XN000022-1992-03-05 — Page 14

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THURSDAY, MARCH 5, 1992

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LIFE IS FULL

IT'S

OF THESE QUITE

INTO THE

ΤΟ THEM.

WAY OF ALRIGHT,

TO

FINANCIAL SECRETARY:

YES. LITTLE PROBLEMS. I MEAN THAT NOT SORT OF RUDELY.

IN SOME WAYS TO SPLIT SOCIETY AND INDEED TAXATION UP MISLEADING BITS. I MEAN THE FACT IS, FOR INSTANCE, THAT THINGS WHICH HELP ECONOMY TO GROW HELP THE WHOLE POPULATION, NOT JUST THE BUSINESSMAN OR PAY THE RICH. THE FACT IS THAT THE MAJORITY OF THE POPULATION DON'T SALARIES-TAX, SO WHAT WE DO WITH SALARIES-TAX IS IRRELEVANT TO THEM I'M NOT

IRRELEVANT SAYING IT'S IRRELEVANT TO THE OTHERS THE FACT IS THAT THOSE WHO DON'T PAY SALARIES-TAX, THE MAIN ASSISTING THEM IS THROUGH EXPENDITURE, NOT THROUGH TAXATION.

WHAT WHAT HAPPENS TO RATES IS OF SOME INTEREST,

HAPPENS I AGREE

IS OF SOME SOFT-DRINKS

INTEREST, BUT THE MAIN EFFECT, THE MAIN BENEFIT, THE MAIN WAY IN WHICH WE ASSIST THE LESS BETTER-OFF IS THROUGH THE EXPENDITURE AND THE EXPENDITURE DOES BENEFIT THOSE PEOPLE. THAT IS THE LOGIC OF WHAT WE ARE DOING. SO, I MEAN ALL I WOULD

REVENUE. IS, LOOK AT THE WHOLE THING, LOOK AT THE EXPENDITURE AND THE WE

OVER, I ARE AN EXTREMELY UNUSUAL GOVERNMENT. WE HAVE BEEN ABLE

AND WE WILL CONTINUE DON'T KNOW HOW MANY YEARS, BUT CERTAINLY TWENTY

YEAR, ΤΟ BE ABLE TO SPEND MORE IN REAL TERMS YEAR AFTER YEAR AFTER AND YOU

A

BY KNOW,

5% REAL INCREASE OR A 6%

MOST REAL INCREASE

WHAT WE ARE ANXIOUS TO GOVERNMENT'S STANDARDS, IS AN ENORMOUS FIGURE.

ENSURE. WHY WE KEEP TALKING ABOUT RE-APPRAISING PRIORITIES, IS TO DON'T JUST CARRY ON SPENDING THE MONEY ON THE SAME OLD THINGS IS

WE MUST MAKE NOT BEING SPENT IN AN INEFFICIENT WAY. INCREASE

WHETHER OUR EFFICIENCY AND THAT WE CONSCIOUSLY REVIEW ELDERLY

EXAMPLE. NEED MORE PRIORITY THAN THE YOUTH - TO TAKE AN MUSTN'T GET INTO A RUT WHERE EVERY SINGLE AREA THAT WE FUND IS AND CANNOT BE TOUCHED.

DO.

WE

IT

―

+

SAY

AND

SURE

WE

THE

WE

SACRED

CHRIS WONG:

RUNNING SHORT OF TIME.

FINANCIAL SECRETARY:

CHRIS WONG:

I THINK WE

ARE

NOW

SORRY, THAT WAS SERMONIC.

OKAY, THREE LAST

QUESTIONS. ALRIGHT, CHRISTINE, YOU CAN HAVE YOUR QUESTION NOW.

QUESTION:

WELL THANK YOU.

ACTUALLY HAS BEEN PARTLY ANSWERED BUT I JUST WONDERED IF YOU COULD GIVE US INDICATION OF WHAT THESE INCREASES WILL BE IN UTILITY CHARGES? GATHER FROM WHAT YOU ARE SAYING IT IS GOING TO BE BASICALLY RELATED TO AND INFLATION BUT COULD YOU JUST GIVE US AN IDEA OF WHAT THEY WILL BE WHEN?

IT

AN I

FINANCIAL SECRETARY:

WELL I DON'T KNOW. I MEAN THEY WHAT IS ARE NOT IN THE BUDGET, THERE IS A WHOLE SYSTEM OF REVIEWING IT, 15,000 OR SOMETHING FEES AND CHARGES?

-

QUESTION:

KEEP

THEM

WITHIN

INFLATIONARY LIMITS, IS THAT YOUR INTENTION?

FINANCIAL SECRETARY:

MOST FEES AND CHARGES ARE ON A RECOVERY OF COSTS BASIS THAT IS THE BASIS ON WHICH THEY ARE SET.

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/QUESTION