w
CONFIDENTIAL
TOP COL Q DIST
35
OCMIAN 7630
CONFIDENTIAL
00 PEKIN
FM FCOLN TO HOKON
231015Z DEC
GRS 242
011/20
RECEIVED IN REGISTRY
29 DEC 1986
CONFIDENTIAL
FM FCO
TO IMMEDIATE HONG KONG
TELNO 2960
OF 2310152 DECEMBER 86
INFO IMMEDIATE PEKING
MIPT: ANNUAL REPORT TO PARLIAMENT
1.
BEGINS
FOLLOWING IS DRAFT CONCLUSION.
BRY
на
kultur. Taken
7630 1
See/36
See/37
1986 HAS BEEN A GOOD YEAR FOR HONG KONG. THE ECONOMY,
LED BY A STRONG EXPORT PERFORMANCE, IS FLOURISHING. UNEMPLOYMENT
AND INFLATION HAVE REMAINED LOW AND THERE HAS BEEN A RETURN TO A
BALANCED BUDGET. INVESTOR CONFIDENCE, BOTH LOCAL AND OVERSEAS,
IS HIGH. THE SINO-BRITISH JOINT LIAISON GROUP AND THE LAND
COMMISSION HAVE WORKED STEADILY AND PRODUCTIVELY AND HAVE
CONSIDERABLE PRACTICAL ACHIEVEMENTS TO THEIR CREDIT. STEPS
TOWARDS MORE REPRESENTATIVE GOVERNMENT TAKEN IN 1985 HAVE BEEN
CONSOLIDATED DURING 1986. 1987 WILL BE AN IMPORTANT YEAR IN
WHICH FURTHER STEPS IN THE PROCESS OF HONG KONG'S POLITICAL
DEVELOPMENT WILL BE CONSIDERED BY HONG KONG PEOPLE THEMSELVES.
HER MAJESTY'S GOVERNMENT REMAIN FIRMLY COMMITTED TO THE
TERRITORY OF HONG KONG AND ITS PEOPLE. THEY WILL CONTINUE TO
FULFIL THEIR RESPONSIBILITIES FOR HONG KONG'S SOUND
ADMINISTRATION AND TO LOOK AFTER HONG KONG'S INTERESTS
INTERNATIONALLY. THEY WILL WORK TO ENSURE THE SMOOTH
IMPLEMENTATION OF THE SINO-BRITISH JOINT DECLARATION, TO MAINTAIN
1
CONFIDENTIAL