XN000022-1974-03-14 — Page 21

Thursday, March 14, 1974

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He thought that the collection of existing taxes within the present

tax framework should be streamlined although he doubted very much the propriety

of the present post-war devised tax system and its effective enforcement

within the limited resources of the Inland Revenue Department.

Referring to the government's overall policies, Mr. Sayer stressed

that it had been right in the past and its projections for the years ahead

are well. tuned to the rather specialised circumstances of our existence."

"The question which must exercise our minds in the future, if

we are to ensure improved living standards and an orderly development of

is the extent of control we need of government and how much

our economy,

we can expect, "Ihe stressed.

He pointed out that there was now a better understanding and

acceptance among the population of Hong Kong of the necessity for greater

participation by the government in every facet of their daily lives

observed.

"Indeed, this trend has been growing for a number of years," he

To him, there is a greater willingness to put something back into

the community and the government has done much to foster this spirit.

"At the same time," he added, "we must allow the enterprising

and industrious spirit of our people to flourish and at all times to

maintain public confidence in the future of Hong Kong."

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