TNAG-0579-FCO40-712-Discussions-with-Sir-Murray-MacLehose--Governor-of-Hong-Kong-1976 — Page 140

(3) INDUSTRY AND FINANCE

A

Governor's Speech: (pp 4-7

SECRET

J

B

a

layouts of new towns being reviewed to provide for

in hand; the wider development of industry

{

b

с

d

f

€

|

land will continue to be granted on special terms for industries introducing.new technology of value to the economy in hand;

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-

-in hand. taking companies and commodity-trading

C Planning Paper:

D

.a

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

Comment:

t

C(a) was omitted with our tacit agreement.

(4) HOUSING

A..

Governor's Speech:

(pp. 7-97

B

C

D

a

house everybody within their means;

b

0

5,000 flats for sale by 1979/80;

establishment of a working party on home ownership in hand;

d 200,000 flats to be completed per annum.

Overlap:

4

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;

с

proposals for improved' standards in housing.

Planning Paper:

Comment:

B(a) and (b) appear in the Planning Paper but in