XN000022-1988-01-11 — Page 2

MONDAY, JANUARY 11 1988

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PRIVATE SECTOR'S ROLE IN FACE OF PROTECTIONISM

CONSIDERABLE

EFFORTS то FIGHTING

THE GOVERNMENT HAS DEVOTED PROTECTIONISM FOR MANY YEARS, AND THE PRIVATE SECTOR ALSO HAS AN IMPORTANT ROLE TO PLAY IN PUTTING ACROSS HONG KONG'S CASE, GOVERNOR, SIR DAVID WILSON, SAID TODAY (MONDAY).

THE

SIR DAVID WAS SPEAKING AT THE GALA FASHION PRESENTATION OF THE HONG KONG FASHION WEEK WHICH HE DESCRIBED AS 'AN OPPORTUNITY ΤΟ DEMONSTRATE THAT OUR PRODUCTS OFFER EXCELLENT VALUE FOR MONEY ΤΟ OUR OVERSEAS BUYERS".

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WHILE NOTING THAT HONG KONG WAS THE WORLD'S THIRD LARGEST GARMENT EXPORTER WITH CLOTHING ACCOUNTING FOR SOME 34 PER CENT OF THE TERRITORY'S DOMESTIC EXPORTS, HE POINTED OUT THAT OUR CLOTHING EXPORTS WERE EXTREMELY VULNERABLE TO PROFECTIONIST SENTIMENT OVERSEAS.

THAT

"THOSE WHO ADVOCATE PROTECTIONIST MEASURES SHOULD REMEMBER PROTECTIONISM

THE RESTRICTION OF COMPETITION IN THE THAT CONSUMERS HAVE ΤΟ PAY HIGHER

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MARKETPLACE INEVITABLY MEANS PRICES. HE SAID.

BESIDES, HONG KONG WAS NOT JUST AN EXPORTER, BUT A MAJOR MARKET IN ITS OWN RIGHT, SIR DAVID STRESSED.

"WE ARE IN FACT THE THIRD LARGEST IMPORTER OF TEXTILES IN THE WORLD. WE WELCOME IMPORTS FROM EACH AND EVERY COUNTRY IN THE WORLD.

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"PLACES LIKE HONG KONG AND SINGAPORE WHICH HAVE OPEN MARKETS DESERVE TO BE TREATED WELL. AS AN ENCOURAGEMENT TO OTHERS TO RE SIMILARLY OPEN, HE SAID, ADDING ГНАТ THESE PLACKS SHOULD NOT BE PENALISED AS PART OF AN ATTEMPT TO DEAL WITH THE PROBLEMS CREATED BY SOME OTHER KCONOMIES WHICH BOILT UP MASSIVE SURPLUSES BEHIND PROTECTIVE BARRIERS.

TURNING TO THE GALA FASHION PRESENTATION, THE GOVERNOR CONGRATULATED THE TRADE DEVELOPMENT COUNCIL. FOR ORGANISING THE EVENT AND PAID TRIBUTE TO HONG KONG'S DESIGNERS, MANUFACTURERS AND EXPORTERS FOR THEIR CONTRIBUTION TO THE CONTENGING COMPETITIVENESS OF THE TERRITORY'S GARMENT INDUSTRY,

JUDICIAL SALARIES COMMISSION TO BE FORMED

OF

(J.S.C.),

A STANDING COMMITTEE ON JUDICTAL SALARIES AND CONDITIONS SERVICE TO BE DESCRIBED AS THE JUDICIAL SALARIES COMMISSION WILL. BE ESTABLISHED BY THE GOVERNOR, SAID THE CHEF JUSTICE,

SIR DENYS ROBERTS, TODAY (MONDAY),

THIS WILL BE ABLE TO ASSESS JUDICTAL SALARIES INDEPENDENTLY FROM THOSE OF THE PUBLIC SERVICE AS A WHOLE, SO THAT IN THE FUTURE IT SHOULD BE POSSIBLE TO TAKE INTO ACCOUNT, WHEN ASSESSING THEM, THE SPECIAL NEEDS OF A JUDICIAL SERVICE, SIR DENYS SAID.

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