CONFIDENTIAL

IMMEDIATE

You the people of Hong Kong, have created here at the heart of

Asia, a wonder of the world, one of the most spectacular

examples of the virtues of a free economy known to

man.

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Now the people of Hong Kong face a new task. I am privileged to

share it with you. Our task for the future is as momentous as

your achievements in the past. It is a task that will require

all the qualities you have already shown resilience,

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determination, drive - but in still greater measure. It is a

task which, when we accomplish it successfully as we are going

to do will provide a shining example to the world of

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partnership and co-operation between peoples and nations for the

good of all.

of

S

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What we have to do in the last years of this tumultuous century

is to turn from earnest hope to firm reality, that historic and

far-sighted concept

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"one country, two systems".

When we have achieved that, we will have fulfilled the

promise enshrined in the Joint Declaration: a Hong Kong

whose future - founded in that Declaration - is secure; a Hong

Kong that cherishes and maintains its present lifestyle; a

capitalist heart beating at the centre of Asia, pumping

prosperity ever more widely.

6 That achievement will be good for the citizens of today's Hong

Kong; good for the citizens of the Hong Kong of tomorrow; good

for China; good for Britain; good for the close relationship

between our two ancient civilisations; and it will - as a new

century unfolds be good for the world.

As you know, I don't come today as a stranger to the

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