XN000022-1993-06-09 — Page 18

WEDNESDAY, JUNE 9, 1993

I

LOOK

OVER THE COMING

YEAR AND

WITH YOUR

BRINGING INTO A REGULARLY

FORWARD THEN, SUPPORT, TO PUTTING NEW FUNDING ARRANGEMENTS INTO PLACE; TO COMPLETING

ΤΟ WITH ITDC

THE INITIAL REVIEW OF THEIR ROLE; MEMBERS TOGETHER THE MANY STRANDS OF OUR INDUSTRY SUPPORT PROGRAMMES COMPREHENSIVE SUMMARY WITH A STATEMENT OF AIMS THAT CAN BE REVIEWED AND UPDATED BY THE ITDC; TO MOVING AHEAD WITH INITIATIVES ENHANCE AND ENCOURAGE TECHNOLOGICAL DEVELOPMENT IN HONG KONG. FULL AGENDA. ONE THAT EMPHASISES THE IMPORTANCE THAT WE IN GOVERNMENT DO ATTACH TO INDUSTRY. ONE THAT I TRUST YOU WILL SUPPORT.

IN

A

TO QUITE A

MR PRESIDENT I WOULD LIKE TO THANK THOSE HONOURABLE MEMBERS WHO AND VALUABLE HAVE SPOKEN IN THIS DEBATE. THEY HAVE MADE SOME VALID

ME POINTS. TIME DOES NOT PERMIT ME TO RESPOND TO ALL OF THEM. BUT LET

HAVING SAID REASSURE THEM THAT THOSE POINTS WILL NOT BE FORGOTTEN.

ΤΟ A FEW THAT, HOWEVER, I THINK IT IS NECESSARY FOR ME TO RESPOND

ARE FAIR THE POINTS MADE BY THE HON ALBERT CHAN PARTICULAR POINTS.

OF INDUSTRY HAS HAD SOCIAL AND TOWN PLANNING POINTS. RESTRUCTURING CONSEQUENCES.

THE LATEST REVIEW OF THE TERRITORIAL DEVELOPMENT

STUDY STRATEGY,

SPECIAL

WAS ON INDUSTRIAL LAND DEVELOPMENT CONDUCTED. THIS RECOGNISED THE MOVE OF BASIC MANUFACTURING TO CHINA..

OLD INDUSTRIAL IMPLEMENTATION OF THE METROPLAN AND REDEVELOPMENT OF AREAS WOULD BE CARRIED OUT WITH SENSITIVITY TO MR CHAN'S POINTS. THE ENDORSE. HON VINCENT CHENG'S SPEECH IS ONE WHICH I CAN WHOLEHEARTEDLY IN SOME RESPECTS I CAN SAY THAT HE HAS TAKEN THE WORDS RIGHT OUT OF MY WAS MOUTH,

ALTHOUGH I WOULD STRONGLY DENY ANY RUMOUR THAT HIS SPEECH

SPEECH CHIN-SHEK'S WRITTEN BY ME. SOME OF THE POINTS IN THE HON LAU

FALL OUTSIDE MY VOCATIONAL TRAINING OR RETRAINING. THEY CONCERNED

TRADE AND DIRECT AREAS OF RESPONSIBILITY, ALTHOUGH AS SECRETARY FOR INDUSTRY I AM OF COURSE AN INTERESTED PARTY. I WOULD LIKE TO ASSURE MR THE SECRETARY LAI THAT SUCH POINTS WILL BE REFERRED TO MY COLLEAGUE,

THAT THE FOR EDUCATION AND MANPOWER. AS REGARDS MR LAU'S SUGGESTION

SAY THAT LABOUR REPRESENTATIVE BE INCORPORATED INTO THE ITDC, I CAN THIS IS A

TO

IN PROPOSAL

PREPARED

FURTHER THAT I AM

CONSIDER

WILL DISCUSSION WITH THE ITDC WHOSE TERMS OF APPOINTMENT INCIDENTALLY

OF COURSE EXPIRE AT THE END OF THIS YEAR BEFORE WHICH TIME WE WOULD HAVE TO REVIEW ITS COMPOSITION.

IN

MR

PRESIDENT, I WISH

INDUSTRIAL

OF

HAS

THE

R&D

('LOSING,

ΤΟ REITERATE ONE POINT.

ΤΟ IMPROVING OUR SUPPORT

DORS NOT DEVELOPMENT

IMPLY MOVEMENT AWAY FROM THE FREE MARKET PRINCIPLES THAT ARE THE BEDROCK HONG KONG'S SUCCESS. THE HON HENRY TANG, ON THE RADIO ON MONDAY, LAMENTED THAT, WHEREAS SINGAPORE OFFERS INDUSTRIALISTS A WHOLE RAFT OF INCENTIVES TO INVEST, HONG KONG APPEARS ONLY TO OFFER LOW TAXES. HION MAN SAI-CHEONG ALSO MADE REFERENCE TO VARIOUS INCENTIVES FOR

PURSUADED PROVIDED

THAT BY

IN ITS TAX SYSTEM. I AM NOT SINGAPORE

то SUGGEST THAT SINGAPORE IS A MODEL THAT HONG KONG SHOULD FOLLOW. ALL WE OFFER IS LOW TAXES IS A TRAVESTY OF THE WIDE RANGE OF FLEXIBLE,

BODIES PUBLIC INNOVATIVE POLICIES AND SERVICES THAT GOVERNMENT,

то YEARS HAVE BUILT UP OVER MANY INDUSTRIAL ORGANISATIONS INDUSTRIAL DEVELOPMENT.

AND

SUPPORT

/BUT, FUNDAMENTALLY,