I would like to commend you for the page three reports on the announced Budget adjustments (TMIS, 8 January). As you so analytically mentioned, few other newspapers saw the importance of these announced measures. I only read about them in one other newspaper, the Maltese daily l-orizzont.

May I also add that another important announcement, which few newspapers and radio and television news services mentioned, was the transfer of the plurimillion euro valued land at Qawra from the books of GO plc to the government. Year after year, GO plc shareholders had been assured that this land belonged to GO plc. Likewise, all the property in which GO plc had offices or exchanges could not have remained government property when Maltacom changed into GP plc as yearly rent would have been paid and shown up in the annual accounts presented to this telecommunications company shareholders. I am sure such a manoeuvre does not encourage people to part with their savings and invest them in the stock market.

Salvu Debono

KIRKOP