As the director of a Hong Kong holding company of a PRC business, I would have preferred not having to give me home address – more so to the company rather than the HK authorities. The chairman and I don’t see eye to eye at all and I’ve got a rather nice set of minority approval rights on my side of the table which I’m using to upset him a little. I fear one day I’ll find some nasty men turning up at my door to have a quiet word.

That said, a determined person in the Chairman’s employ could just follow me home from work to find out where I live.

“As balanced as his tone may be, Hemlock makes no excuses for lambasting the act which economists call “rent-seeking” by “the tycoons operating the property cartel, who made the easiest and biggest money in town” and the government’s land system which “just puts it in their lap”.

How Hong Kong’s ills stem from the land system can perhaps be summed up by these passages:-

“The discretionary planning and land use powers enjoyed by bureaucrats combined with the huge fortunes to be made by real estate and construction companies create a substantial moral hazard, though the government would argue vociferously that stringent checks and balances are in place. Certainly, at a very fundamental level, the whole pattern of land supply and revenues, secretive planning, overspending on infrastructure, cartelization in the property development and construction sectors, and political representation for commercial interests can be described as institutionalized corruption. But there is no law against it.”

“The property developers pass their costs on to consumers; thanks to government land policy, they are able to add a very handsome margin of their own. It is impossible to say exactly who is ultimately paying this hidden tax. Home mortgage payers and private sector renters are obviously contributing, but with costs being passed down throughout the community, it is likely that the revenue-from-land system creates a morass of hidden transfers and subsidies, many of which probably flow from the deserving to the less so. The economic concentration that results from this system deprives consumers of the benefits of competition and choice and almost certainly deprives smaller and innovative entrepreneurs and labour of opportunities.”

And after all, he added my ranting post about him, that shows the good guy he is. I expected no less.

Yes I should have bought. No cash however, I’m in the design profession, terrible pay levels.

Am planning the bank robbery now, in order to catch the next trough with some spare cash.

Cheers all

Since 2003 Terri has represented ‘Princess Household Appliances’ as their Asian Beauty Ambassador. Terri’s exotic Amerasian looks and extraordinary appeal put her in constant demand throughout Asia. As a result, she is one of the most photographed women in Asia.

Terri was voted ‘One of Asia’s Most Beautiful Women’. She has been featured in numerous magazines and covers such as Elle, Vogue, Marie-Claire, Christian Dior, Gucci, Cartier, Lancome, Max Factor and La Perla.

In contrast to her public life, Terri enjoys spending time with her son, family and friends. She is actively involved in the fields of health, fitness, beauty, fashion and cooking. published was Terri’s published her first ‘Asian Cooking Calendar’ for Princess. Also completed is an 8-episode cooking program for ‘Princess Household Appliances’ for ATV Hong Kong. Terri’s interviews and T.V. credits include CNN, BBC, ATV and TVB Hong Hong.

Recently, she authored her first Culinary Newspaper by combining her love for traveling and food through her journey to Vietnam, Malaysia and Thailand. Coming soon is “Terri Holladay Beauty Forum” giving you the latest and best advice on Beauty and Health Products.

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