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Chronicle TIMELINE

A chronological, causal record of the resistance, major political crises, and contemporary truth.

All decades ›1970s›1973
JanFebMarAprMayJunJulAugSepOctNovDec

Hong Kong Police Chief Superintendent Godber Flees to the UK over Suspected Corruption of HK$4.3 Million

1973 ·Verified ·Importance III ·Sources 1 ·Hong Kong

In 1973, the property under the name of Peter Godber, Chief Superintendent of the Hong Kong Police Force, exceeded HK$4.3 million. After the ordinance of the Independent Commission Against Corruption required him to explain the source of his wealth, he fled back to Britain, sparking anti-corruption protests among the Hong Kong public.

Taiwan Launched the Ten Major Construction Projects Due to the Oil Crisis

1973 ·Verified ·Importance III ·Sources 1 ·Taiwan

After the 1973 international oil crisis broke out, the dividends of Taiwan's traditional economic model came to an end. The Chiang Ching-kuo government turned to issuing government bonds to launch the Ten Major Construction Projects, which subsequently led to the birth of the Hsinchu Science Park and TSMC.

The Nifty Fifty Suffers a Davis Double Kill at High Valuations

1973 ·Verified ·Importance IV ·Sources 3 ·United States

After rising to high valuations, the Nifty Fifty fell sharply along with the bear market that began in January 1973; valuations were compressed to low levels, with earnings and valuation declining at the same time.