PRESS RELEASE
  28 November 1997
  Democratic Party Condemns Major Election Spending Hike
  Democratic Party Chairman Martin Lee today condemned huge proposed election
  spending increases as turning Hong Kong into a "tycoon-ocracy"
  -- where only the very wealthy could afford to stand for election. Submitted
  to the Beijing-appointed Provisional Legislature on November 24, the latest
  change increases electoral spending limits by 143 percent, greatly disadvantaging
  pro-democracy candidates who traditionally have significant difficulties
  raising funds.
  The new rules will allow groups contesting geographical constituencies
  to spend HK$500,000 per seat in the May 1998 elections. This means that
  an individual or party can spend up to $2.5 million in five-seat constituencies
  (New Territories East and West), $2 million in the four-seat constituency
  of Hong Kong Island and $1.5 million in three-seat constituencies (Kowloon
  East and West). The spending limit per seat in the 1995 legislative elections
  was capped at $200,000 -- less than half of therevised amount. Adjusting
  for inflation, the Democratic Party had recommended an increase to $240,000
  per seat. The raised expense ceilings clearly threaten the political prospects
  of the most popular political parties and individuals who rely principally
  on funds raised from citizens. The Democratic Party -- fielding 20 candidates
  for all 20 democratically elected seats -- would thus have to spend $10
  million in the May 1998 elections to compete effectively with wealthy opponents.
  The spending hike further undermines the credibility of Hong Kong's
  first elections since the handover, which have already been marred by the
  restriction of the number of democratic seats to 20 of 60 and by electoral
  laws which dramatically reduced the franchise. Martin Lee said he intended
  to raise the issue of unfair election spending changes with Chief Executive
  C.H. Tung at their next meeting in early December.
  Martin Lee commented:
  "These new changes are totally unjustified and are clearly intended
  to further handicap the Democratic Party and our allies. It will not be
  possible for the democrats to spend such large amounts of money, and our
  candidates will naturally suffer.
  Hong Kong's economic elites simply do not need any further advantages
  in these elections. Rather than encouraging money politics, the government
  should concentrate on getting information to the public through sponsored
  debates and free radio and television airtime -- thus ensuring a more level
  playing-field and democratic electoral process."