XN000022-1988-11-16 — Page 17

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WEDNESDAY, NOVEMBER 16, 1988

HE POINTED OUT THAT A WORKING GROUP, CHAIRED BY THE DIRECTOR OF INDUSTRY, WOULD SOON COMPLETE ITS CONSIDERATION OF HOW BEST TO ENSURE THAT TECHNOLOGISTS COULD BE KEPT UP TO DATE

DEVELOPMENTS.

IN ADDITION, MR JACOBS SAID, THE PROPOSED QUALITY PROGRAMME WAS YET ANOTHER EXAMPLE OF THE WAY IN WHICH NEW WERE BEING FORMULATED TO UPGRADE INDUSTRY.

WITH NEW

IMPROVEMENT INITIATIVES

"WE ARE FIRMLY COMMITTED TO CONTINUING THIS PROCESS, IN PARTNERSHIP WITH THE PRIVATE SECTOR, HE SAID.

即申

MR JACOBS SAID WITH THE ECONOMY OPERATING CLOSE ΤΟ CAPACITY, INFLATION HAD BECOME ONE OF THE MAJOR CONCERNS.

SAID.

"THERE ARE AS YET FEW SIGNS THAT THE PRESSURE IS EASING," HE

"PAINFUL THOUGH INFLATION IS, RELATIVELY FEW POLICY OPTIONS OPEN ΤΟ A ECONOMY, WHICH HAS BECOME INCREASINGLY ECONOMIES THROUGHOUT THE WORLD, HE ADDED.

++

THERE ARE UNFORTUNATELY SMALL EXTERNALLY ORIENTED INTERDEPENDENT WITH OTHER

"ALTHOUGH IN THE SHORT TERM I HAVE LITTLE TO OFFER BY WAY OF COMFORT. THE NECESSARY ADJUSTMENTS WILL TAKE PLACE, PROBABLY REFLECTED INITIALLY BY A SLOWER GROWTH RATE IN OUR ECONOMY THAN WE HAVE EXPERIENCED IN THE RECENT PAST.

"THEREAFTER, I HAVE NO DOUBT THAT HONG STRONG GROWTH AND THAT THIS WILL HAPPEN FUNDAMENTAL CHANGES IN OUR ECONOMIC POLICIES,'

KONG WILL AGAIN ENJOY WITHOUT OUR MAKING MR JACOBS SAID.

AIRPORT FACILITIES CONTINUOUSLY BEING UPGRADED

FACILITIES AT KAI TAK AIRPORT ARE CONTINUOUSLY BEING UPGRADED AND IMPROVED TO KEEP PACE WITH DEMAND, THE FINANCIAL SECRETARY, THE HON PIERS JACOBS, SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

SPEAKING IN THE RESUMED DEBATE ON THE GOVERNOR'S ANNUAL ADDRESS, MR JACOBS SAID CONSULTANTS AND JUST SUBMITTED THEIR REPORT ON KAI TAK'S ULTIMATE CAPACITY AND DEVELOPMENT POTENTIAL.

TAKEN TOGETHER, THE CONSULTANTS' RECOMMENDATIONS SHOULD BNABLE KAI TAK VO MEET DEMAND WELL INTO THE 1990'S, HE SAID.

/"THEY HAVE .....................