TNAG-0573-FCO40-706-Monitoring-of-progress-made-on-planning-paper-on-Hong-Kong-1976 — Page 151

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(3) INDUSTRY AND FINANCE

A

B

C

D

Governor's Speech: (pp 4-7)

a

b

C

d

e

f

g

-

layouts of new towns being reviewed to provide for the wider development of industry in hand; land will continue to be granted on special terms for industries introducing new technology of value to the economy - in hand;

G

development of industrial estates in hand; development of road and rail links - in hand;

strengthening of companies legislation, particularly that dealing with prospectuses and company accounts - in hand;

continue to protect industry's access to overseas markets in hand;

continue to promote overseas investment to expand and diversify industry in hand.

Overlap:

a ordinances to regulate banking, securities, deposit- taking companies and commodity-trading in hand.

Planning Paper:

a

GENE

provide funds for the social programme, preferably by a more progressive system of taxation.

Comment:

C(a) was omitted with our tacit agreement.

(4)

HOUSING

A Governor's Speech:

(pp. 7-9)

a house everybody within their means;

b

с

d

B

PQ

C

D

5,000 flats for sale by 1979/80;

establishment of a working party on home ownership in hand;

200,000 flats to be completed per annum.

Overlap:

a new homes for 97,000 by 1976/7;

new homes for 109,000 by 1977/8; new homes for 170,000 by 1978/79; new homes for 224,000 by 1979/80.

b slow raising of rents;

C

proposals for improved' standards in housing.

Planning Paper:

Comment:

a B(a) and (b) appear in the Planning Paper but in rather different form. In (a) figures are given

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