XN000022-1989-04-26 — Page 18

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WEDNESDAY, APRIL 26, 1989

IN FACT, SEPARATE TAXATION FOR MARRIED WOMEN WAS SEEN TO MERE YIELDING TO PUBLIC PRESSURE, HE SAID.

BE A

AS ACCOMMODATE SUCH

SET ASIDE FUNDS HE SAID ALTHOUGH THE FINANCIAL SECRETARY HAD FOR FUTURE PROJECTS SUCH AS A NEW AIRPORT, THERE WAS NO INDICATION TO HOW WE COULD INCREASE OUR PRODUCTION CAPACITY TO A VAST PUBLIC INVESTMENT IN THE NEAR FUTURE.

MOREOVER, HE SAID

THE

TRANSFER OF

CURRENT

TAX

ΤΟ REVENUE MAKING THE

FINANCE FUTURE CAPITAL PROJECTS WOULD BEG THE QUESTION OF PRESENT GENERATION PAY FOR THE BENEFIT OF THE FUTURE GENERATIONS.

H

SAVE FOR OUR ALTHOUGH IT IS A TRADITIONAL CHINESE VIRTUE TO

BENEFITS SHOULD ALSO POSTERITY, WE MUST ALSO KEEP IN MIND THAT SOME

IN ORDER то MAKE HONG KONG A BE GIVEN TO THE PRESENT GENERATION BETTER PLACE TO LIVE AND WORK," HE SAID.

ONLY FIVE SHOULD BE IN

NOTING THAT EDUCATION EXPENDITURE WOULD INCREASE BY PER CENT IN REAL TERM, DR TSE STRESSED THAT THE GROWTH STEP WITH THAT OF THE ECONOMY.

"I WOULD EVEN ARGUE THAT EDUCATION EXPENDITURE SHOULD A FASTER RATE THAN THE ECONOMY IN VIEW OF THE SO CALLED 'BRAIN

HE SAID. PROBLEM THAT THE COMMUNITY IS FACING,

GROW AT

DRAIN'

TO

IN MIND, HE URGED THE WITH THE CAPACITY CONSTRAINT PROBLEM GOVERNMENT TO REVIEW THE EDUCATIONAL EXPENDITURE IN THE BUDGET AND

ALLOCATION SCHEME TO DIFFERENT EVALUATE WHETHER, THE EXISTING FUND EDUCATIONAL SECTORS WAS OPTIMAL.

EXAMINE THE FACTORS THAT MARRIED WOMEN,

BE USED ΤΟ CAN BE PEOPLE

HE ASO CALLED ON THE GOVERNMENT TO WOULD INFLUENCE THE SUPPLY OF LABOUR, ESPECIALLY AND TO DETERMINE HOW SOME OF THE CURRENT SURPLUSES COULD

THAT THE SO

TALENTED IMPROVE THE QUALITY OF LIFE RETAINED AND THOSE WHO HAVE LEFT ARE ATTRACTED TO RETURN.

EDWARD HO CALLS FOR SOLUTION TO TIGHT LABOUR SUPPLY SITUATION

*

HONG KONG SHOULD NOT RISK HIGHER AND HIGHER

INFLATION COUPLED SHOULD SEEK A REASONABLE WITH REDUCTION OF OUR COMPETITIVENESS BUT

EDWARD SOLUTION TO RELIEVE OUR TIGHT LABOUR SUPPLY SITUATION, THE HON HO SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

SPEAKING DURING THE RESUMED DEBATE ON THE 1989

HO

BUDGET, MR THE FINANCIAL SECRETARY, APPARENTLY CONCLUDED UNTIL OUR ECONOMY SLOWED OF A

SAID HE FOUND IT EXTREMELY DISTURBING THAT HAVING IDENTIFIED INFLATION AS A MAJOR PROBLEM, THAT THERE WAS VIRTUALLY NO SOLUTION TO IT DOWN; AND THAT IN PARTICULAR, THE SLOW DOWN WOULD BE THE RESULT REDUCTION OF OUR COMPETITIVENESS,

/"1ON ONE ..............