XN000022-1988-03-02 — Page 21

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WEDNESDAY, MARCH 2, 1988

"BUT THERE IS A NEED TO LOOK BEYOND THE SHORT AND MEDIUM OF THE AIRPORT AND NEW RELOCATION TOWARDS THR POSSIBLE

THEIR IMPLICATIONS FACILITIES. THESE LONG TERM DEVELOPMENTS AND

+ HE ADDED. RECEIVING CLOSE GOVERNMENT SCRUTINY,

TERM,

PORT

ARB

PRESENT THUS, MR JACOBS CONTINUED, IT FOLLOWED THAT BEYOND THE

GOVERNMENT'S TOTAL PROPORTION OF THE PERIOD A HIGHER

FORECAST

AND INFRASTRUCTURAL SPENDING MIGHT HAVE TO BE DEVOTED TO TRANSPORT DEVELOPMENT EVEN THOUGH WE MIGHT LOOK TO THE PRIVATE SECTOR TO SOME OF THE FINANCIAL BURDEN.

"BEARING IN MIND

OUR

INCREASING

ASSUMB

COMMITMENTS TO THE SOCIAL SECTOR INVESTMENT ON OUR TRANSPORT SERVICES ANY ADDITIONAL PUBLIC

IN ORDER TO BE CAREFULLY COORDINATED INFRASTRUCTURE WILL NEED TO

BREACHED, HR ENSURE THAT OUR OVERALL EXPENDITURE GUIDELINES ARE NOT SAID.

"

AS REGARDS THE MANUFACTURING INDUSTRY, MR JACOBS SAID THE WELL-

THE IMPORTANCE OF

OTHER FINANCIAL AND PUBLICISED RAPID GROWTH IN

OVERSHADOWED THE VITAL CONTRIBUTION SERVICES SECTORS HAD SOMETIMES

HAD MADE TO HONG KONG'S ECONOMIC THAT THE MANUFACTURING INDUSTRY SUCCESS.

ECONOMY, OUR

"INDUSTRY REMAINS A MAINSTAY OF SOME 22 PER CENT OF OUR GROSS DOMESTIC PRODUCT TOTAL EMPLOYMENT, HE SAID.

++

ACCOUNTING FOR AND 34 PER CENT OF

DIRECTION

WAS THAT OF THE

HONOURED PHILOSOPHY DETERMINE

THE

TIME THE HE POINTED OUT THAT MARKET FORCES SHOULD BE ALLOWED TO INDUSTRY AND BUSINESS DECISIONS SHOULD BE MADE BY BUSINESSMEN,

THE "NEVERTHELESS,

ACCEPTS GOVERNMENT

A

RESPONSIBILITY

TO

WITH THE AVAILABILITY ENSURE A FAVOURABLE ENVIRONMENT FOR INDUSTRY, OF THE NECESSARY INFRASTRUCTURE AND SUPPORT SERVICES."

ΤΟ INDUSTRIAL SPEND, SUBJECT TO THE THAN

SO, HE SAID, ON SERVICES RELATED THE GOVERNMENT WAS PLANNING TO COUNCIL'S APPROVAL, SIGNIFICANTLY MORE YEARS.

1988-89 IN

DEVELOPMENT, LEGISLATIVE

IN

EARLIER

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