XN000022-1989-11-01 — Page 5

WEDNESDAY, NOVEMBER 1, 1989

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SPENDING ON MAMMOTH PROJECTS SHOULD BE PROPERLY MONITORED

WITH THE ANNOUNCEMENT OF THE BUILDING OF A MODERN AIRPORT, NEW HARBOUR FACILITIES AND INVESTMENTS IN VARIOUS INFRASTRUCTURAL PROSPEROUS HONG KONG PROJECTS TOTALLING $127 BILLION, A VIBRANT AND

PETER POON CAN BE ENVISAGED TOWARDS THE END OF THIS CENTURY, THE HON SAID TODAY WEDNESDAY).

THE

HAD

ΤΟ

GUARD

AGAINST

MR POON, HOWEVER, NOTED THAT HONG KONG INFLATION AND ENSURE THAT THE VAST INVESTMENTS WERE PROPERLY MONITORED AND BUDGETS OF THE MAJOR PROJECTS DID NOT OVERRUN.

LEGISLATIVE SPEAKING IN THE POLICY DEBATE IN THE

MR COUNCIL, POON SAID WE MUST HAVE CONFIDENCE IN

BEFORE OTHERS COULD

HAVE CONFIDENCE IN US.

"LET US ALL WORK

TOWARDS

OURSELVES

++

HE

SUCH A GOAL AND ENSURE THAT WE CONTINUE TO BE THE 'PEARL OF THE ORIENT' THROUGH 1997 AND BEYOND, SAID.

ON THE BRAIN DRAIN ISSUE, MR POON SAID THE PROBLEM WAS QUITE

MANY YEARS SERIOUS, AND HONG KONG STOOD TO LOSE

OF EXPERIENCE AND EXPERTISE WHICH WOULD BE HARD TO REPLACE.

MUST "HENCE, WE

CONTINUE ΤΟ PRESS THE UNITED KINGDOM TO

TO RESTORE FULL BRITISH CITIZENSHIP

THE PEOPLE OF HONG KONG, TO

AND TO EXPLAIN OUR PREDICAMENTS TO OTHER NATIONS,

TAKE A LEAD IN

HONG

HE EFFORTS AT RESTORING THE CONFIDENCE OF THE PEOPLE IN SAID.

KONG,"

THE

FINAL MR POON SAID IF THE

PACKAGE FROM THE UNITED KINGDOM INCLUDED CONDITIONS THAT THE PEOPLE CONCERNED COULD ONLY BE GIVEN SAFETY-LINE AFTER 1997, IT WOULD ONLY DEFEAT THE PURPOSE OF THE EXERCISE AND DRIVE PEOPLE TO LEAVE EARLIER.

WHOLE

GOVERNOR'S AMBITIOUS PLAN TO 1995 FOR 25 PER CENT OF THE

ON EDUCATION, MR POON SAID THE EXPAND TERTIARY PLACES TO 67,000 IN RELEVANT AGE GROUP WAS VERY ENCOURAGING.

SAID HE

HIS MAIN CONCERN ON THE EXPANSION OF TERTIARY

BE PROBLEMS IN RECRUITING EDUCATION WAS THAT THERE WOULD

SUITABLE

LECTURERS AND STAFF.

APART FROM SOME SLOWDOWN ON THE ECONOMY, MR POON NOTED THAT

A LITTLE IN CERTAIN SECTORS, BUSINESS WAS GOING ON AS USUAL AND THAT

THE COOLING OFF OF THE OVERHEATED ECONOMY MIGHT NOT BE A BAD THING IN SHORT TERM.

"OUR NEWLY RE-ORGANISED FINANCIAL INSTITUTIONS HAVE WEATHERED

THE LINKED EXCHANGE THE RECENT CRISIS AND

RATE SYSTEM HAS AGAIN

PROVED ITS WORTH, HE SAID.

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