Speech by the Honourable the Financial Secretary
winding-up the debate on the Appropriation Bill 1974 in
Legislative Council on 27th March 1974
Outline
(1) Introduction
(2) General Principles
(3) Major and Minor Themes
(4) Minor Themes:
paragraphs
1
2 - 10
11
(a) Economic analysis
12
-
13
(b) Subvention policy
14
-
18
(c) Depreciation relief
19
20
(d) Restoring or redefining the ambit
of the profits tax charge
21
23
(e) Financial control
24
->
25
(5) Major Themes:
(a) Budgetary strategy
26 - 45
(b) Taxation of road users:
(1) Introduction
(11) Vehicle licences
(iii) Drivers' licences
(iv) Off-street parking charges
(v) Handicapped persons
(vi) Revised estimate of outturn for
1974-75
(c) Financial sector
(d) Inflation and rising prices:
(1) Introduction
(ii) Consumer Price Index and
foodstuffs
(iii) Internal inflationary influences:
(A) Rents
(B) Government expenditure
57
-
46
50
51 56
58
59
60
61 - 63
64 - 69
70
-
71
72 78
79
80 89
90
-
91
(C) Government pay policy
92
94
(D) Cost-push inflation
95
(E) Tax system
96
(F) "Profiteering"
97 - 103
(G) Control of "profiteering"
104
115
(iv) Proposed Consumer Council
116
119
(6) Conclusion
120
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