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Sir, political reforms in any territory may be
exciting and stimulating to some intellectuals and
politicians. Yet, at the end of the day, whoever gains power must devise and implement policies that will help the majority
of its population to make a living. In other words, amongst
the many chores of governing, economic development prospects
must be accorded top priority. In Hong Kong, our economy is
are not fortunate heavily dependent on external factors and we
enough to have been endowed with rich natural resources.
Therefore the maintenance of economic growth can be achieved
only through adaptation of consistent and pragmatic policies
that foster growth.
We must try to steer away from the danger of becoming
the experimental playground for political idealists, political
Furthermore, in our activists, and political theoreticians.
effort to strive for stability and prosperity, I am sure most
pragmatic people in Hong Kong would agree that the maintenance of full or near full employment will be the key to our future
stability and prosperity. This key is clearly much more vital
to the people of Hong Kong than whether or not, for a start,
25% of our legislature must be elected through universal
franchise in the year 1988.
Thus, in my view, ensuring the continued viability of
our industrial sector in the years to come must be our top
priority task. We have done well in the past, especially in
the year 1986, but given our externally-oriented economy,
there
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