XN000022-1988-03-17 — Page 27

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THURSDAY, MARCH 17, 198

THAT

AND

THIS

MR MACLEOD NOTED THAT TEXTILES, UNDER THE MFA, WAR AN EXCEPTION TO THE NORMAL GATT RULES AND

THE DOMESTIC U.9. EUROPEAN INDUSTRIES WERE SO PROTECTED THAT THEY HAD GOT USED SITUATION.

то

EXPERT

AT

"THEY HAVE IN THE PROCESS UNFORTUNATELY BECOME INFLUENCING AND MANIPULATING LEGISLATORS, GOVERNMENTS, PUBLIC OPINION.

"AND SO WE CAN CONFIDENTLY PREDICT THAT THE U.S. TEXTILE WILL NEVER GIVE UP. ALSO, THE EEC INDUSTRY KEEP PROTECTION AS LONG AS POSSIBLE.

IS

GENERALLY

CONTENT

LOBBY

ΤΟ

"

AS TO THE DANGER OF UNILATERAL LEGISLATION, HE SAID RISKS GENUINELY BEING WOULD UNDOUBTEDLY CONTINUE, ADDING THAT EFFORTS WERE MADE IN THE URUGUAY ROUND WHILE THE STOCK MARKET CRASH IN OCTOBER A SOBERING EFFECT, UNDERLINING THE INTERDEPENDENCE

ECONOMIES THE FRAGILITY OF THE SYSTEM.

OF

HAD

AND

MR MACLEOD HOWEVER SAID THE CONCLUSION TO BE DRAWN WAS NOT DEFEATISM.

"WE NEED TO CONTINUE TO DO ALL WE CAN TO ENSURE WE ARE QUICK AND FLEXIBLE, AND ABLE TO MAKE THE BEST OF A CRISIS SITUATION.

"ONE SAVING GRACE OF THE PRESENT SYSTEM IS THAT BECAUSE RESTRAINTS ARE IN VOLUME TERMS, THERE IS AN IN-BUILT INCENTIVE TO UPGRADE THE PRODUCT. THIS TREND HAS BEEN VERY EVIDENT IN HONG KONG."

ON THE GOVERNMENT'S PART, HE SAID IT WOULD CONTINUE TO PLACE A VERY HIGH PRIORITY ON DOING ALL IT COULD TO INFLUENCE EVENTS.

TEXTILE LOBBIES

"WE HAVE A VERY GOOD STORY TO TELL. THE U.S. ARE UNDOUBTEDLY VERY STRONG, BUT THEY ARE NOT ALL-POWERFUL; THERE FORCES OF RESTRAINT AND REASON ON THE OTHER SIDE.

ARE

-

TUNNEL BUS LANE AND TIDAL-FLOW SCHEME TO BE EXTENDED

THE EXISTING BUS-ONLY LANE ON THE KOWLOON-BOUND CARRIAGEWAY LION ROCK TUNNEL ROAD WILL BE EXTENDED FROM 7.30 AM ON MONDAY (MARCH 21) AS ONE OF THE MEASURES TO REDUCE BUS JOURNEY ΤΙΜΕ THE TUNNEL CORRIDOR, THE TRANSPORT DEPARTMENT ANNOUNCED (THURSDAY).

OF

ALONG TODAY

AND

AT THE SAME TIME, FROM MONDAY TO MARCH 31, EXCEPT SATURDAY SUNDAY, THE TIDAL-FLOW ARRANGEMENT CARRIED OUT AT THE LION ROCK TUNNEL BETWEEN 6 AM AND 7.30 AM WILL BE EXTENDED BY 10 MINUTES TO END AT 7.40 AM.

THE BUS