CLOSING PASSAGE

Let me end by recalling the fundamentals of our

approach to the negotiations on Hong Kong's future.

Our

aim can be simply stated. It is to make arrangements for

a high degree of autonomy for Hong Kong under Chinese

sovereignty after 1997. It is also to provide the greatest

possible continuity both of systems and of lifestyle for

the Hong Kong people. We are, to this end, working for

a detailed and binding agreement with China which would

enshrine such arrangements. Confidence has been a central

theme of this debate. And a satisfactory agreement along

these lines is, I believe, the surest way to maintain the

confidence of the people of Hong Kong and of those outside

who trade and invest there.

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Our complex and difficult negotiations with the Chinese

Government continue. We are still some way from an agreement

and a number of points remain to be resolved. But a good

deal of progress has been made: and we see our good relations

with China, and the Chinese Government's publicly expressed

desire to see Hong Kong's economic system and lifestyle remain

unchanged, as a basis on which we can build. We believe that,

on both sides, there is a will to overcome the remaining obstacles and bring our work A a successful conclusith. Our aim is

obstacles and to achievq an agreement which will satisfy the

concerns of the people of Hong Kong, and which we can honourably

commend to this House.

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