TUESDAY, OCTOBER 27, 1987
STATEMENT BY DEPUTY TO THE GOVERNOR
THE FOLLOWING STATEMENT WAS MADE BY THE DEPUTY TO THE GOVERNOR, MR DAVID FORD, THIS (TUESDAY) MORNING:
"I'VE COME FROM A MEETING OF THE EXECUTIVE COUNCIL, AT WHICH MEMBERS HAVE ASKED ME ΤΟ SAY THAT THEY'VE EXPRESSED THEIR TOTAL SUPPORT FOR THE FUTURES FINANCIAL INSTITUTIONS IN HONG KONG AND FOR THE FUTURE OF HONG KONG GENERALLY. THEY'VE GIVEN THEIR WHOLE HEARTED SUPPORT TO THE MEASURES WHICH WE'RE PROPOSING TODAY.
"EVERYTHING THAT NEEDS TO BE DONE TO SAVE HONG KONG WILL НЕ DONE BY GOVERNMENT.
"WE HAVE NEWS THAT THERE WILL BE LARGE SCALE INVESTMENT IN THE MARKET TODAY FROM BIG INVESTORS. WE ARE CONFIDENT THAT WHAT WE HAVE PROPOSED IS RIGHT FOR HONG KONG AND RIGHT FOR THE PEOPLE OF HONG KONG AS A WHOLE."
ELABORATING ON MR FORD'S STATEMENT, THE FINANCIAL SECRETARY, MR PIERS JACOBS, SAID:
*I WOULD LIKE TO ECHO WHAT THE DEPUTY TO THE GOVERNOR HAS JUST SAID. WE HAVE THE UTMOST SUPPORT FROM THE EXECUTIVE COUNCIL.
"THERE ARE LARGE BUYERS IN THE MARKET TODAY.
'WE HAVE NO INTENTION OF GIVING HONG KONG AWAY. WE WILL EVERYTHING THAT IS NEEDED, AND I CAN ASSURE YOU THAT WE WILL WIN.
"
DO
"THERE WILL UNDOUBTEDLY BE SOME PEOPLE WHO WILL FAIL, SOMR INDIVIDUAL BROKERS WHO WILL FAIL, BUT OUR TASK TODAY IS TO
TO KEEP OUR MARKETS FUNCTIONING. CERTAINLY SOME INDIVIDUALS MAY SUFFER, BUT AT WHAT THIS THE END OF THE DAY, OUR MARKETS WILL BE INTACT AND THAT'S WHOLE OPERATION IS DESIGNED TO ACHIEVE.
ITSELF.
"THIS IS THE MOMENT FOR THE COMMUNITY TO TAKE PART AND SAVE
H
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