XN000022-1987-06-16 — Page 3

N

-

TUESDAY, JUNE 16, 1987

BE DECIDE

COMPLETED

WHEN

A

"THE STUDY OF KAI TAK AIRPORT, WHICH I EXPECT TO

TO GOVERNMENT LATE

ENABLE THE 1988,

SHOULD REPLACEMENT AIRPORT IS LIKELY TO BE REQUIRED," HE ADDED.

IN

THE HISTORY OF ADMINISTRATION'S

REPLACEMENT

AIRPORT

STUDIES,

THE

INITIATIVE IN AUGUST LAST YEAR AND THE EXECUTIVE COUNCIL DECISION OF MARCH 10 THIS YEAR, MR JACOBS ADDED, WERE TIMELY.

ΤΟ THE

THAT THE GOVERNMENT THERE WAS NO SUBSTANCE IN THE SUGGESTION

NEW AIRPORT AND SIMPLY WAS ONLY NOW COMING ALIVE TO THE NEED FOR A

PROPOSAL FOR REACTING

HOPEWELL CONSORTIUM'S

THE WESTERN ANNOL NCEMENT OF HARBOUR-LANTAU DEVELOPMENT PROJECT AND TO THE RECENT THE DECISION BY THE PRO'S STATE COUNCIL TO APPROVE THE CONSTRUCTION OF AN AIRPORT AT BAISHIZHOU,

THE GOVERNMENT IN

"NR GORDON WU MADE HIS INITIAL PROPOSAL TO

AFTER WE HAD DECIDED NOVEMBER LAST YEAR, SOME TIME OPTIONS.

TO RE-EXAMINE

NEETINGS WITH BETWEEN RELATED

"SINCE THEN, OUR PLANNERS HAVE HELD A NUMBER OF MR WU AND HIS STAFF, TO ASCERTAIN WHAT COMMON GROUND THERE IS OUR OVERALL STRATEGIC PLANNING FOR A FUTURE AIRPORT, PORT AND FACILITIES AND THE CONSORTIUM'S PROPOSAL.

++

THAT

11

THE

GOVERNMENT 1 MUST EMPHASISE AIRPORT QUESTION IN ISOLATION, UE STRESSED.

THE FINANCIAL SECRETARY WAS

CANNOT

LOOK

AT

THE

INTEREST IN INTEREST.

THE OBVIOUSLY,

HOPEWELL

PLEASED TO NOTE

"[ PROPOSAL. CONSORTIUM'S PRIVATE SECTOR PARTICIPATION AND REFLECT CONFIDENCE IN THE FUTURE OF HONG KONG.

PRIVATE SECTOR WELCOME THIS FINANCING

REGULATORY EFFORTS TO ENHANCE INVESTORS' CONFIDENCE

*

REGULATORY OF AN

OPEN AND SECRETARY, MR PIERS

THE GOVERNMENT SEES NO FUNDAMENTAL CONFLICT BETWEEN EFFORTS IN THE FINANCIAL MARKET AND THE MAINTENANCE COMPETITIVE BUSINESS ENVIRONMENT, THE FINANCIAL JACOBS, SAID TODAY (TUESDAY).

SPEAKING

AT

THE

ΤΟ AIMS

"INVESTMENT

PROVIDE

JACOBS SAID THE GOVERNMENT'S ROLE

DEVELOPMENT

THE

HONGKONG

'87"

CONFERENCE,

MR

IN HONG KONG'S FINANCIAL

NECESSARY

ENVIRONMENT

AND

INFRASTRUCTURE, RATHER THAN BEING THE MAIN DRIVING FORCE.

/TO ENHANCE