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بيا
FRIDAY, DECEMBER 17, 1982
FOLLOWING IS THE TEXT OF MR BREMRIDGE'S SPEECH:
+CHAIRMAN, LADIES AND GENTLEMEN,
+WHEN YOU KINDLY INVITED ME TO ATTEND YOUR ANNIVERSARY CELEBRATION I WONDERED MILDLY WHAT SORT OF MARKET YOU AND YOUR MEMBERS WOULD BE TOASTING THIS EVENING.
+LOOKING AROUND THE MARKETS OF THE WORLD I SUPPOSE ONLY THE BROKERS IN NEW YORK AND LONDON HAVE LARGE PROFITS TO CELEBRATE. THEIR VOLATILITY HAS IN FACT NOT PRODUCED MUCH TURNOVER. THERE HAS BEEN A REVISION IN THE MARKET ASSESSMENT OF OUR ECONOMY, BUT THE MARKET HAS NOT HAD TO MEET ANYTHING LIKE PANIC SELLING.
+1 AM IMPRESSED BY THE GOOD ORDER WHICH THE MARKET HAS SHOWN IN THESE DIFFICULT AND INDEED NOVEL TIMES. I WAS ENCOURAGED, MR CHAIRMAN, WHEN YOU CALLED THE ATTENTION OF YOUR MEMBERS TO THE DANGERS OF A BEAR SELLING IN THIS MARKET. WE CAN DO WITHOUT BEAR SELLING IN EITHER THE PHYSICAL OR METAPHORICAL SENSE IN THE NEXT FEW MONTHS. AS THE LARGEST OF OUR EXCHANGES, YOU HAVE THE MAIN ROLE IN SETTING STANDARDS BEFORE UNIFICATION.
+ON THAT POINT AND ON A PERSONAL NOTE I WOULD EXPRESS MY WARM CONGRATULATIONS TO YOU ON YOUR ELECTION AS CHAIRMAN OF THE COMMITTEE OF THE NEW EXCHANGE. MR WOO HON FAI HAS RENDERED STERLING SERVICE IN WELDING THE COMMITTEE TOGETHER IN ITS FIRST YEAR. YOU BECOME LEADER WHEN MAJOR DECISIONS WILL HAVE TO BE TAKEN AND I WISH YOU WELL IN YOUR TASK.
+AS FOR THE FAR EAST EXCHANGE, I WISH ALL ITS MEMBERS A PROSPEROUS NEW YEAR. I AM SURE THAT BEFORE TOO LONG THE ACTIVITIES IN YOUR MARKET WILL SHOW THAT, AS ALWAYS IN HONG KONG, WE HAVE TOGETHER SOLVED OUR TEMPORARY DIFFICULTIES.
+AS I BELIEVE PROFOUNDLY IN THE CONTINUED STABILITY AND PROSPERITY OF HONG KONG, I AM UNPERTURBED BY THE CHATTERING GOING ON AT PRESENT.
+ IT IS MY OBSERVATION THAT THE LESS PEOPLE KNOW, THE MORE THEY TALK. AND GOD KNOWS HOW SOME TALK NOW AT THE SLIGHTEST INVITATION - AND ARE GIVEN WIDE PUBLICITY.
+LET US PREFER THE APPROACH OF THE MAJOR HONG KONG BANKS. THEY TALK LITTLE BUT DO MUCH. THANK GOODNESS FOR THEIR CONTINUED AND RESPONSIBLE STAND. WE OWE THEM A GREAT DEAL.
+MAY I PROPOSE A TOAST TO THE PROSPERITY AND CONTINUED GOOD ORDER OF YOUR EXCHANGE AND YOUR MEMBERS.+
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