full explanation of what the situation was

and what steps could be taken to deal with it; a constant review and control

of prices for essential commodities to curb unjustified profiteering; and

a search for new sources of supplies designed to bring down prices.

Earlier, Mr. Woo thanked the Governor for his opening address to

the Legislative Council, two weeks ago. Mr. Woo described it as "one of the

Commentative finest speeches ever made to this Council" and certainly "the most monumental".

He said there had never before been such vigorous leadership at

top government level, and it had proven in many spheres that the unchangeable

could be changed and the unachievable achieved.

"Here then is an unparalleled opportunity for a new start, a new

civic consciousness, a new morality," he said.

He emphasised, however, that it was now up to the community at large

"The key is corporate involvement, " he said. "This can lead

to respond.

us towards a corporate philosophy and a corporate identity."

/He also