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24

WEDNESDAY, NOVEMBER 18, 1987

IT ALSO PROVIDED THAT IN 1997 HONG KONG WOULD BECOME A ADMINISTRATIVE REGION OF THE

SOCIALIST POLICY APPLIED, HE SAID.

OF REPUBLIC

CHINA, PEOPLE'S REPUBLIC WOULD

IN ADOPTED

PEOPLE'S

THE

BUT

SPECIAL THE

NOT BE

HONG KONG

"THE PRESENT SYSTEMS IN HONG KONG WILL, IN ALL ESSENTIAL

1997. IN PARTICULAR, RESPECTS, REMAIN FOR 50 YEARS AFTER

Ц MR THOMAS SAID. WILL MAINTAIN ITS OWN FAMILIAR SYSTEM OF LAW,

"THE LAWS CURRENTLY IN FORCE IN HONG KONG WILL REMAIN BASICALLY EQUITY, ORDINANCES, SUBORDINATE UNCHANGED. THE COMMON LAW, RULES OF LEGISLATION AND CUSTOMARY LAW WILL BE MAINTAINED.

"THE JUDICIAL SYSTEM WILL REMAIN ESSENTIALLY UNCHANGED, AND

THE PARTICULAR

INDEPENDENT EXERCISE OF JUDICIAL POWER AND OBLIGATION OF THE COURTS TO DECIDE CASES IN ACCORDANCE WITH THE LAW.

IN

THE

"THE POWER OF FINAL JUDGEMENT OF THE HONG KONG SPECIAL

BR VESTED IN ITS OWN COURT

ADMINISTRATIVE REGION WILL APPEAL, MR THOMAS SAID.

OF FINAL

HOSTED BY THE EARLIER IN THE DAY, MR THOMAS ATTENDED A LUNCH

KONG HONG

ECONOMIC DIRECTOR OF THE

AFFAIRS OFFICE IN NEW YORK,

THE LEGAL MR KERRY MCGLYNN. AT THE LUNCH HE MET REPRESENTATIVES FROM

FINANCIAL AND BANKING PROFESSION AND MEMBERS OF MAJOR

INSTITUTIONS

WHO HAVE SPECIAL INTEREST IN HONG KONG.

QUARTERLY BUSINESS SURVEY RESULTS RELEASED

TODAY

(WEDNESDAY}

REPORTED AN THE MAJORITY OF FIRMS IN THE MANUFACTURING SECTOR

OF IMPROVEMENT IN THE GENERAL BUSINESS SITUATION IN THE THIRD QUARTER

1987, ACCORDING TO THE 1987 AS COMPARED WITH THE SECOND QUARTER OF

BY THE CENSUS AND SURVEY RESULTS RELEASED

EXPECTED THAT, FOR THE MANUFACTURING STATISTICS DEPARTMENT. IT IS

THE FOURTH QUARTER OF SECTOR AS A WHOLE, THE BUSINESS SITUATION IN

THOUGH SHOW

THE PROSPECTS OF IMPROVEMENT, ΤΟ 1987 WILL CONTINUE INDIVIDUAL INDUSTRIES VARY.

THE SURVEY WAS

CONDUCTED

DURING THE FIRST THREE WEEKS OF RECEIVED BEFORE THE OCTOBER. THE GREAT MAJORITY OF THE RETURNS WERE

SUCH RECENT EVENTS IN THE INTERNATIONAL FINANCIAL MARKETS TOOK PLACE.

BUSINESS EXPECTATIONS FOR THE EVENTS MAY, HOWEVER, HAVE EFFECTS ON

SURVEY RESULTS SHOULD THEREFORE FOURTH QUARTER AS A WHOLE. THE INTERPRETED WITH THIS CAVEAT IN MIND.

BE

/FIRMS IN

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