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Question: What is the minimal time to ....
Governor: Honestly, I'm as good as my word. Do you want a question on anything else or not?
Question: You mean other than CFA?
Governor: I have said everything I want to say on the CFA. Do you want a question on anything else? Thank you very much. Question: How about the airport? Is there any agreement to be made during these few days?
Governor: Director Lu said in the United States that we could expect agreement on the FSAs within days. So I think everyone in Hong Kong is looking to the Chinese side here in Hong Kong to make sure that happens. It's not for me to say what the Chinese side's position is on it. But Director Lu has made that pledge and I hope that Chinese officials here will live up to it. Okay?
Question: So everything will be ready after the JLG meeting in April?
Governor: Well, I only hear what you hear, and I have heard the pledge, the promise given in America, and I assume that wasn't just for American audiences. We have things like agency tapes and television and telephones, so that message came back to Hong Kong, and a lot of people in Hong Kong threw their hats in the air, and said: 'Terrible, we can put that argument behind the stand.' All I am saying is we haven't given that commitment, but it's been given, and I very much hope that Chinese officials here will be able to live up to it now. Okay? Thanks very much indeed. Thanks for being so patient.
End/ Saturday, March 25, 1995
Consultants appointed to study mandatory provident fund system
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The Secretary for Financial Services, Mr Michael Cartland, announced today (Saturday) the appointment of Hewitt Associates, in conjunction with GML Consulting Limited, to conduct a consultancy on the establishment of a mandatory provident fund system in Hong Kong.
The objective of the study is to advise and make recommendations to the Government on the details of the system.