TNAG-2470-FCO40-3594-Budget-of-Hong-Kong-1992 — Page 90

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11.

on soft

tickets.

The first aim will be met by abolishing the duty

entertainment tax on cihema

drinks and the

I shall also exempt franchised bus companies from

the duty on diesel fuel which will help to keep bus fares

down.

12.

by an

across-the-bbard

This will provide welcome

I propose to achieve my second aim, to ease the

burden on

salaries taxpayers,

increase in personal allowances.

relief to taxpayers. It will also mean that a large number

of people will no longer have to pay any salaries tak at

all. They will join the very large number of employees

over half who already do not pay salaries tax.

13.

As I told the Council this afternoon, my first

priority as Financial Secretary must be to ensure Hong

Kong's continued economic success. At the same time my

duty is to find the resources to respond to the community's

changing expectations. TO achieve this, my budgets vill

have a commitment to economic growth, a commitment to sound

financial management and a firm commitment to improving our

public services. In this way, I believe Hong Kong vill

continue to prosper; incomes and profits will rise; and the

quality of life for the whole community will continue to

improve.

(TV)

Good night.

ØRST LES ZS8+

SANAAN

S0:91 2667-JUW-ÞØ

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