THE FOLLOWING IS A JOINT AND HONG KONG GOVERNMENTS:

19

WEDNESDAY, MAY 30, 1990

STATEMENT

ISSUED BY THE GUANGDONG

"IN RESPONSE TO THE HONG KONG SIDE'S SUGGESTION, BORDER LIAISON OFFICIALS FROM BOTH HONG KONG AND GUANGDONG HELD A MEETING IN SHENZHEN ON 30 MAY ABOUT THE CASE OF THE HONG KONG SMUGGLING VESSEL WHICH HAPPENED ON 3 MAY.

"AT THE MEETING, BOTH SIDES GAVE THEIR OWN ACCOUNT OF THE SEQUENCE OF EVENTS AND HELD CONSULTATIONS ON HOW TO RESOLVE THE CASE. THE GUANGDONG SIDE AGREED TO RELEASE THE ARRESTED MEN AND THE BOATS AND STATED THAT THE SMUGGLED CARS HAD BEEN CONFISCATED IN ACCORDANCE WITH THE RELEVANT CHINESE LAWS.

"AT THE MEETING BOTH SIDES EXCHANGED VIEWS ON IMPROVING COOPERATION AND MEASURES TO CURB SMUGGLING BETWEEN GUANGDONG AND HONG KONG. BOTH SIDES STRESSED THAT ON THE BASIS OF PREVIOUS FRIENDLY COOPERATION, FURTHER LIAISON WOULD HELP TO CURB SMUGGLING ACTIVITIES AND CONTRIBUTE TO THE PEACE AND GOOD ORDER OF THE HONG KONG/GUANGDONG BORDER.

NEW BANK HEADQUARTERS A SYMBOL OF COMMITMENT

SPEAKING AT THE OPENING OF

STANDARD IS THE MAJOR BUILDING, SIR DAVID SAID: "SO EQUALLY BANK HAS MADE IN RENOVATING THE WHOLE OF ITS BRANCH

NEW

ONE BUILDING, KONG AND PROVIDING, IN THIS LARGEST DEALING ROOMS."

THE IMPRESSIVE NEW HEADQUARTERS OF THE STANDARD CHARTERED IS A SYMBOL OF THE BANK'S CONTINUING INVOLVEMENT IN AND COMMITMENT HONG KONG, THE GOVERNOR, SIR DAVID WILSON, SAID TODAY (WEDNESDAY).

BANK

TO

CHARTERED BANK INVESTMENT THE

THE NEW

OF

NETWORK IN HONG THE TERRITORY'S

THE

GOVERNOR SAID

THE

STANDARD

CHARTERED

HONG KONG ITSELF, GROWN AND PROSPERED SINCE ITS ESTABLISHMENT TERRITORY OVER 130 YEARS AGO.

BANK HAD,

LIKE IN THE

INDEED HONG

KONG NOW

PROVIDES

ONE

OF THE

BANK'S

MAIN

WORLDWIDE PROFIT CENTRES.

"FOR US, STANDARD CHARTERED AS

ONE

OF IS

BANKS WITH A NETWORK OF OVER 100 BRANCHES, OUR ECONOMY, HE SAID.

— —

OUR TWO NOTE-ISSUING AN IMPORTANT PART OF

THE GOVERNOR POINTED

OUT THAT

STANDARD CHARTERED

AND OUR PERIODIC TIMES

IN MAINTAINING AND HAD PLAYED ITS PART OVER THE YEARS ALL IMPORTANT STABILITY IN THE TERRITORY'S FINANCIAL SYSTEM.

BANK HAD

OF

SHARED IN HONG KONG'S ECONOMIC SUCCESSES DIFFICULTY

— —

/""THE BANK'S

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