SUNDAY, OCTOBER 9, 1994
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BRANCHES ONE TO MOVE IN THAT WE ARE
ANOTHER
THE FACT THAT WE HAVE GOT FOUR SPANISH BANKS NOW WITH IN HONG KONG I DETECTED SOME INTEREST POSSIBLY FROM BUT WE'LL SEE WHETHER THAT COMES OFF. SO STILL KEEN HERE, PARTLY FOR OUR OWN MERITS AND I REMINDED THEM ACTUALLY A BIGGER TRADER THAN CHINA, OR SPAIN FOR THAT MATTER PARTLY FOR OUR OWN MERITS, BUSINESS TO BE DONE HERE, OR PARTLY BASE FOR CHINA.
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SO AS A
GATEWAY
ALSO, I WAS REMINDING PEOPLE THAT WE ARE BECOMING A TO VIETNAM. SO THAT IS ALSO OF INTEREST. THERE'S A LOT OF INTEREST IN VIETNAM AT THE MOMENT. QUESTIONS?
QUESTION:
FS, YOU KNOW, WHY COULDN'T THE GOVERNMENT CONTRACT FOR TERMINAL NUMBER 9?
FS:
RE-TENDER THE
WELL, I KNOW THAT THE CHIEF SECRETARY HAS JUST ISSUED A I AM NOT GOING TO TRY AND ADD TO IT I'VE JUST READ
LONG STATEMENT. IT.
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QUESTION:
SO HOW CAN THE DEADLOCK BE SOLVED HERE?
FS:
DIFFICULT.
I DON'T KNOW HOW THE DEADLOCK CAN BE SOLVED, IT'S VERY
QUESTION:
BUT, YOU KNOW, THE CHINESE, LU PING SAID IT WOULD BE BETTER TO DO THAT. WHY COULDN'T IT? I MEAN WHY COULDN'T THE GOVERNMENT JUST RE-TENDER IT?
FS:
WELL, THIS IS RATHER A NEW IDEA BECAUSE THE WHOLE HISTORY OF THE AWARD OF THE CONTRACT ON THE CONTAINER TERMINAL 9 GOES BACK, I'M AFRAID, RATHER A LONG TIME NOW AND WE'VE SET OUT RATHER CLEARLY WHY WE DID WHAT WE DID. IT WAS NOT NEW; IT AIMED TO BRING IN MORE COMPETITION ΤΟ THE PORT. TO CARRY ON SIMPLY HAVING THE SAME, BASICALLY THE TWO LARGEST CONTAINER PORT OPERATORS GETTING THE NEW ONES, THEN WE WILL HAVE LESS COMPETITION. THAT WAS THE REASON AND HOPED WE HAD EXPLAINED THAT VERY WELL.
QUESTION: JARDINES
JARDINES.
FS:
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I
NOT ACCEPT OFFERED TO
CHINA HAD ALREADY MADE CLEAR THAT IT WOULD WOULD NOT ACCEPT THE PRIVATE TREATY THAT YOU CAN'T YOU MAKE A SOFTENING OF STANCE AS TO ... (INAUDIBLE)
AS I SAY, OUR POSITION WAS SET OUT VERY CLEARLY
CHIEF SECRETARY.
QUESTION: BUDGET
BY THE
WELL, FS, YOU KNOW, THE PWC SAID YESTERDAY THAT. OUR NEXT YOU KNOW, WHEN YOU FORMULATE OUR NEXT BUDGET, YOU SHOULD CONSULT CHINA.
FS:
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YES, I'VE JUST BEEN READING WHAT THEY HAVE SAID. OF COURSE, THEY ARE ADVISING CHINA. I HAVE NO DOUBT, IN DUE COURSE, CHINA WILL TELL US WHAT THEIR VIEWS ARE. SO MEANWHILE OF COURSE IN THE GOVERNOR'S SPEECH WE MADE IT VERY CLEAR THAT WE ARE HAPPY TO HAVE A DIALOGUE WITH THEM ON THE LAST BUDGET - THE LAST ONE, THE 1997/98 BUDGET. WE ARE HAPPY TO BRIEF THEM ON OUR SYSTEM WE'VE DONE THAT ALREADY - OUR BUDGETARY SYSTEM AND FINANCIAL SYSTEM WE'RE HAPPY TO DO MORE OF THAT IF THAT IS NEEDED.
wh
/QUESTION