TNAG-1728-FCO40-2441-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 238

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

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I mentioned

the sale of a small

This is a direct sign of

nir.

I am

will

piece of seafbed for $4 billion. confidence in the further development of our magnificent port facilities. I must also, however, mention a serious potential problem for Hong Kong shipowners using these facilities.

hone

Helmut Sohmen, aware that my honourable colleague, provide more detail on the problem later in this debate, but I wish to express the concern of the Hong Kong General Chamber of Commerce about the effects of the US Tax Reform Act of 1986 on I would like to suggest to shipowners domiciled in Hong Kong.

the Financial Secretary that he takes these concerns seriously. of business in Hong Kong

Shipping is a very important part of which we must strive to maintain here.

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should

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2 2 2 2

I will finish with a compliment,

and then a complaint. I am delighted with the progress made by Government over the last two years in the presentation of its

with the efforts made financial data, and

framework forecasting

May to Government.) constructively as it started.

financial

appeal

(FFF;

the

this trend continue

to provide

alliteration

a

as

And Finally, perhaps Government 24 should do more than it seems to be doing. to prevent apparent

and confidential

important information

on matters

We are being which have to be considered in this Council. accustomed to hearing from the media what government officials wish to do or intend to do, before these exalted personages release the information themselves or seek advice through the normal channels.. Some of the apparent leaks appear to be more And in nod-and-a-wink. a than inspired guesswork based

South China Morning Post

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leaks of

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particular,

I

on

congratulate the

on

publishing a most accurate record of the Financial Secretary's Budget Proposals, a few hours before he delivered them to this

Council.

Sir, I support the motion.

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