XN000022-1990-05-09 — Page 37

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WEDNESDAY, MAY 9, 1990

SUPPORTED POTENTIAL

"OUR ONE-STOP UNIT IN THE INDUSTRY DEPARTMENT IS NOW WITH RESEARCH AND PRE-FEASIBILITY SERVICES DESIGNED TO MEET

ARE BEING INVESTOR'S

REQUIREMENTS. REGIONAL DIRECTORS INDIVIDUAL

OVERSEAS PROVIDED TO COORDINATE OUR INVESTMENT PROMOTION ACTIVITIES

BUSINESS DECISION-MAKERS, HE AND

READIER ACCESS TO TOP CULTIVATE ADDED.

||

"MOREOVER, HONG KONG'S FORTHCOMING INFRASTRUCTURAL PROJECTS AN INTERNATIONAL SCALE WILL ADD FURTHER DYNAMISM TO OUR ECONOMY AS

THE FINANCIAL HIGHLY ATTRACTIVE INVESTMENT PROPOSITION IN THE REGION, SECRETARY SAID.

ON A

г

BUDGET FACES PROBLEMS CORRECTLY, JUDICIOUSLY

NOW

THE BUDGET CORRECTLY AND JUDICIOUSLY FACES THE CONFRONT US, THE FINANCIAL SECRETARY, THE HON SIR

SAID TODAY (WEDNESDAY).

PROBLEMS THAT PIERS JACOBS,

WINDING UP THE DEBATE ON THE APPROPRIATION BILL 1990, SIR PIERS SAID SOME MIGHT ARGUE FOR SLIGHTLY DIFFERENT MIXES OF FISCAL MEASURES, BUT THE BASIC STRATEGY OF THE BUDGET WAS CORRECT.

"NOTHING THAT I HAVE HEARD IN THIS DEBATE HAS CHANGED MY VIEW,

HE ADDED.

PIERS

EXPLAINED WHY HE HAD SPOKEN AT SOME LENGTH

IN

THE

SIR RESUMED DEBATE.

THE

"FIRST, I FELT IT NECESSARY TO LAY TO REST THE BELIEF THAT

WAS A SIMPLE BOOKKEEPING EXERCISE WHICH INVOLVED, TO QUOTE BUDGET COMMENTS MADE BY SOME MEMBERS, 'NOTHING MORE THAN HOUSEKEEPING', OR 'TINKERING WITH TAX RATES'.

"AS

HE SAID.

I HAVE DEMONSTRATED, THERE IS MUCH MORE TO IT THAN

THAT,"

BY

SUCCESS SOMETIMES

"SECONDLY, BECAUSE OF THE GENERAL TONE OF THE REMARKS MADE SOME MEMBERS, I THOUGHT IT ESSENTIAL TO SPEAK OF HONG KONG'S

ARE AND OF THE OPPORTUNITIES THAT UNDOUBTEDLY EXIST. THEY IGNORED. SIR PIERS SAID.

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