TNAG-0518-FCO40-613-Constitutional-development-in-Hong-Kong-1975 — Page 41

1) MANAGEMENT COMMITTEES OF NEW TOWNS IN THE NEW TERRITORIES

TO PROVIDE THOSE INTERESTED WITH A SAY IN PLANNING AND MANAGEMENT OF AMENITIES)

9. TRADE AND INDUSTRY

(A) DEFENSE OF CEC AGREEMENTS AND THANKS TO HMG FOR HELPING

(B) SETTING UP OF A COMMITTEE TO CO-ORDINATE THE PROMOTION OF ÖVERSEAS INVESTMENT IN HONG KONG

(C) MEASURES TO PROVIDE MORE INDUSTRIAL LAND BY:

(1) ACCESS ROADS TO NEW AREAS SUCH AS CASTLE PEAK AND TAIPO

(11) CREATION OF INDUSTRIAL ESTATES

10. THE ECONOMY A CAUTIOUSLY WORDED BUT DEFINITELY OPTIMISTIC ASSESSMENT THAT HONG KONG WAS NOW THROUGH THE WORST, AND MIGHT EXPECT A SLOW RECOVERY IN ITS PRINCIPAL MARKETS, ALBEIT PATCHY AND SPASMODIC, AND WITH MANY OUTSTANDING PROBLEMS, AND IN PARTICULAR INFLATION, INHIBITING RAPID OR SUSTAINED GROWTH.

11. REFERRED TO THE POSSIBILITY OF EVOLUTIONARY CHANGE IN THE MEMBERSHIP OF THE LEGISLATIVE COUNCIL AND THE NEW OPPORTUNITIES FOR IT THAT WERE BEGINNING TO OPEN OUT, THOUGH WITHOUT CHANGING THE ESSENTIAL CHARACTER OF THE COUNCIL OR THE STANDARDS

REQUIRED BY ITS MEMBERS.

MACLEHOSE

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