TNAG-1609-FCO40-22131-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1987 — Page 101

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in terms of

of industrial support services, although perhaps

inevitably there were also calls for even

Estimates of how much we spend in this

how broadly

annit can't agree ▲

defines assistance one

•

more to be done.

field depend on

for industry, but I

with Mr. Sohmen that over the years we have

done very little.

over

billion a

Last year for example we spent well

dollars, if expenditure by the Industry

Department, the Technical Education and Industrial Training

overseas investment offices, and relevant

Department,

subventions are taken into account.

X.

I would also argue that looking at the amount

of Government money spent in this way only gives part of the picture. Some of what is done is "pump-priming the

Government investment enables a new service to get off

the ground, with a good prospect through charging fees

of becoming self-sufficient after a number of years.

organisations like the Hong Kong Productivity Council,

which receive considerable subventions

in 1986/87 (for example

of

-

Even

-

about $55 million

bout

also cover a substantial proportion

their expenditure from fees (about a quarter in the

case of the Productivity Council).

Si

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with our

That said, I do agree that we have to continue

initiatives

programme of

are needed.

identifying areas where new

Mr. Kim Cham, Mr Jackie Chan, Mr.

/Cheng Hon-kwan

: