TNAG-1731-FCO40-2444-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 163

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This is because employer resistance to levies is largely due to fears of the so called ratchet effect, the

never down. By showing fear that levies can only go up, that the Board and the Government are genuinely neutral and

We this issue objective on

have greatly reduced employer

resistance to the scheme. Indeed the construction industry is now very supportive and has itself taken the initiative the fund on preventive

in

recommending expenditure from

measures.

This

positive

attitude

on

the

part

of the

industry is very encouraging.

I therefore have no hesitation in recommending to

Members the cut proposed in the present Resolution.

Question put and agreed to.