10
TUESDAY, APRIL 9, 1991
AS
DISCUSSIONS
THE
ΤΟ
STAY
1 N
IS
USE
OF
MR HURD: WE WILL CONTINUE THIS IMMEDIATE ROUND OF LONG AS WE THINK IT'S USEFUL AND THE SAME IS NO DOUBT TRUE ON CHINESK SIDE.
TRIED 1
HAVE USE THE WORD EBB AND FLOW AND I DESCRIBE WHY I USE IT, BECAUSE IT HAS FROM TIME TO TIME IN THESE LAST FEW DAYS BEEN OUR IMPRESSION THAT THE DIFFERENCES WERE NARROWING QUITE HAD THE OTHER SUBSTANTIALLY
AT OTHER TIMES WE HAVE AND QUICKLY. IMPRESSION.
I HAVE AUTHORISED THE OFFICIALS TO WHY THAT'S PEKING FOR A FEW DAYS IN ORDER TO TRY AND ESTABLISH WHETHER THERE ROOM
I HOPE THAT THERE IS AND WE WILL FOR A QUICK AGREEMENT.
IT'S A QUESTION IT'S NOT A QUESTION OF SANCTIONS ON EITHER SIDE
THIS AS I CLEARLY PERCEIVED INTERESTS AND WE WILL CONTINUE TO PRESS.
THE AIRPORT SAY,
IS GOING TO BE BETWEEN NOW AND '97 AND NOT JUST ON
BUSINESS BUT MAY BE ON OTHER THINGS. IT'S GOING TO BE AN UPHILL
IN THE BECAUSE WHAT WE ARE TRYING TO DO IS MAKE A DIFFICULT CONCEPT
DIFFERENT JOINT DECLARATION WORK. I HAVEN'T HEARD ANYBODY PRODUCE A
TO THE CONCEPT. I HAVEN'T HEARD ANYONE PRODUCE A DIFFERENT ANSWER FUTURE OF HONG KONG, IF PEOPLE DO PRODUCE A DIFFERENT ANSWER, THEN WE BUT I AM WILL HAVE TO SAY WE ARE COMMITTED TO THE JOINT DECLARATION. STRENGTHENED IN SUPPORTING THE JOINT DECLARATION BY THE FACT THAT
ANYONE, HOWEVER FIFTEEN MONTHS OR WHATEVER, I REALLY HAVE NOT HEARD
HONG KONG. FIERCE THEIR CRITICISMS, SUGGESTING A DIFFERENT ROAD FOR
PICK OUR WAY SO LONG AS THAT IS SO WE HAVE TO TRAVEL THIS ROAD;
I THINK SOMETIMES THIS MAY TAKE SOME TIME. THROUGH THE OBSTACLES;
IT MAY THAT IS A FAMILIAR THOUGHT TO MANY BUSINESSMEN IN HONG KONG.
WHAT WE ТАКЕ SOME TIME AND THE THING IS TO PERSEVERE AND THAT IS INTEND TO DO BASING OURSELVES ON THE TWO PRINCIPLES WHICH I DEFINED AT
BOTH BEGINNING,
NOT THE
OF
BE WHICH SEЕЕМ ТО
CRUCIAL, WHICH DO OTHER CONTRADICT BACH
AND IT'S IN THE
OF THOSE RECONCILING
TWO AND CONSULTATION WITH CO-OPERATION PRINCIPLES
CHINA AND THE EFFECTIVE AUTHORITY OF THE HONG KONG GOVERNMENT LIES.
—
IN
THAT THE WAY FORWARD
ΤΟ
FOO CHOY PENG (STRAITS TIMES SINGAPORE): YOU KEEP REFERRING
GOVERNMENT, IMPORTANT MATTERS THAT NEED CONSULTATION WITH THE CHINESE
KONG BUT THERE WILL BE MANY OCCASIONS IN THE FUTURE ON WHICH THE HONG
CHINA FEELS GOVERNMENT FRELS IT DOES NOT HAVE TO CONSULT CHINA AND
A THESE MATTERS NEED TO BE CONSULTED. SO IS THERE A FINAL ARBITER OR GUIDING PRINCIPLE ON THIS TO PREVENT FUTURE CONFRONTATION?
ONE OF MY THERE IT IS. PRECISELY TO
MR HURD :
NO,
BUT THERE IS MACHINERY OF COURSE. CONCERNS HAS BEEN TO REACTIVATE THE JOINT LIAISON GROUP. 1T IS THE MACHINERY SET UP UNDER THE JOINT DECLARATION
PILE OF DEAL
SORTS OF MATTERS AND IT'S GOT A THESE WITH WAITING TO BE SOLVED AND I HOPE THAT IT MAY NOW MAKE BETTER SPEED.
PROBLEMS
THE POINT PRIVATE
JOHN ELLIOTT (FINANCIAL TIMES); COULD I FIRST MAKE THAT VERY FEW OF US IF ANYBODY HAS HEARD OF THIS 25 PER CENT
WITH SECTOR FIGURE BEFORE YOU BEGAN TO PRODUCE IT AFTER YOUR MEETINGS
HAVE
IT FOUND
VERY I THE GOVERNMENT.
HAVE NEVER HEARD IT AND I
ΤΟ FIND ANY DIFFICULT IN PHONE CALLS IN THE LAST COUPLE OF DAYS
THE YOU CAN EXPLAIN IT TO ME. COULD I ASK OFFICIAL WHO
QUESTION. GIVEN THE FACT THAT THERE ARE $73 BILLION IN THE MAIN FISCAL RESERVES,
PLUS THE LAND AND ABOUT THE SAME AMOUNT AGAIN IN THE EXCHANGE FUND,
WHICH FUNDS BEING BUILT UP, GIVEN THE FACT PLUS THE S.A.R. LAND FUND
GOVERNMENT HAS HAS BEEN BUILT UP, AND GIVEN THE FACT THAT THE U.K.
WHY CONTROL OVER PART OF THE EXCHANGE FUND AND WHAT HAPPENS TO
THE GIVING DON'T YOU CLEAR UP THIS DIPLOMATIC HASSLE BY JOINTLY
GOVERNMENT FOR THE FUNDS TO BE USED WITH THE AIRPORT TO BE BUILT?
AND
IT, AUTHORITY FOR THE
/MR HURD