WEDNESDAY, APRIL 1, 1987
26
MR HO SAID THAT ADDITIONAL PROVISIONS HAD BEEN INCLUDED IN THE DRAFT ESTIMATES TO EXTEND THE PRODUCTIVITY ENHANCEMENT SERVICES OF THE HONG KONG PRODUCTIVITY COUNCIL, AND THE QUALITY PROMOTION AND INDUSTRIAL INVESTMENT PROMOTION SERVICES OF THE INDUSTRY DEPARTMENT.
HE SAID THAT THE GOVERNMENT WAS CURRENTLY TAKING AN ACTIVE PART IN THE DELIBERATIONS OF THE WORKING PARTY OF THE HONG KONG ASSOCIATION OF BANKS TO STUDY VENTURE CAPITAL OPERATIONS.
REFERRING TO THE CALL FOR GOVERNMENT STIMULATION OF INVESTMENT OR RE-INVESTMENT IN INDUSTRY, MR HO SAID THIS WAS PROBABLY NOT A CODED MESSAGE FOR THE GOVERNMENT TO START THINKING OF INVESTMENT GRANTS.
+THIS SORT OF THINKING IS JUST NOT ON. IN THE FIRST PLACE THERE IS NO CASE FOR TRANSFERRING ONE MANUFACTURER'S MONEY INTO THE POCKET OF ANOTHER.
+SECONDLY, SUBSIDIES ARE LIABLE TO BE NEUTRALISED ON THE IMPORTATION OF GOODS THUS PRODUCED BY COUNTERVAILING DUTIES.
+ IF I MAY SAY SO THE BEST INCENTIVE TO INVESTMENT IS THE ABILITY OF THE ENTREPRENEUR TO KEEP HIS PROFITS IN HIS OWN POCKET.+
ON PROTECTIONISM, HE SAID THE GOVERNMENT WAS FULLY AWARE OF THE NEED TO COUNTER MOVES BY PROTECTIONISTS IN HONG KONG'S MAJOR MARKETS, AND WOULD LEAVE NO STONE UNTURNED IN OUR MULTI-FACETED APPROACH TOWARDS THIS PROBLEM.
+ IN THE UNITED STATES OUR RESOURCES WILL BE DEPLOYED TO EVEN BETTER EFFECT WHEN THE OPPORTUNITY PRESENTS ITSELF IN THE AUTUMN FOR OUR SENIOR REPRESENTATIVE TO BE LOCATED IN WASHINGTON, AND OUR OFFICE THERE WILL ALSO BE MOVED TO MORE SPACIOUS NEW PREMISES TO ACCOMMODATE OUR HARDWORKING STAFF,+ HE SAID,
SIGNIFICANT CONTRIBUTION BY ERIC HO COMMENDED *****
+
THE ACTING GOVERNOR SIR DAVID AKERS-JONES, TODAY (WEDNESDAY) SAID THE GOOD SENSE AND CALM DETERMINATION OF THE RETIRING SECRETARY FOR TRADE AND INDUSTRY, THE HON ERIC HO, ENABLED MANY COMPLEX TRADE ISSUES TO BE RESOLVED, MOST NOTABLY THE RENEGOTIATION OF THE MULTI-FIBRE ARRANGEMENT AND ASSOCIATED BILATERAL TEXTILE AGREEMENTS.
IN A VALEDICTORY DELIVERED IN THE LEGISLATIVE COUNCIL, SIR DAVID SAID THAT MR HO SUCCESSFULLY IMPLEMENTED THE REORGANISATION OF THE FORMER TRADE, INDUSTRY AND CUSTOMS DEPARTMENT,
/+THIS PERIOD
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