W

SATURDAY, NOVEMBER 16, 1991

THE FINANCIAL SECRETARY WILL FIRST ARRIVE IN PEKING WHERE HE WILL MEET OFFICIALS AT THE STATE PLANNING COMMISSION, MINISTRY OF TRADE, BANK OF FINANCE, MINISTRY FOR FOREIGN ECONOMIC RELATIONS AND CHINA AND PEOPLE'S BANK OF CHINA,

HE WILL ALSO CALL ON THE DIRECTOR OF THE HONG KONG AND MACAU AFFAIRS OFFICE, MR LU PING.

WHILST IN PEKING, MR MACLEOD WILL TRADE DEVELOPMENT COUNCIL OFFICE.

ALSO

THE VISIT

HONG

KONG

ON

OF

THE FINANCIAL SECRETARY WILL THEN FLY TO SHANGHAI

THE THURSDAY (NOVEMBER 21) WHERE HE WILL VISIT

DEVELOPMENT AREA PUDONG AND MEET OFFICIALS AT THE SHANGHAI BRANCH OF THE PEOPLE'S BANK.

HE WILL ALSO CALL ON THE MAYOR OF SHANGHAI, MR HUANG JU.

MR MACLEOD WILL TRAVEL TO CANTON

THE ACTING GOVERNOR

OF

GUANGDONG, MR

THE NEXT DAY TO CALL ON ZHU

MEET SENLIN, AND

OTHER

GUANGDONG OFFICIALS.

(NOVEMBER 23), HB

SATURDAY BEFORE RETURNING TO HONG KONG ON WILL VISIT THE SHENZHEN STOCK EXCHANGE, AND A HONG KONG-GUANGDONG JOINT VENTURE IN SHENZHEN. HE WILL ALSO CALL ON THE MAYOR OF SHENZHEN, MR ZHENG LIANGYU, AND MEET OTHER SHENZHEN OFFICIALS.

ACCOMPANYING

MR MACLEOD

POLITICAL

ON THE VISIT WILL BE HIS ADMINISTRATIVE ASSISTANT, MR MATTHEW CHEUNG, AND THE DEPUTY ADVISER, MR STEPHEN BRADLEY.

EFFORTS OF ALL PARTIES NEEDED TO CHECK INFLATION

IN RESPONSE TO ENQUIRIES, THE SECRETARY FOR THE CIVIL

NO DECISION HAD MR. BARRIE WIGGHAM, SAID TODAY (SATURDAY) THAT TAKEN ON THE LEVEL OF CIVIL SERVICE PAY ADJUSTMENT NEXT YEAR.

"UNDER OUR ESTABLISHED POLICY, FINAL DECISIONS

UNTIL JUNE NEXT YEAR," MR WIGGHAM SAID.

SERVICE,

BEEN

ARE

NOT TAKEN

"BUT AGAINST THE BACKGROUND OF RIGH INFLATION AND SLOW ECONOMIC GROWTH, IT IS CLEARLY NECESSARY FOR THE GOVERNMENT CONSIDER ALL POSSIBLE MEASURES TO CHECK INFLATION. WAGE ONE OF SUCH MEASURES.

ΤΟ RESTRAINT IS

"HOWEVER, GOVERNMENT CANNOT ACT ALONE ON THIS,

THE SECRETARY

SAID.

/HE POINTED

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