XN000022-1984-10-22 — Page 4

MONDAY, OCTOBER 22, 1984

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HE SAID THAT FOR MANY YEARS, HONG KONG HAD PROVIDED FERTILE GROUND FOR THE PRACTITIONER OR THE SERIOUS STUDENT OF PROFESSIONAL VALUATION.

+FURTHERMORE, THE COMPLEXITY AND VOLATILITY OF THE HONG KONG PROPERTY MARKET IN RECENT YEARS HAS PROVIDED A UNIQUE CASE STUDY FOR THE VALUER, PARTICULARLY AS REGARDS THE WAY IN WHICH BASE VALUES SHIFTED ABSOLUTELY AND RELATIVELY, HE SAID.

THE WEEK-LONG CONFERENCE IS HOSTED BY THE HONG KONG GOVERNMENT AND ORGANISED BY THE RATING AND VALUATION DEPARTMENT.

IT AIMS TO PROVIDE A FORUM TO ENABLE LEADERS OF COMMONWEALTH VALUATION DEPARTMENTS TO DISCUSS AND EXCHANGE IDEAS AND TECHNIQUES IN AN AGE WHERE THE COST AND EFFECTIVENESS OF THE VALUATION SERVICE IS BEING CLOSELY EXAMINED.

THE FIRST CONFERENCE WAS HOSTED BY MALAYSIA IN KUALA LUMPUR IN 1977 AND THE SECOND BY CANADA IN OTTAWA IN 1980.

KAIFONGS URGED TO JOIN PUBLIC AFFAIR$ *****

THE KAIFONGS WERE IN A POSITION TO ASSESS THE POLITICAL STRUCTURES AND LIFESTYLE DESIRED BY THE COMMUNITY AND TO CONVEY THE IR ASSESSMENTS TO THE GOVERNMENT, THE SECRETARY FOR HOME AFFAIRS, MR DENIS BRAY, SAID TODAY (MONDAY).

SPEAKING AT THE 35TH ANNUAL KAIFONG DAY CELEBRATION THIS EVENING, MR BRAY SAID HONG KONG SOCIETY WAS UNDERGOING RAP ID SOCIAL AND POLITICAL CHANGES.

HE URGED EVERY MEMBER OF KAIFONG ASSOCIATIONS TO TAKE AN ACTIVE PART IN PUBLIC AFFAIRS,

+THE IMPLEMENTATION OF THE PROPOSALS THAT WILL EMERGE IN A WHITE PAPER ON REPRESENTATIVE GOVERNMENT WILL ONLY BE A FIRST STEP. THE KAIFONGS SHOULD OFFER GUIDANCE ON THE NEXT STEPS, HE SAID.

FOLLOWING IS THE TEXT OF MR BRAY'S SPEECH:

+1 AM HONOURED TO BE INVITED TO OFFICIATE AT THE 35TH ANNUAL KAIFONG DAY CELEBRATION THIS EVENING.

+OVER THE PAST 30 YEARS, THE KAIFONG MOVEMENT, WITH ITS FOUR

THE ENTHUSIASM MAJOR PRINCIPLES, HAS ACHIEVED OUTSTANDING RESULTS. AND PUBLIC-SPIRITEDNESS OF KAIFONG LEADERS WHO CHOOSE TO SERVE THE COMMUNITY DILIGENTLY AND SELFLESSLY ARE HIGHLY APPRECIATED.

/+I HAVE