The repeated emphasis on the desirability of a sound and strong banking industry was motivated by several critical important considerations. Against the backdrop of recent developments in our export markets and the evolution of our balance of payments position I find it quite appropriate to briefly look back in order to throw some light on future orientation of our macro-economic policies.
Nevertheless, people in their sixties need to learn how to extend the life of the assets they have accumulated, especially as they can now expect to live another 20 to 30 years, or even more as we look ahead to a normal life span of 100 years.