- 5
5.
Secondly,
Mr.
Raymond
Pang said that the
deteriorating law and order situation in Hong Kong had
remained a matter of grave public concern. In particular, the
supply of firearms to local criminals from China and the high
rate of car theft (and the consequent car smuggling into
China) were matters of concern.
He urged the Hong Kong
government to seek Chinese cooperation in dealing with these
problems.
6.
Thirdly, the high rate of inflation and the rising
property prices remained a matter of grave concern to the
public.
He said the sandwich class were feeling extremely
frustrated as the continuing escalation of property prices had
thwarted their aspirations to own home. This problem could
adversely affect social cohesion. It was widely believed that
the US/HK Dollar link had contributed to the serious inflation
problem faced by Hong Kong.
therefore be reviewed.
The US/HK Dollar link should
Fourthly, the need for good relationship between UK
7.
and
PRC
and
proclaimed
of
between
intention
Hong Kong and PRC. The new Governor's *
to
maintain a cordial working
relationship between Hong Kong and China had the full support
DB chairmen. However there is general public concern about.
the current impasse over the airport financial arrangements.
He
urged that the
problems should be resolved as early as
possible.