XN000022-1987-03-18 — Page 1

IS

DAILY INFORMATION BULLETIN

ISSUED BY GOVERNMENT INFORMATION SERVICES BEACONSFIELD HOUSE, HONG KONG. TEL: 5-233191

WEDNESDAY, MARCH 18, 1987

CONTENTS

PAGE NO.

LEGISLATIVE COUNCIL MOTRIG :

ASSET CRITERIA FOR FOREIGN BANKS MORE FLEXIBLE

NEED TO FRØSERVE AED FOSTER FAVOURABLE ECONOMIC

ENVIRONMENT

SUPPORT FOR MAINTAINING LOW TAX RECIME

NEED TO RATIONALISE TAX SYSTEM

2

4

5

PROS AND CONS OF INDIRECT TAÆNTION MAAMINED

7

CALL FOR MORD RESEARCH AND DEVILLOPMENT DETORTS

9

WARNING AGAINST UNSCRUPULOUS OVERSELLS INVESTORS

FAIR SHARE OF TAX FOR EVERYONE

11

12

CALL TO MONITOR +SECURITISAFION+ ACTIVITIES

14

HK'S POSITION AS FINANCIAL CENTRE MUST BE RETAILED

18

BROADLY-BASED INDIROT TAX SYSTA HOT MOLDED

20

TIME FOR ANOTHER RØVDEŇ OF TAX POLICY

22

FROPOSAL TO SPREAD TAX BUNDEN CRITICISED

24

MORE FUNDS NEEDED TO IMPROVE NURAL FACILITIES

26

BUDGET TOO CONSERVATIVD AND CAUTIOUS ...

28

LABOUR FROBLEMS LEFT UNHEDE

29

WAYS TO IMPROVE INDUSTRIAL DEVELOPMENT PROPOSED

30

/BROADLY-BASED