THURSDAY, APRIL 19, 1990
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BUSINESS
SIR DAVID POINTED OUT THAT AN INTERNATIONAL COMMITTEE CHAIRED BY HIMSELF HAD RECENTLY BEEN FORMED FOR WIDE RANGING DISCUSSIONS AMONG FOREIGN CHAMBERS OF COMMERCE ON HOW TO MAKE HONG KONG A BETTER PLACE TO DO BUSINESS.
TURNING TO THE CONSTRUCTION OF AN AIRPORT AT CHAP LAP KOK, SIR DAVID SAID THERE HAD BEEN A VERY LARGE NUMBER OF EXPRESSIONS OF INTEREST FROM JAPANESE FIRMS.
"WE WELCOME THESE EXPRESSIONS OF INTEREST, JUST AS WE WELCOME THE STRONG JAPANESE COMMERCIAL PRESENCE ALREADY IN HONG KONG.
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"ONE OF HONG KONG'S TRADITIONAL STRENGTHS HAS BEEN ITS ABILITY ATTRACT INTERNATIONAL BUSINESS, AND THAT MULTI-NATIONAL CORPORATIONS FEEL CONFIDENT IN DOING BUSINESS IN OUR IMPARTIAL, AND UNFETTERED ENVIRONMENT, SIR DAVID SAID.
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THE CONTINUED PRESENCE OF JAPANESE AND OTHER
FOREIGN
BUSINESSES IN HONG KONG REMAINED ENORMOUSLY IMPORTANT FOR US, HR
ADDED.
ON THE QUESTION OF WHETHER HONG KONG COULD AFFORD SUCH AN AMBITIOUS PROJECT, SIR DAVID SAID: "WE ARE CONFIDENT THAT HONG KONG CAN UNDERTAKE THESE PROJECTS WITHIN ITS OWN RESOURCES AND STILL LEAVE THE NEW SPECIAL ADMINISTRATIVE REGION GOVERNMENT IN A STRONG FINANCIAL POSITION IN 1997.
"INDEED, NOT TO GO AHEAD WITH THE PROJECT WOULD MISTAKE IN THAT THE ECONOMIC DEVELOPMENT OF HONG SERIOUSLY IMPAIRED WITHOUT IT, HE STRESSED.
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BE A SERIOUS KONG WOULD BE
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AG SPEAKS ON COMMERCE AND THE LAW IN HK
THE CERTAINTY OF HONG KONG LAW HAS CREATED A SOLID AND RELIABLE BASE FOR THE ENERGY, INVENTIVENESS AND ENTREPRENEURIAL DRIVE OF ITS PEOPLE TO BUILD ON AND FLOURISH, THE ATTORNEY GENERAL, MR JEREMY MATHEWS, SAID TODAY (THURSDAY).
SPEAKING TO THE INSTITUTE OF INTERNATIONAL AFFAIRS IN AUCKLAND, NEW ZEALAND, ON THE COMMERCE AND THE LAW IN HONG
KONG, MR MATHEWS SAID TRADE HAD ALWAYS BEEN VITAL TO HONG KONG AND THOSE TRADING THERE COULD RELY ON THE LEGAL SYSTEM TO ENFORCE OBLIGATIONS AND DETERMINE LIABILITIES.
HE SAID THE COMMERCIAL LAW OF HONG KONG WAS AN AMALGAM OF THE COMMON LAW, LOCAL LEGISLATION AND UNITED KINGDOM LEGISLATION WHICH HAD BEEN APPLIED TO HONG KONG. THERE WERE ALSO A INTERNATIONAL CONVENTIONS AFFECTING COMMERCIAL OPERATIVE IN HONG KONG.
RELATIONS
NUMBER OF WHICH WERE
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