TNAG-2814-FCO40-4060-Future-of-Hong-Kong-International-Rights-and-Obligations-(IR-1993 — Page 36

JAN 28 '93 11:15 UKDEL

>

GOVERMENT HOUSE HONG KONG.

TUE 25 JAN SA VAIKŠ

PG.11

CONFIDENTIAL

(B)

But

EK Authoriti

are not complacent and have

doing what it can to contain inflation, mainly

labour and

by tackling the ¦ mupply constraints

Land. The Authorities continus to augment the supply

DI labour to meet the changing pattern of demand, by

Fa-training local workers and by bringing in foreign

porkers

SELECTİYE Desis. In January 1993, the

Authorities announced CART the ceiling on imported

workers permitted

Labour importation sobens for the now airport and

felated projects will be raised from 2,000 to 5,500

rozvetion projects that axw already

GO

ΓΟΥΕΣ

MOLX in Xx under the special

m

in addition

overall

biling of 35,000 for the general labour importation

schone to alleviate shortages in particular skills.

(C)

the

residential property market,

Anti-speculative momouent, including the tightening

the banks' criteria. for providing mortgage

already have their effects. speculation has

Fooled off in the second half of 1992 and flat prices

currently

cander

Felatively quiet market.

pressures in

P.3/6