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not lightly change any policy if the results might prejudice free enterprise,

free trade and free competition.

We believe that Hong Kong provides conditions which offer very

attractive terms to investors and will enable them to manage industries which

remain competitive and viable in all conditions. In particular, the Government is determined to maintain our low tax structure and our free port benefits. We will continue to allow funds to be imported and remitted freely. And we

will continue to welcome enterprising men from overseas who wish to establish

wholly-owned subsidiaries, joint ventures or locally controlled corporations.

Perhaps I should make it clear that our disinclination to interfere

with the conduct of business does not mean that we are unwilling to help. We shall continue to develop technical education, industrial training, and those other services on which industry relies, if it is to improve its productivity and performance. In the future, as in the past, changes which are mode to our industrial policies will be aimed at assisting industry and not at restricting

it.

I have no doubt Mr. Evinrude that your executives will maintain the

close and friendly relationships which you have already established with the

Government, and particularly with the Commerce and Industry Department. We

are always ready to provide to industry whatever assistance is within our

power, And when you do not need our help we will leave you alone to get on

with the business of making marine engines, to our mutual advantage.

Your company is a welcome member of our cosmopolitan community. We

will do our best to provide you with the skilled labour and services which

you require, We shall continue to improve internal communications, technical education and the total environment within which you, and the rest of Hong

Kong industry, can operate to the maximum effectiveness. Within such an

environment, I am sure that Evinrude and Johnson outboard engines will be

produced profitably, and at the same high level of quality which has made

them famous throughout the world.

We are