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In addition Australian technology and investment which is of considerable potential value to China and, for Australia, a valued existing and great potential market. Shared interests in many fields of scientific research may be added to the elements which favour even closer ties.

The list of such elements is long and diverse but I

would like to revert briefly to my own company's interests,

which illustrate what Australians have been doing. We were involved in the creation of the China Daily. We are this month publishing jointly with Market Publishing Company a

set of laws and regulations on China's foreign economic relations, and we will be doing more.

To return to the general subject of Australia-China

relations, may I offer the thought that your Committee might

care to examine and discuss the proposition that Australia

is a country with which China might consider developing a

more comprehensive and, in some ways, more intimate

relationship. Such a relationship may well be more

appropriate to relations between two countries which,

despite the disparities in population and economic development,

have so much in common.

May I turn, finally, to one question in which the relationship with Australia could have a special significance.

The Chinese Government and the British Government have

been discussing together the question of Hong Kong. While some of what passes. between these two governments is not our business and we have no right or standing in what

transpires, it is not the case that we in Australia have no business at all in interesting ourselves in the future of Hong Kong, commenting on it and offering ideas.

Let me explain./.....

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