8.01 p.m. The President (Dr Benjamin Henry Sheares): Honourable Members, there will be much to keep Honourable Members busy in 1975. We started 1975 with the United States and Western Europe easing credit to avoid more un employment and deepening recession. Japan will probably do likewise later in the year. Singapore is likely to reverse the downtrend in her economy. Our economy will probably do better in the second half of this year than in the first half. We have not fared too badly last year, with real growth around 7%. Two rough indicators are usage of our harbour and airport. General and bulk cargo, excluding bunker fuel, handled by the Port of Singapore Authority increased in volume by 4%. Aircraft arrivals and departures increased by less than 1% in 1974. But passengers increased by 9%. Thus the world and Singapore adjusted to higher fuel prices and higher fares. Singaporeans cannot expect to enjoy real growth rates of 10-12% which lasted for over five years up to 1973. The Japanese, who achieved 12-15% growth for the decade before the energy crisis, now plan for a 4~% growth rate. If our growth rates are between 5% and 7%, it is because we have a lower base from which to climb up. Provided there is no war and another oil embargo or other major catastrophe, Singaporeans will adjust to slower growth rates. This is one of the advantages of a relatively young population. Our birth rates continued to fall in 1974. Experts had predicted more births because of more young people entering the fertility age group. But, in fact, total births declined in 1974 to 44,000 from 48,000 in 1973. On the other hand, the problems of the old will grow more difficult as young families leave out their aged parents when they move into flats. Already, over one million people, or more than 45%, live in Housing and Development Board estates. Last year, 26,000 homes were completed. My Government will take measures to make it more attractive for young couples to have their parents live with them. If nothing else, the grandparents help in bringing up the children whilst father and mother are at work. A more pressing problem is travelling at peak hours. Once we live in high-rise and work in high-rise, we have increased the density of traffic between the home and office. And when so many. want to get into the Central Business District at the same time, then traffic jams at peak hours are. inevitable. Fringe car parking will have to be made to work, to free the roads in the Central Business District for more efficient use by public passenger vehicles. Peak hour travelling times and the charges for entry will be adjusted to give maximum room for public passenger vehicles. The bus service is improving. More improvement can be made in another three to five years. In the late 1980's the beginnings of a Mass Rapid Transit may lessen this congestion. One beneficial side effect of the energy crisis is a slowdown in the number of new cars registered. However, within a few years, car manufacturers will design lighter cars with more economic engines, cheaper to buy and cheaper to run. So it is necessary to be vigilant and to adjust road and petrol taxes to prevent our roads from over-congestion. Another problem Honourable Members will have to tackle is the growing crime rates. High crime rates used to correspond to high unemployment rates. This is no longer true. A generation is growing up that does not know what it is to be unemployed. They get jobs easily, despite the slowdown in world trade and in Singapore's economy. They want the good things in life, but without working to pay for them. On the other hand, the police force is undermanned. My Government will introduce full-time National Service for the police force. In this way, the manpower shortage will be lessened. We shall also have people in the reserve police service living all over Singapore. They will enlarge our law enforcing capacity. We must catch criminals and punish them. More severe punishment must be meted out, most of all to drug traffickers on whom any mercy is misplaced. We must make Singapore a safe and orderly place to live in. And this we can achieve because we have a people responsive to their collective needs, a public service and police force not tainted by corruption, and a Government prepared to take action before things get out of hand. The primary duty of government is to establish a society in which everyone has an equal chance to live, learn, train, work and earn to the best of his or her ability. We shall complete 16 years of representative government this June. Our population growth went down from 4.0% in 1959 to 1.5% in 1974. On the other hand, our external reserves have grown 20 times, from a mere $336 million in June 1959 to over $6+ billion on 1st January, 1975. This could never have been achieved without self-discipline, hard work, thrift and enterprise. Honourable Members, I am confident that in your deliberations, you will not be swayed by short-term political considerations, and that, instead, you will be guided by the long-term interests of all our people. At the conclusion of the President's speech, Mr Speaker, preceded by the Serjeant at Arms, the Clerk, the Principal Assistant Clerk and the First Assistant Clerk, escorted the President (accompanied by two A.D.C.s) out of the Chamber, and the House adjourned without question put, pursuant to the Standing Order. Adjourned accordingly at Fourteen Minutes past Eight o'clock p.m.