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Company had been in touch with some financial institutions in HK and in the enclave to act as agents for the sale. He expected that sales would go up to 70 to 80 per cent of the total upon their release in the market. Businessmen Leung Sung and Wong Sau-kei hoped that the Government would not make the purchase of bonds compulsory as had been the case with the electric company.
Airport Company shareholder Stanley Ho had denied suggestions that he planned to stop his investment in the new airport. He said that he was very confident in the project.
Quoting sources in the banking sector, the Oriental Daily News (27.10) said that the Airport Company planned to raise loans in HK for up to one billion dollars for the new airport. The report said that the Airport Company would hold discussions on the issue with three financial consultancies at the end of the month. One of the consultancies said that they had been in touch with HK's banking sector and initial response from Japan-funded banks had not been enthusiastic.
Other Issues
The New Evening Post (25.10) quoted Government spokesman Salavessa da Costa as saying that the Governor had been formally invited by the Chinese Ministry of Foreign Affairs to visit China. this year.
The itinerary was being sort out by both sides.
The New Evening Post (25.10) said that the Governor had consulted the Legislative Assembly on candidates to fill the post of anti-graft commissioner. Sources said the commissioner would be appointed within a week.
Wah Kiu Yat Po (6.10) quoted the Under-Secretary for Public Security, Brigadier Lajes Ribeiro, as saying that there would be talks with the Portuguese Internal Affairs Department on the issue of putting local military staff under the Portuguese establishment. He believed that the plan was feasible. Brigadier Ribeiro, however, refused to comment on repeated remarks by the Chinese side that they would not recognise the dual-establishment status of civil servants and their dual
allegiance.
COMMENTS
Lam Chong, writing in the HK Daily News, had nine commentaries on Macau issues during the period under review.
On the issuing of short-term bonds to finance the new airport project, Lam Chong did not think that the Government would make the purchase of bonds compulsory in the business sector as the Airport Company was basically a private venture. In another development, Lam Chong noted that five consortia had been short-listed for the appointment of a consultancy firm to co-ordinate and manage the overall airport works. However, some of the short-listed consortia, the writer said, might have