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While no doubt land at reasonable prices for the sort of new

industries we need, and continuation of our attractive fiscal environ-

ment, coupled with the enterprise of our businessmen, are the best aids

to profitable diversification, I await with the greatest interest the

report of the Advisory Committee on Diversification.

I very much hope it will point to other ways by which this

process of diversification can be accelerated.

But basically we must rely on the ingenuity of our businessmen

individually, and collectively in such bodies as the Federation of

Hong Kong Industries, the Chinese Manufacturers' Association, the

Trade Development Council, the Productivity Centre and of course this

Chamber to develop both new markets and new products.

For my part I would like to pay my tribute to the men who

give so much of their time and effort to making organisations such

as this the dynamic forces which they are in the development of

Hong Kong.