Mr Speaker, Sir, I feel that the Member for Sembawang has swallowed hook, line and sinker, the propaganda line put out by people who are not favourably inclined towards us. He feels that because Singapore has an unfavourable balance of trade, we are in dire danger of losing our external reserves. I think I did say sometime here that we have had an unfavourable balance of trade ever since we can remember, and yet we have still been able to increase our external reserves. When we talk about the unfavourable balance of trade and the figures which he quoted, they only pertain to what we call the visible balance of trade. That is, items on which we can get statistics and to which we can point our fingers. But there are other items which are not taken into consideration in drawing up these statistics. It is my belief that from the invisible balance of trade, from earnings from the port, earnings on services rendered, ship building, ship repairing, tourists and investments, the inflow of capital from abroad, we have been able to maintain our position, so that, in spite of the figures showing that we have an unfavourable balance of trade from year to year, we still find, with prudent budgetting that we able to increase our external reserves. I quite agree with the speakers, including the Member for Sembawang, who say that we should depend more on our neighbours for trade. Of course, it is easier if we can trade more and more with our neighbours. But, at the same time, we are casting our net far and wide. Unfortunately, at the present moment, though Indonesia represents a very large market, because of conditions there and because of the state of the currency, trade with Indonesia is not as much as it should be. Though we would like to sell to Indonesia, what they are interested in at the moment is how much credit we can give. The Member for Tiong Bahru, who, from what I have heard just now, was an ex-teacher (in Indonesia), feels that with courage we can get trade. If trading is that simple, Mr Speaker, I think the courageous elements in our society should become the best traders! I can assure him that, if need be, I will lead a mission to Jakarta if it will serve any useful purpose. But this is not the appropriate time. They have had several missions here, and there are some difficulties with regard to regulations which will have to be clarified before we can really sit down and get going. In fact, we have already signed a trade agreement and yet trade is not going on as briskly as we like. The Member for Tiong Bahru may or may not know it, but quite a large number of our traders have already had visas to go to Jakarta, but owing to the conditions there, they have had second thoughts. They may be lacking in courage, but they are full of prudence and they are quite sagacious businessmen. So if there is any money to be made by going there, I am sure they would pluck up courage to go there. Of course, the idea of entering into a bilateral trade agreement is to see that trade between the two countries balances. That is the main purpose of a bilateral trade agreement. We are not going to enter into an agreement with a country and say, "We will buy more from you than we sell to you." No. We say, "Whatever you sell to us, you must buy from us." The idea of a bilateral trade agreement is a balanced trade between the two. The Member for Sembawang wants to know how much we earn from investments of our foreign reserves abroad. Mr Speaker, Sir, in the revenue accounts they are all lumped together. It is very difficult to separate interest earnings from investments abroad and locally. But I would say roughly it is in the region of between $10 million and $11 million annually on the one thousand and odd million dollars worth of foreign reserves that we hold. I am not sure whether or not the Member for Delta has talked about the Family Planning Association, and whether she has heard about the progress this Association has made during the last few years. Reports from my colleague, the Minister for Health, indicate that the population explosion is well contained and the rate of increase of the population, which was growing at the rate of about 4 per cent plus after the war, has come down to 2.4 per cent or so. Therefore, we have been able to contain the terrific increase in the rate of population growth immediately after the war. As to what we are doing to protect local industries, I can only assume that the fact that the toilet paper and towels in Parliament are not locally manufactured is due to the fact that these are probably stocks that are carried forward, because directives have been sent time and time again to every Department in Government that preference should be given to buy local products wherever possible, even though there is a difference of 15 per cent in prices or more. I am sure, Mr Speaker, Sir, you will personally look into this question yourself so that we would not have toilet soap from China and perfumed soap from France. The Member for Delta asked what we have done to aid industrialists whom we have persuaded to invest their money here. I think I have mentioned that we have already given some incentives. In this year's budget we have given them more incentives. To see that they get at least a fair share of the local market, that at least they would have a chance to capture some of the local market, we have imposed quotas so that products of a similar nature from abroad are either restricted in the quantity that can be imported here or they have to pay duty on coming in here. So, by and large, the prices which importers of consumer goods from abroad charge for their goods would be higher than local goods. The rest, of course, is left to the population themselves. They should realise that it is through buying locally made goods that we will be able to help ourselves and create the employment which we so much require. As regards the incentives for exports which have been announced here, Malaysia will be counted as a foreign country. Therefore, exports to Malaysia will qualify for these incentives. I cannot agree with the Member for Sembawang when he says that we are now in a fortunate, position because trade has increased on account of the Vietnam war, but that we cannot depend on it alone. Quite true. We cannot depend on it alone. But he adds a rider and says that when the Vietnam war is ended - I do not know; I do not think anyone knows when it will be ended - there will be less trade. I think when the Vietnam war is ended, if and when it is ended, there will be more trade, because you need more goods for reconstruction and development than for destruction. But I agree with him entirely that as much as possible we should try to depend on our neighbours. Unfortunately, our neighbours do not want us to depend on them. So let us be independent ourselves and find other markets further afield, and if the markets nearby do come to some sort of arrangement or feel that it is time that they consider that we should co-exist, then well and good, we will have more markets. Mr Speaker, Sir, the Member for Aljunied thinks that it is an insult to a civil servant who, having acted in a post, is later on considered to be unfit to hold that post substantively. I can assure him that in more cases than not, when a person has been acting there, the chances of his getting a promotion are much better. Because of a lack of suitable officers at the moment, we cannot help but make use of a few officers for the time being. But, as I have said, the tendency for officers to act too long in the post is becoming less and less, because we are getting more and more qualified people from both our universities and from abroad.