P.M. to EXCO/LEGED: 20.12.84.

2

We feel, as we have always felt, a deep commitment to

the people of the territory. Now that the agreement is signed,

I pledge Her Majesty's Government's earnest efforts in the

years to 1997 to ensure that Hong Kong continues to have a

stable and responsive Government, administering the territory

in accordance with the interests and wishes of its people.

During that time you will want and need movement

towards more representative Government. Hong Kong people must

be able to assume responsibility for running their own affairs

within the framework of the agreement. At the same time we

must avoid sudden and dramatic changes which might have a

disturbing effect. We need to build, but to build carefully

and securely.

Hong Kong, more than most places, looks outwards for

its livelihood. It finds ready markets in the developed

world. It is natural that traders and investors should have

watched carefully the negotiations and their outcome. They

wanted to be assured that their investments would be protected,

their sources of supply would remain reliable, and their

freedom to move funds freely in and out would remain

untrammelled.

PM's

SPEECH

20·12.84

or

21

3

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