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1.

Chairman Deng started by saying that Lord Kadoorie was 6 years older

and looked healthier than himself. He asked whether Lord Kadoorie had

subsequently visited Shanghai. Lord Kadoorie replied that he had been there again 7 years ago and was looking forward to going there at some

future date. Chairman Deng suggested that he should visit Shanghai

more often as he was born there. Lord Kadoorie replied that he was

actually born in Hong Kong and went to Shanghai at an older age.

While on the topic of age, Lord Kadoorie added that the combined age

of Chairman Deng and himself totalled 160 years of experience. Chairman Deng replied that it was indeed so, adding that Lord Kadoorie

really understood China.

2.

Chairman Deng said that in the preceding period at the time of Sino

British discussions, Hong Kong experienced some turbulence but Lord

Kadoorie and his company adopted a friendly and positive attitude

towards China. For this, he wished to thank Lord Kadoorie and the

friends in his company. Lord Kadoorie said it had been a great

pleasure to be useful to China and to continue the co-operation which

he and his company had had with China in the past. Chairman Deng said

that China Light together with the Guangdong Power Co. were

co-operating in a project which was the largest joint venture between

China and an external investor. This is simply an extraordinary event

he emphasised. Lord Kadoorie said it was an honour for him and his

company to act as the link in a chain between the past and the future

and to be useful to China and Hong Kong. Chairman Deng said that not

only was the project in question the largest joint venture, it also

contributed to the prosperity and stability of Hong Kong by boosting

the confidence of the people there. This was a point which was

especially important. He said the joint venture agreement exercised

its usefulness not only during the 7-year construction period but

would continue to do so after 1997. It had the effect of linking the

economies of Hong Kong and the mainland even more closely. Although

he very seldom met delegations of this nature, he was very pleased to

see Lord Kadoorie and to congratulate him and his delegation for their

work. Chairman Deng added that although he had met other people such

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