XN000022-1993-12-17 — Page 10

FRIDAY, DECEMBER 17, 1993

CONTRIBUTE

WAY

HAS

THE

FOR

THE

THE

THEN

THE GOVERNOR

LET'S BE ABSOLUTELY CLEAR WHAT DISCUSSION IS ABOUT.

ELDERLY COMMUNITY WANTS, I BELIEVE TO PROVIDE BETTER SERVICES FOR THE

AND EVEN SO THAT THEY CAN LIVE THEIR LIVES IN EVEN GREATER DIGNITY

KONG WITH GREATER COMFORT.

THEY HAVE BUILT HONG THEY DESERVE IT.

ENTERPRISE. THEIR OWN SWEAT AND THEIR OWN DETERMINATION AND THEIR OWN

ANY CIVILISED PROSPEROUS KONG WANTS TO RESPOND TO THAT AS SO HONG

WHICH, COMMUNITY SHOULD. WE'VE PUT FORWARD PROPOSALS FOR DOING THAT

THE PROBLEM IN OUR VIEW, MAKES ECONOMIC SENSE AND HELP TO DEAL WITH

IF PEOPLE IN HONG KONG NOT JUST IN 30 OR 40 YEARS, BUT HERE IN NOW. WANT TO HELP THE ELDERLY, THEN THIS IS, IN OUR JUDGMENT, THE BEST OF DOING IT. YOU CAN'T DO IT FOR NOTHING. THERE AREN'T MONEY BEARING

MONEY WE CAN'T DIG MONEY OUT OF THE GROUND. TREES IN HONG KONG.

WE'VE SAID THAT TO COME FROM OUR OWN EFFORTS AND OUR OWN WORK. GOVERNMENT

THE TAX-PAYERS WILL NEED TO REPRESENTING EXAMPLE THE SAME AMOUNT THAT IT PUTS INTO OLD AGE ALLOWANCES, AT MOMENT OVER $3 BILLION. BUT WE'VE SAID THAT IF WE WANT TO AVOID PROBLEMS THAT HAVE BEEN CREATED IN EUROPE AND IN NORTH AMERICA, WE NEED TO HAVE A SENSIBLE SCHEME WHICH DOES THINGS THE HONG KONG WAY,

IN. PAY

THE GREAT ONLY

WHAT PEOPLE ARE PREPARED TO GETTING OUT

HAVE DISADVANTAGE OF A CENTRAL PROVIDENT FUND, WHICH A LOT OF PEOPLE TALKED ABOUT IN THE PAST, BUT FIRST OF ALL, IT DOES NOTHING TO TODAY'S GOT TO ELDERLY, DOESN'T DO ANYTHING FOR TOMORROW'S ELDERLY. YOU'VE

LARGER AND THEN FOR MUCH WAIT 20 OR 30 OR 40 YEARS.

CONTRIBUTIONS, YOU GET A LOWER RETURN. I RECOGNISE THAT IT IS GOING TO BE A VERY RESENT AND I DON'T REGRET OR ISSUE IN THE COMMUNITY. CONTROVERSIAL

IT'S JUST ABOUT THE THE AMOUNT OF DISCUSSION THAT IS GOING TO BE. MOST IMPORTANT DOMESTIC ISSUE THAT THE COMMUNITY WOULD HAVE TO

I ALSO RECOGNISED ITS MIND UP ABOUT IN THE NEXT FEW YEARS OR MONTHS. THAT

FUTURE SOVEREIGN. WE MUST DISCUSS THE ISSUE WITH CHINA AS THE BUT THERE AREN'T ANY BASY ANSWERS. THERE AREN'T ANY WAYS OF CROPPING OUT OF THE ISSUE. IF WE WANT TO HELP, THEN, WE'VE GOT TO SOME OF THE HARD CHOICES THAT NEED TO BE MADE. AND COMMUNITY CAN MAKE THEM WITHOUT RUNNING INTO THE SAME DIFFICULTIES AND PROBLEMS

AFFECTED WHICH

AS PEOPLE CAN'T SENSIBLE AS WE ARE PROPOSING TO BE.

THAT MORE.

MUST

SOCIETIES,

OTHER

DO MORE

—

MAKE

RECOGNISE THIS

I BELIEVE

HAVEN'T

WHICH ONE LAST THOUGHT,

SAY THE GOVERNMENT

WITHOUT RECOGNISING GOVERNMENT DOING MORE MEANS THAT TAX PAYERS DOING

HAVE ANY MONEY OF ITS OWN. GOVERNMENT DOESN'T MONEY, THE HARD EARNED MONEY THAT YOU'VE MADE. ON, PEOPLE TALK ABOUT TAX-PAYERS' RATHER THAN GOVERNMENT'S, A BIT CLOSER TO THE MARK. ON MORE QUESTION,

BEEN

THE THE

ONLY IT'S

GOT YOUR SO I THINK IF FROM NOW THEY'LL BE

A

FOR OUR FUTURE SAR QUESTION

YOU THINK IT WILL BE A BURDEN DO } GOVERNMENT AS OUR GENERATION GROWS OLDER BECAUSE OUR GENERATION IS LARGE PART OF THE POPULATION?

/GOVER JOR

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