XN000022-1986-02-26 — Page 48

WEDNESDAY, FEBRUARY 26, 1986

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THE $2.8 BILLION EXPENDITURE IN 1986-87 WAS 5.8 PER CENT OF TOTAL EXPENDITURE. THIS SHARE HAD RISEN FROM 4.2 PER CENT IN 1981-2.

AS TO WHETHER ITS EXPANSION WAS TOO PRONOUNCED, HE SAID HE FELT THAT A FAIR DEGREE OF BALANCE SEEMED TO BE EVIDENT, BUT, HE COULD NOT ACCEPT THE VIEW THAT MORE MONEY WAS THE ANSWER TO ALL PROBLEMS.

+CONTROL REMAINS ESSENTIAL. THERE IS OTHERWISE NO LIMIT TO WHAT DECENT PEOPLE CAN SPEND, + HE SAID.

SOCIAL WELFARE SERVICES INCLUDE SOCIAL SECURITY, MAINLY PUBLIC ASSISTANCE AND SPECIAL NEEDS ALLOWANCES, SERVICES FOR OFFENDERS, FAMILY WELFARE, SERVICES FOR THE ELDERLY, COMMUNITY BUILDING, PERSONAL SOCIAL WORK AMONG YOUNG PEOPLE AND REHABILITATION.

REVENUE PROTECTION ORDERS SIGNED

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THE FINANCIAL SECRETARY'S PROPOSALS CONCERNING DUTIABLE COMMODITIES AND TRANSPORT LICENCE FEES WERE THE SUBJECT OF PUBLIC REVENUE PROTECTION ORDERS SIGNED BY THE GOVERNOR, SIR EDWARD YOUDE, THIS (WEDNESDAY) MORNING.

SIR JOHN BREMRIDGE SAID HIS PROPOSALS FOR BANK AND DEPOSIT- TAKING COMPANY LICENCE FEES WOULD BE THE SUBJECT OF FURTHER PUBLIC REVENUE PROTECTION ORDERS AT THE END OF MARCH, AND AMENDING LEGISLATION WOULD BE INTRODUCED INTO THE LEGISLATIVE COUNCIL SHORTLY THEREAFTER.

DURING THE CURRENT SESSION, THREE OTHER BILLS WOULD ALSO BE INTRODUCED INTO THE COUNCIL TO GIVE EFFECT TO HIS PROPOSALS ON STAMP DUTY, ESTATE DUTY AND TAX CONCESSIONS, HE ADDED.

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FS'S SPEECH ON TV AND RADIO

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FOLLOWING IS THE TEXT OF THE BUDGET SUMMARY DELIVERED BY THE FINANCIAL SECRETARY ON TELEVISION AND RADIO STATIONS THIS (WEDNESDAY) EVENING:

+WE HAVE EXPERIENCED FOUR DIFFICULT YEARS AS GOVERNMENT REVENUE HAS BEEN INCREASED AND EXPENDITURE RESTRAINED. SUCCESS NOW ATTENDS OUR EFFORTS.

/+IN PLACE