XN000022-1990-05-23 — Page 7

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WEDNESDAY, MAY 23, 1990

FREE PLAY OF MARKET FORCES BENEFITS ECONOMY

PIERS JACOBS, TOLD THE IN RELATION GOVERNMENT SHOULD NOT

THE FINANCIAL SECRETARY, THE HON SIR LEGISLATIVE COUNCIL TODAY (WEDNESDAY) THE GENERAL POLICY TO THE DEVELOPMENT OF THE ECONOMY IS THAT THE INTERFERE IN COMMERCIAL DECISIONS REACHED IN THE PRIVATE SECTOR.

THAT

SIR PIERS SAID REPLYING TO A QUESTION FROM THE HON DAVID LI,

TAKEN BEST

BY BUSINESSMEN BUT, BUSINESS DECISIONS WERE

THE PUBLIC INTEREST THAT THE OCCASIONALLY, WHEN IT WAS CLEARLY IN GOVERNMENT SHOULD INTERVENE, THEN IT DID SO IN AN APPROPRIATE MANNER.

"IN

GENERAL,

THAT ESTABLISHED FACILITATE ECONOMIC DEVELOPMENT,

THIS INTERVENTION

THE GOVERNMENT

TAKES PLACE SHOULD TAKE STEPS

WHERE IT

IN ORDER

IS то

"WE ALSO INTERVENE WHERE THERE IS A CASE THAT IS SOMETHING DIFFERENT," HE SAID.

FOR REGULATION, BUT

POLICY

SIR PIERS SAID THE GOVERNMENT HAD BEEN ADHERING TO THIS

ACCORDED TO THE PRIVATE FOR MANY YEARS. THE HIGH DEGREE OF FREEDOM SECTOR ALLOWED THE FREE PLAY OF MARKET FORCES AND THIS HAD CONTRIBUTED MUCH TO HONG KONG'S ECONOMIC SUCCESS.

LI

THE POLICY

OF

"MR

HAS REFERRED TO

POSITIVE NON-INTERVENTIONISM. WHAT I HAVE DESCRIBED IS ESSENTIALLY THAT POLICY.

HE ADDED. THERE IS NO CHANGE IN THE GOVERNMENT'S POSITION,'

"

TENANTS NOT EXPOSED TO UNDUE THREATS DURING REDEVELOPMENT

* * *

MADE BY

THE

GOVERNMENT

ΤΟ ENSURE THAT BEEN EFFORTS HAVE

ACTING DURING REDEVELOPMENT OF PUBLIC HOUSING ESTATES, THE REMAINING TENANTS ARE. NOT EXPOSED TO UNDUE THREATS TO THEIR PERSONAL SAFETY, THE

THE LEGISLATIVE SECRETARY FOR HOME AFFAIRS, THE HON ADOLF HSU, COUNCIL TODAY (WEDNESDAY).

TOLD

MR HSU SAID PROGRAMME ΤΟ ENABLE

REPLYING TO A QUESTION FROM THE HON HUI YIN-FAT,

REDEVELOPMEMT TENANTS AFFECTED BY THE HOUSING AUTHORITY'S WERE NORMALLY GIVEN 18 TO 24 MONTHS' FORMAL ADVANCE NOTICE THEM TO PLAN AHEAD AS REGARDS THEIR ALTERNATIVE ACCOMMODATION.

INEVITABLY,

PROCESS

PUBLIC COULD

THAT, RECOGNISES AUTHORITY "THE HOUSING

THE REDEVELOPMENT VACANT DURING HOUSING UNITS LEFT BECOME PROBLEM AREAS FOR ESTATE MANAGEMENT," MR HSU SAID.

/A TOTAL