The administration should reduce property rates and profits tax and a number of government fees and charges to provide relief to the public and businesses during the economic slowdown, the Liberal Party said yesterday. Party legislators also warned against any plans to implement new taxes at this stage and called on officials to speed up infrastructure building projects and create more jobs to stimulate the economy. Presenting their proposals at a pre-budget meeting with Financial Secretary Antony Leung Kam-chung, the party urged the Government to use its $370 billion reserves to help society in difficult times. It said the administration should reduce rates by one percentage point, drop charges on water, sewage, education and medical services, and reduce public housing rents. The party also proposed profits tax, currently 16 per cent, be reduced by half a percentage point and payment of salaries taxes be deferred for a year. All civil servants should take a 10 per cent pay cut, and out-sourcing of government services should be speeded up. Mr Leung is due to meet other political parties over the next two weeks.