TNAG-1270-FCO40-1620-Financial-policy-in-Hong-Kong-1983 — Page 40

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IN REMOVING INTEREST TAX ON HONG KONG DOLLAR DEPOSITS WITH

FINANCIAL INSTITUTIONS, WE ARE DOING THE MOST THAT IS POSSIBLE,

PENDING THE OUTCOME OF OUR STUDY. I HOPE TO BE IN A POSITION TO

PROPOSE MORE LASTING REFORMS IN THESE FIELDS OF TAXATION IN THE BUDGET NEXT FEBRUARY.

13. THESE MEASURES ARE DESIGNED TO STABILIZE THE EXCHANGE

VALUE OF THE HONG KONG DOLLAR, AND THUS TO PROVIDE A CLIMATE FOR

GROWING PROSPERITY WITH RESTRAINED INFLATION. THE GOVERNMENT HAS

CONFIDENCE IN THE STABILISED EXCHANGE RATE. SO CAN THE PEOPLE

OF HONG KONG. LET US NOW GET ON WITH OUR BUSINESS.

HOWE

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