to regain that top spot and I am convinced that never before have

UK companies been so well placed to take advantage of the many

opportunities that exist in the Hong Kong market at the present

time.

None of you present today will need reminding about the Hong Kong

Government's commitment to develop a new port and airport. This

decision was one for the Hong Kong Government; but it has the full

support of HMG. One of the principal objectives of my current

visit is to stress the UK's keen interest in playing a substantial

role in the construction of the new airport and associated

infrastructural projects. We have a great deal of experience to

offer in this particular field and UK companies will be putting in

strong bids for all the key elements of the project. They will

have HMG's full support. It is encouraging to note that a number

of the consultancy contracts already awarded have some degree of UK

involvement.

Let me turn to the question of our future trading relations with

Hong Kong.

Clearly, events happen in the international arena which cannot be

anticipated the present crisis in the Gulf for instance will have

-

trading repercussions all over the world.

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