HSBC chairman David Eldon sees a tentative recovery in Hong Kong's economy, led by increased container shipments to the United States and improving consumer sentiment. 'But don't expect a full recovery over most of the year. It will be months before that comes to Hong Kong,' he said. Mr Eldon's remarks came during a lunchtime address to the American Chamber of Commerce. Quizzed on the currency peg, which ties the Hong Kong dollar to the US dollar at a fixed exchange rate, Mr Eldon said the system had served the SAR well and the question of delinking 'shouldn't even be a discussion point at this present time'. Earlier, in an address peppered with song titles, Mr Eldon said that, while other currencies had faced painful fluctuations and uncertain conditions, Hong Kong's currency peg had provided a Bridge Over Troubled Waters - the title of a popular Paul Simon and Art Garfunkel hit. Mr Eldon urged those 'selling' Hong Kong abroad to talk more to those audiences who may be less convinced. 'Less time, as Willie Nelson might say, 'makin' music with our friends',' he said, adding that to secure its future, Hong Kong needed fewer property speculators and more entrepreneurs. 'We need to get back to the entrepreneurial ways that made Hong Kong what it is - and to forget the lure of quick personal profits which, over time, contributed to the loss of Hong Kong's collective competitiveness,' he said. Mr Eldon said the Government had chosen the correct option in deferring tax increases in its latest Budget but expected that a consumption tax was likely to be introduced once the economy recovered.