TNAG-2446-FCO40-3562-Political-parties-in-Hong-Kong-1992 — Page 62

linking to a basket of currencies, and abandoning the "Interest

Rate Agreement" as well;

(c)

strengthening retraining programmes for labor,

the labor productivity;

to increase

(d) controlling the government expenditure, increasing the

efficiency of civil servants;

(e) introducing "collective bargaining", in order to reduce the

pressure of higher wages on inflation in an equitable manner;

(f) controlling the price increases of public utilities, and

indirect taxes; and

(g) providing more land supply, reducing the speculative

sure on property prices.

pres-

.pa

1.

[Section two]: Housing

We see three major problems in the housing situation in Hong

Kong:

a.

b.

C.

2.

There is no overall and comprehensive housing policy from the

government.

The financial arrangement between the Housing Authority and

the government is not satisfactory.

There is a lack of public scrutiny over the operation of the

Housing Authority.

These problems have given rise to current issues and confron-

tation concerning

instances include

housing and the

housing estates.

both private and public housing. Specific the rapid increase in the prices of private

sharp increase in rental for certain public

To address these problems, We have the following recommenda-

tions:

3.

deal

i. The government should take up the responsibility of planning and implementing a central overall housing policy which addresses both the private sector and the public sector. Some delegation

to the Housing Authority may be necessary but this can only

with public housing.