"I must confess my distaste for any proposal to use public funds for the support of selected, and thereby, privileged, industrialists, the more particularly if this is to be based on bureaucratic views of what is good and what is bad by way of industrial development. An infant industry, if coddled, tends to remain an infant industry and never grows up or expands."

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Source : "Official Report of Proceedings of the Hong Kong Legislative Council", (p. 116), October 9, 1970.

John James Cowperthwaite

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