TUESDAY, SEPTEMBER 13, 1988
"THUS, THE REVISED FORECAST INCREASE IN THE CPI(A) FOR 1988 AS
A WHOLE IS A LITTLE HIGHER AT 7.5 PER CENT.
**THE ZXPECTED RATE OF INCREASE IN THE GDP DEFLATOR 18 AROUND EIGHT PER CENT, PUSHED UP BY MUCH HIGHER BUILDING AND CONSTRUCTION COSTS.
**IN PER
CAPITA TERMS, GDP AT CURRENT PRICES IN 1988 IS FORECAST TO BE ABOUT $73,100 OR US$9,370, HE SAID.
IN
CONCLUDING HIS REVIEW, MR JACOBS NOTED THAT IN HIS SPEECH THIS YEAR'S BUDGET DEBATE HE EMPHASISED THE NECESSITY OF MAINTAINING STABILITY AND CONTINUITY IN THE MANAGEMENT OF OUR ECONOMY.
HE STRESSED THAT THESE WERE NOT EMPTY WORDS: "THEY ARE THE ESSENCE OF OUR POLICIES.'
+
HE DID
HE SAID WE HAD HAD TWO REMARKABLE YEARS, AND CERTAINLY NOT BELIEVE THAT OUR GOOD FORTUNE WAS ABOUT TO CHANGE DRAMATICALLY.
"BUT I AM AWARE THAT WE ARE NOW IN A MORE COMPLEX SITUATION. WE ARE AFFECTED BY EXTERNAL EVENTS BEYOND OUR CONTROL AND IN THIS SITUATION IT IS CLEARLY INCUMBENT UPON THE GOVERNMENT TO DO ALL THAT IT CAN TO ENSURE THAT WE ARE ABLE TO ADAPT TO MEET THE NEW CHALLENGES THAT ARISE.
"THIS WILL NOT ALWAYS BE EASY, AND MAY ON OCCASIONS BE SOMEWHAT PAINFUL.
"BUT IF WE CONTINUE TO PLAN AND AUT WITH THE LONGER TERM IN VIEW, THERE IS NO REASON WHY WE SHOULD BE DEFLECTED FROM OUR QUEST FOR A STABLE AND PROSPEROUS LIFE FOR OUR WHOLE COMMUNITY,
中华
HE SAID.
THE PRINCESS ROYAL TO ARRIVE FOR FOUR-DAY VISIT
HER ROYAL HIGHNESS, THE PRINCESS ROYAL, ARRIVES (SEPTEMBER 15) EVENING FOR A FOUR-DAY VISIT TO HONG KONG.
ON THURSDAY
THE PEINCESS ROYAL WILL BEGIN TWO FULL DAYS OF ACTIVITIES ON FRIDAY MORNING WHEN SHE TOURS THE ZOOLOGICAL AND BOTANICAL GARDENS. SHE WILL BE ACCOMPANIED BY THE GOVERNOR, SIR DAVID WILSON.
/LATER IN
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