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GOVERNOR GIVES PRESS CONFERENCE
FOLLOWING IS A FULL TRANSCRIPT OF THE PRESS CONFERENCE GIVEN BY THE GOVERNOR, SIR DAVID WILSON, TODAY (TUESDAY):
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H.E : GOOD AFTERNOON. IT IS NICE TO SEE YOU ALL THROUGH THE BARRAGE OF CAMERAS AND
IS NICK TO KNOW THAT BOTH TELEVISION COMPANIES ARE APPARENTLY OPERATING IN CO-OPERATION!
A
IT IS SEVEN MONTHS SINCE I CAME TO HONG KONG IN MY PRESENT APPOINTMENT. IT IS SOME SIX MONTHS SINCE I GAVE A PRESS CONFERENCE. GREAT DEAL HAS BEEN HAPPENING DURING THESE SIX MONTHS AND I THOUGHT IT MIGHT BE A NICE OPPORTUNITY TO MEET ALL OF YOU PUBLICLY AND TO ANSWER ANY QUESTIONS THAT YOU WANTED TO PUT FORWARD. MOST OF YOU T HAVE MET OVER THE LAST FEW MONTHS. MANY OF YOU 1 HAVE MET SEVERAL TIMES OVER THE LAST FEW MONTHS. SO I AM AT YOUR DISPOSAL TO TRY TO ANSWER ANY OF YOUR QUESTIONS.
DIS: FIRST QUESTION? THE GENTLEMAN IN THE FRONT.
FIRST
ALSO
YOUR
KONG ECONOMIC JOURNAL: THE LO WING-HUNG, OF THE HONG
TRIP QUESTION, CONCERNING YOUR TRIP TO THE UNITED STATES. DURING YOUR
PRESSURE FROM TO THE UNITED STATES IN OCTOBER, HAVE YOU RECEIVED ANY THE U.S. GOVERNMENT CONCERNING THE LINK RATE BETWEEN HONG KONG DOLLARS AND U.S. DOLLARS? THE SECOND QUESTION IS, ABOUT YOUR TRIP TO
SO ARK
MANY RUMOURS CONCERNING YOUR TRIP TO CHINA. AS THERE
ABOUT YOUR TRIP, DO YOU RELATIONS WITH THE CHINESE GOVERNMENT AND
IN THINK IT IS POSSIBLE FOR YOU TO BRIEF THE LEGCO MEMBERS, LET'S SAY
THE VISIT TO CHINA ABOUT
CONTENT OF THE OMELCO MEETING, AFTER EVERY
THE CHINESE GOVERNMENT? I THINK THE CONVERSATION BETWEEN YOU
PERIOD. DO THIS PRACTICE, IT WAS THE PRACTICE DURING THE NEGOTIATION YOU THINK IT IS POSSIBLE?
AND
DIFFERENT QUESTIONS. LET H.E.: THANK YOU. THESE ARE TWO VERY
1 ME TAKE TERM IN ORDER. FIRST OF ALL, THE UNITED STATES. I SAID WHEN
RAISED WITH ME OF WAS IN THE UNITED STATES THAT THE POINT HAD BEEN THE LINK WITH THE U.S. DOLLAR. IT IS A POINT WHICH HAS COME UP BEFORE;
THE 1.M.F. CONFERENCE. IT IS A FOR INSTANCE, MR BAKER TALKING AT
MULFORD AND SOME POINT WHICH HAS COME UP MUCH MORE RECENTLY WITH MR
NOT COMMENTS THAT HE HAS MADE. WE HAVE MADE IT QUITE CLEAR THAT WE DO
LINK. WE SEF HONG KONG GETTING ANY UNFAIR TRADING ADVANTAGE FROM THE
FROM THAT OF SOUT!! SFF OUR POSITION AS BEING VERY DIFFERENT
IS VERY UNITED STATES
HUGE BECAUSE DEFICIT
KOREA OR TAIWAN, UNDERSTANDABLY
IN BOTH TRYING
CASES THOSE
REDUCE THE
INDEED
THE TRADE
OF PROTECTIONIST
IS TOTALLY TRADE IS ROUGHLY
TO SURPLUSES HAVE BEEN BUILT UP AGAINST THE BACKGROUND BARRIERS. I EXPLAINED IN THE UNITED STATES THAT HONG KONG DIFFERENT. WE ARE NOT RUNNING A TRADE SURPLUS. OUR
THIS YEAR BE SLIGHTLY IN IN BALANCE. IN FACT WE MAY AT THE END OF
ONE OF DEFICIT. I ALSO EXPLAINED TO THEM THAT THE PEG ARRANGEMENT IS
AND THE STABILITY KNORMOUS IMPORTANCE TO THE STABILITY OF HONG KONG
OUR TRADING SYSTEM. OF THE HONG KONG FINANCIAL SYSTEM AND THEREFORE
THEM
FOR THOSE
HAD NO AND I EXPLAINED TO INTENTION OF SHIFTING IT AND I AM BOUND TO SAY THAT WITH MOST PEOPLE I WAS TALKING TO I GOT A VERY SYMPATHETIC RESPONSE.
ALSO THAT
REASONS
WE
OF THE
/YOUR SECOND