MINISTE, OF STATE'S MEMING WITH
S. Y. CHUNG
Friday 5 April, 1968
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The Minister is acquainted with Dr. Chung but he may wish to have the following information about him.
2.
Dr. Chung has recently been serving as a provisional member of the Legislative Council during the absence from Hong Kong of Er. P. S.L1. He is at present in London to represent Hong Kong at a gathering of Commonwealth Parliamentarians organised by the Commonwealth Parliamentary Association. He is a qualified engineer by profession (K.I.Kech.5.) and holds a Ph.D. degras, He is Ranaging Director of Sonca Industries Limited which manufactures and exports flashlights, battery hand-lanterns, miniature electric bulbs, etc., and automatic machinery for light industry. He is also Chairman of the Federation of Hong Kong Industries and a member of several advisory boards and committees.
3. His appointment with the kinister is in the nature of a courtesy call, but it is doubtful whether it is in Dr. Chung's It nature to confine himself to an exchange of pleasantries. may help the Minister to know that in a speech during the recent Budget debate in the Hong Kong Legislative Council Fr. Chung expressed the following views :
(a) An Industrial Development Council should be set up
consisting of representatives from Government, industry, professional engineere end financial and economic experts. The Council should have three main functions - to establish priorities in development, to provide inducements for new industries and to discourage over-expansion of existing ones.
In the context of a reference to the paucity of statistical services in Hong Kong Dr. Chung said that industrial development had reached a stage where "planning becomes desirable, indeed essential, and where guess work and speculation must be discouraged." Later he said "there is a growing body of opinion in industry which believes that the time has come for the Government to review its laissez-faire policy in regard to industry.' But he went on to say "I hasten to add that this does not mean that industry is advocating any awing to the other extrme of national economic planning and control."
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