XN000022-1991-11-05 — Page 3

TUESDAY, NOVEMBER 5, 1991

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WHEN ASKED IF RISING PRICES IN THE PROPERTY MARKET WOULD HURT HONG KONG BUSINESSMEN'S COMPETITIVENESS, SIR DAVID SAID: "I THINK IN GENERAL YOU'VE GOT TO TRY TO FIND MEASURES TO DEAL WITH THE PROBLEM OF PROPERTY PRICES.

"IT'S NOT JUST A QUESTION OF BUSINESSMEN, IT'S A PROBLEM WHICH AFFECTS THE WHOLE SOCIETY AND IT IS SOMETHING WE WANT TO TRY TO DEAL WITH. THERE HAS BEEN A TREMENDOUS AMOUNT OF SPECULATION. WE WANT TO TRY TO TAKE THE SPECULATIVE HEAT OUT OF THE MARKET, HE ADDED.

"I

ASKED ΤΟ COMMENT ON THE COURT OF FINAL APPEAL ISSUE, THE GOVERNOR 'REITERATED THAT NOW WAS THE TIME TO REFLECT ON THE ISSUES.

"WE DON'T HAVE TO RUSH INTO THE NEW LEGISLATION. WE'RE STILL PREPARING THE LEGISLATION. WE DON'T WANT TO RUSH INTO THAT, LET'S REFLECT ABOUT IT; SEE WHAT IS THE BEST WAY FORWARD; WE WANT TO DECIDE, NOT JUST WHAT IS THE IDEAL, BUT WHAT IS THE PRACTICAL WAY OF GOING FORWARD IN THIS.

1997. 1997; SAID.

**WE

WANT A COURT SET UP SOON SO WE GET PRACTICE IN IT BEFORE BUT WE ALSO WANT ONE WHICH IS GOING TO GO STRAIGHT

ON THROUGH THAT'S EQUALLY IMPORTANT FOR LONG-TERM CONFIDENCE,' SIR DAVID

T

-

CREATIVITY VITAL TO HK INDUSTRY

* * * *

THE CREATIVITY OF HONG KONG'S MANUFACTURERS KAS FUELLED THE TERRITORY'S ECONOMIC SUCCESS, THE GOVERNOR, SIR DAVID WILSON, SAID TODAY (TUESDAY).

SPEAKING AT THE PRESENTATION CEREMONY OF THE 1991 GOVERNOR'S AWARD FOR INDUSTRY, SIR DAVID SAID CREATIVITY WOULD CONTINUE TO BE VITAL IF THE INDUSTRY WAS ΤΟ MAKE THE BEST OF THE OPPORTUNITIES PRESENTED BY TECHNOLOGICAL CHANGE.

"OUR MANUFACTURERS MUST LOOK CONSTANTLY FOR WAYS ΤΟ MOVE UP-MARKET, HE SAID.

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THE GOVERNOR SAID THE GOVERNMENT WOULD SUPPORT THE MANUFACTURERS' EFFORTS, BY PROVIDING FACILITIES FOR

FOR TECHNOLOGICALLY ADVANCED INDUSTRIES; HELPING TO TRAIN THE YOUNG TECHNOCRATS NEEDED TO UPGRADE INDUSTRIES; AND PROVIDING THE INFRASTRUCTURE, THE NEW AIRPORT AND PORT DEVELOPMENT, WHICH WOULD GIVE THE MANUFACTURERS AN ADDED COMPETITIVE EDGE.

INDUSTRY, NOW

ΤΟ STRIVE

HE SAID THE PURPOSE OF THE GOVERNOR'S AWARD FOR IN ITS THIRD YEAR, WAS TO RECOGNISE THE VALUE OF INNOVATION, PRODUCT DESIGN AND QUALITY MANAGEMENT, AND ENCOURAGE MANUFACTURERS FOR EXCELLENCE.

NOTING THAT BOTH THE NUMBER AND THE QUALITY OF THIS ENTRIES WERE HIGH, THE GOVERNOR STRESSED THE REALLY IMPORTANT WAS NOT WHETHER A COMPANY HAD WON AN AWARD, BUT WHETHER IT DID BETTER AFTER ENTERING THE COMPETITION THAN IT DID BEFORE.

YEAR'S

THING

THINGS

/HE SAID