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Mr Chairman.

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Hong Kong and the United States

have the same values. We both believe in free

enterprise; in free speech; in the freedom of the

human spirit; and in hard work getting its just

reward. We speak with the same voice on many issues.

Where there has been friction in our relationship it

has tended to be the healthy friction of business

competition.

We have taken some hard knocks this year. They

are not the first; nor will they be the last. We have

overcome worse and emerged the stronger for it. So

it has been this year. We are busy now in

strengthening our social, legal and political

institutions. We are trying to build a long term

relationship with China genuinely beneficial to both

sides. And we are building with determination and

speed for the new opportunities which we know are

there in our future. We look forward to sharing the

building and the benefits with you.

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