XN000022-1988-10-20 — Page 3

1

THURSDAY, OCTOBER 20, 1988

THREE MAIN FACTORS TAKEN INTO CONSIDERATION: FS

* * * * *

AMOUNT

DISCUSSION THAT HAS AN EXPO IN HONG THE GOVERNMENT SHOULD GIVE THE FINANCIAL SECRETARY,

TODAY LEGISLATIVE

PUBLIC OF HAVING REGARD TO THE TAKEN PLACE IN RELATION TO THE PROPOSAL OF HOSTING KONG IN 1997, IT IS ENTIRELY RIGHT THAT THE MATTER FULL AND SERIOUS CONSIDERATION, THE HON PIERS (THURSDAY).

JACOBS,

SAID IN

THE

PROPOSAL

THREE

COUNCIL

PROPOSAL, MR JACOBS

HAD FACTORS

BEEN

MAIN

WINDING UP THE MOTION DEBATE ON THE EXPO

THE SAID THAT IN EXAMINING UPPERMOST IN THE MIND OF THE ADMINISTRATION.

THE FIRST FACTOR WAS WHETHER HOSTING AN EXPO WAS ESSENTIAL, JUST DESIRABLE, IN THE OVERALL INTERESTS OF HONG KONG.

NOT

THE OTHER FACTORS WERE BUDGETARY CONSTRAINTS AND THE EFFECT ECONOMIC DEVELOPMENTS.

ON

TO DIFFICULT "IN THE RUN-UP TO 1997, IT IS ECONOMY WILL PERFORM, VULNERABLE AS WE ARE TO EXTERNAL DEGREE OF CAUTION IS THEREFORE ALWAYS NECESSARY,

11

ΤΟ A NUMBER OF MAJOR "HONG KONG WILL BE HEAVILY COMMITTED

AHEAD, IN ADDITION TO THE INFRASTRUCTURAL PROJECTS OVER THE YEARS CURRENT COMMITMENTS TO

SOCIAL SERVICES, OUR PROGRAMMES IN HOUSING, EDUCATION AND SO ON.

PREDICT HOW

INFLUENCES.

THE A

MR JACOBS SAID.

"IF WE WERE

TO

ACCOMMODATE EXPO, IT IS

ALTER THE ALMOST

TIMING INEVITABLE

PROJECTS OF VARIOUS THAT SOME WITH A

ΤΟ HIGH

PRIORITY WOULD HAVE TO BE DEFERRED.

THAT

COST ABOUT $7 WHICH COULD HAD BEEN

THE PROJECT WOULD MR JACOBS ESTIMATED BILLION, WHICH, HE SAID, WAS NOT A SMALL AMOUNT OF MONEY BE EASILY FITTED INTO HONG KONG'S CONSTRUCTION PROGRAMME AS SUGGESTED.

COST OF

TUEN THE

THE

MUN HOSPITAL, "IT IS THE EQUIVALENT EASTERN HOSPITAL AND THE SECOND HARBOUR TUNNEL ALL ADDED TOGETHER," HE SAID.

WE ARE AT PRESENT

WHAT THAT REMEMBER "IT IS IMPORTANT TO PLANNING WILL BE OF LONG-TERM BENEFIT TO HONG KONG.

IN ITSELF IS OF THE BENEFITS ARE

"TO INTERRUPT OUR PLANS WITH A PROJECT THAT TO WHICH SHORT-TERM DURATION AND IN RELATION UNCERTAIN IS OF DOUBTFUL WISDOM, HOWEVER PRAISEWORTHY THE MOTIVATION."

MR JACOBS SAID AN OVERLOADED ECONOMY COULD HIGHER INFLATION RATE WITH ALL THE PAIN THAT COULD ENTAIL.

WELL RESULT IN

A

"I DO ...